Analysts Set TTEC Holdings, Inc. (NASDAQ:TTEC) Price Target at $11.90

TTEC Holdings, Inc. (NASDAQ:TTEC) has been given an average rating of “Hold” by the six analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $11.90.

Several brokerages recently commented on TTEC. StockNews.com downgraded shares of TTEC from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Northland Securities reduced their target price on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Finally, Canaccord Genuity Group dropped their price objective on shares of TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a research note on Tuesday, August 13th.

TTEC Stock Performance

Shares of TTEC stock opened at $4.04 on Tuesday. The company has a market capitalization of $192.13 million, a price-to-earnings ratio of -15.54, a PEG ratio of 2.51 and a beta of 1.04. The company has a debt-to-equity ratio of 3.06, a quick ratio of 1.56 and a current ratio of 1.56. The company has a 50-day simple moving average of $5.72 and a 200 day simple moving average of $7.53. TTEC has a 52 week low of $3.71 and a 52 week high of $28.38.

TTEC (NASDAQ:TTEC) last announced its earnings results on Thursday, August 8th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.14). The company had revenue of $534.09 million for the quarter, compared to the consensus estimate of $554.67 million. TTEC had a positive return on equity of 7.38% and a negative net margin of 13.39%. On average, sell-side analysts predict that TTEC will post 0.44 earnings per share for the current year.

Institutional Trading of TTEC

Several hedge funds and other institutional investors have recently bought and sold shares of TTEC. ProShare Advisors LLC raised its position in shares of TTEC by 26.0% in the 1st quarter. ProShare Advisors LLC now owns 364,840 shares of the business services provider’s stock valued at $3,783,000 after buying an additional 75,212 shares in the last quarter. Invenomic Capital Management LP acquired a new position in shares of TTEC in the 1st quarter valued at approximately $2,910,000. Assenagon Asset Management S.A. acquired a new position in shares of TTEC in the 2nd quarter valued at approximately $363,000. Vanguard Group Inc. raised its position in shares of TTEC by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 2,570,247 shares of the business services provider’s stock valued at $26,653,000 after buying an additional 160,567 shares in the last quarter. Finally, Quadrature Capital Ltd raised its position in shares of TTEC by 45.4% in the 4th quarter. Quadrature Capital Ltd now owns 23,555 shares of the business services provider’s stock valued at $511,000 after buying an additional 7,356 shares in the last quarter. Institutional investors and hedge funds own 38.03% of the company’s stock.

TTEC Company Profile

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.