TeleTech Holdings, Inc. (NASDAQ:TTEC) Receives $3.50 Average Price Target from Analysts

TeleTech Holdings, Inc. (NASDAQ:TTEC) has been given an average recommendation of “Reduce” by the five research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $3.50.

Several research firms recently weighed in on TTEC. Weiss Ratings reiterated a “sell (e+)” rating on shares of TeleTech in a report on Wednesday, October 8th. Wall Street Zen lowered TeleTech from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Barrington Research reaffirmed a “market perform” rating on shares of TeleTech in a research note on Monday, August 18th. Finally, William Blair lowered TeleTech from an “outperform” rating to a “market perform” rating in a research note on Monday, November 10th.

TeleTech Price Performance

NASDAQ:TTEC opened at $3.58 on Friday. The stock has a 50 day moving average of $3.30 and a two-hundred day moving average of $4.02. TeleTech has a 12 month low of $2.48 and a 12 month high of $5.86. The firm has a market cap of $173.81 million, a P/E ratio of -9.42, a price-to-earnings-growth ratio of 0.41 and a beta of 1.09. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.14.

TeleTech (NASDAQ:TTEC) last posted its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). TeleTech had a positive return on equity of 8.95% and a negative net margin of 0.84%.The business had revenue of $519.14 million for the quarter, compared to analyst estimates of $497.92 million. TeleTech has set its FY 2025 guidance at 0.950-1.200 EPS. On average, analysts expect that TeleTech will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TTEC. Intech Investment Management LLC purchased a new stake in TeleTech during the 3rd quarter worth approximately $35,000. Skandinaviska Enskilda Banken AB publ purchased a new position in TeleTech in the 2nd quarter valued at approximately $39,000. Harvest Management LLC acquired a new position in shares of TeleTech in the second quarter worth $48,000. Quarry LP acquired a new stake in shares of TeleTech in the third quarter valued at $56,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of TeleTech in the third quarter valued at $74,000. Hedge funds and other institutional investors own 38.03% of the company’s stock.

About TeleTech

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.