Analyst Rating Update on inContact (SAAS)

inContact (NASDAQ:SAAS) : 5 analysts are covering inContact (NASDAQ:SAAS) and their average rating on the stock is 2.2, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

inContact (NASDAQ:SAAS) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $14 and the lowest price target forecast is $12. The average forecast of all the analysts is $13.4 and the expected standard deviation is $0.89.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Craig-Hallum downgrades its rating on inContact (NASDAQ:SAAS). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 19, 2016.

inContact (NASDAQ:SAAS): On Tuesdays trading session , Opening price of the stock was $13.87 with an intraday high of $13.89. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.82. However, the stock managed to close at $13.85, a loss of 0.22% for the day. On the previous day, the stock had closed at $13.88. The total traded volume of the day was 982,187 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Robinson William W Jr., officer (Executive VP of Sales) of Incontact, Inc., had unloaded 6,900 shares at an average price of $10 in a transaction dated on December 8, 2015. The total value of the transaction was worth $69,000.

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. inContacts Software segment includes services related to the delivery of its cloud contact center software solutions. The Companys 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 Companys registered trademarks in the United States and elsewhere include inContact, inTouch, ECHO, inCloud, Satisfaction as a Service and Personal Connection.

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