Benchmark Reiterates a 'Buy' on inContact (SAAS); Sell-Off Creates Buying Opportunity

June 19, 2012 8:17 AM EDT
Get Alerts SAAS Hot Sheet
Price: $13.99 --0%

Rating Summary:
    8 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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Benchmark reiterates a 'Buy' on inContact (NASDAQ: SAAS) price target of $7.00.

Analyst, Mark W. Schappel, said, "We believe the recent sell-off in shares of inContact create a buying opportunity. The stock is down 21% since its 52-week high set on March 23 vs. a 6% decline in the NASDAQ and a 7% decline for the broader software sector. We believe the selloff, which in our view is due to the departure of its sales executive and the broad market downturn, creates a more compelling entry point into inContact’s shares for long-term investors."

For an analyst ratings summary and ratings history on inContact click here. For more ratings news on inContact click here.

Shares of inContact closed at $4.71 yesterday.

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