Incontact Inc (SAAS) is Downgraded by Lake Street to Hold, Raises Price Target to $ 14

Incontact Inc (SAAS) was Downgraded by Lake Street to ” Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 14 from a previous price target of $13 . Earlier the firm had a rating of “Buy ” on the company shares. Lake Street advised their investors in a research report released on May 18, 2016.

On the company’s financial health, Incontact Inc reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Feb 16, 2016. Analyst had a consensus of $-0.10. The company had revenue of $61.50 million for the quarter, compared to analysts expectations of $58.79 million. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Incontact Inc closed down -0.14 points or -1.47% at $9.4 with 4,66,416 shares getting traded on Monday. Post opening the session at $9.6, the shares hit an intraday low of $9.15 and an intraday high of $9.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Dec 10, 2015, William W Jr. Robinson (Executive VP of Sales) sold 6,900 shares at $10.00 per share price. According to the SEC, on Nov 5, 2015, Hamid Akhavan (director) purchased 20,000 shares at $9.50 per share price. On Aug 12, 2015, Paul F Koeppe (director) purchased 5,000 shares at $7.25 per share price, according to the Form-4 filing with the securities and exchange commission.

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 segments: Software and Network connectivity. inContact’s Software segment includes services related to the delivery of its cloud contact center software solutions. The Company’s Network connectivity segment provides voice and data long distance services. The Company offers its products and services to customers in five vertical markets: business process outsourcers (BPOs) retail and direct response healthcare providers utilities and state and local Government. The Company has facilities in the United States Europe the Philippines and Hong Kong. The Company’s registered trademarks in the United States and elsewhere include inContact inTouch ECHO inCloud Satisfaction as a Service and Personal Connection.

Incontact Inc

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