inContact Inc. (SAAS) Given Consensus Recommendation of “Hold” by Brokerages
Shares of inContact Inc. (NASDAQ:SAAS) have received a consensus rating of “Hold” from the nine research firms that are covering the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $13.40.
Separately, Zacks Investment Research raised inContact from a “sell” rating to a “hold” rating in a research report on Wednesday, September 21st.
A number of institutional investors have recently made changes to their positions in SAAS. A.R.T. Advisors LLC purchased a new position in shares of inContact during the first quarter worth approximately $495,000. Havens Advisors LLC bought a new position in shares of inContact during the second quarter valued at about $1,801,000. Chicago Capital Management LLC bought a new position in shares of inContact during the second quarter valued at about $12,369,000. Bank of Montreal Can bought a new position in shares of inContact during the second quarter valued at about $22,245,000. Finally, Kassirer Asset Management Corp bought a new position in shares of inContact during the second quarter valued at about $6,242,000. Institutional investors own 93.53% of the company’s stock.
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Shares of inContact (NASDAQ:SAAS) remained flat at $13.99 during trading on Tuesday. inContact has a 1-year low of $7.15 and a 1-year high of $13.99. The stock has a 50-day moving average price of $13.93 and a 200-day moving average price of $13.49.
inContact, Inc (inContact) is a provider of cloud contact center software solutions. The Company provides a range of cloud contact center call routing, self-service and agent optimization solutions. The Company operates through two business segments: Software and Network connectivity. inContact’s Software segment includes the services related to the delivery of its cloud contact center software solutions.
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