Incontact Inc (NASDAQ:SAAS)‘s stock had its “buy” rating reissued by Zacks Investment Research in a report released on Monday, MarketBeat reports. They presently have a $9.50 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 7.95% from the company’s previous close.

According to Zacks, “inContact, Inc. operates as a hosted, software as a service company offering a range of hosted contact handling and performance management software services, in addition to a variety of connectivity options for carrying an inbound call into its inContact suite of services.The Company sells telecom services unbundled from its inContact service offering, including dedicated, switched, toll free and data lines.The company also operates as a reseller of domestic and international long distance and other services provided by national and regional wholesale providers.It was formerly known as UCN, Inc. and is based in Midvale, Utah. “

Shares of Incontact (NASDAQ:SAAS) opened at 8.80 on Monday. The firm’s 50-day moving average price is $9.15 and its 200 day moving average price is $8.48. The firm’s market cap is $542.78 million. Incontact has a 52 week low of $6.25 and a 52 week high of $11.93.

Incontact (NASDAQ:SAAS) last announced its quarterly earnings data on Thursday, October 29th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. The firm had revenue of $36.70 million for the quarter, compared to analysts’ expectations of $52.43 million. During the same quarter in the prior year, the business posted ($0.11) earnings per share. Incontact’s revenue was up 26.9% on a year-over-year basis. Equities analysts anticipate that Incontact will post ($0.40) EPS for the current year.

Other analysts have also issued reports about the company. TheStreet lowered Incontact from a “hold” rating to a “sell” rating in a report on Thursday. Piper Jaffray cut their price objective on Incontact from $18.00 to $11.00 in a report on Wednesday, October 28th. Benchmark Co. lowered their target price on shares of Incontact from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Summit Research initiated coverage on shares of Incontact in a research report on Monday, December 7th. They set a “buy” rating and a $12.00 target price on the stock. Finally, Oppenheimer reissued an “outperform” rating and set a $11.00 target price (down from $14.00) on shares of Incontact in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Incontact presently has a consensus rating of “Buy” and an average price target of $11.44.

In other news, VP William W. Jr. Robinson sold 6,900 shares of the firm’s stock in a transaction dated Tuesday, December 8th. The stock was sold at an average price of $10.00, for a total value of $69,000.00. Following the sale, the vice president now directly owns 44,465 shares of the company’s stock, valued at $444,650. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hamid Akhavan purchased 20,000 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was acquired at an average cost of $9.50 per share, for a total transaction of $190,000.00. Following the completion of the transaction, the director now owns 75,286 shares of the company’s stock, valued at approximately $715,217. The disclosure for this purchase can be found here.

inContact, Inc. (NASDAQ:SAAS) 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.

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