Zacks Investment Research upgraded shares of SVMK (NASDAQ:SVMK) from a sell rating to a hold rating in a report issued on Thursday morning.
According to Zacks, “SVMK Inc. develops survey software. The Company offers a platform which enables organizations to collect and analyze feedback and insights which solves business problems, enhances customer experience and loyalty, improves employee productivity, retention, optimization and marketing investments. SVMK Inc. is based in San Mateo, United States. “
SVMK has been the topic of several other research reports. Bank of America began coverage on shares of SVMK in a research note on Monday, October 22nd. They issued a buy rating and a $16.00 price target on the stock. UBS Group began coverage on shares of SVMK in a research note on Monday, October 22nd. They issued a neutral rating and a $15.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of SVMK in a research note on Monday, October 22nd. They issued an overweight rating and a $15.00 price target on the stock. ValuEngine upgraded shares of SVMK from a hold rating to a buy rating in a research note on Tuesday, November 27th. Finally, Wells Fargo & Co began coverage on shares of SVMK in a research note on Tuesday, November 13th. They issued a market perform rating and a $13.00 price target on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Buy and an average price target of $14.86.
Shares of SVMK stock opened at $13.37 on Thursday. SVMK has a 52 week low of $10.05 and a 52 week high of $20.00. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.14 and a current ratio of 1.14.
SVMK (NASDAQ:SVMK) last announced its quarterly earnings results on Tuesday, November 13th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. The company had revenue of $65.21 million during the quarter, compared to analysts’ expectations of $62.93 million. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) EPS. Analysts predict that SVMK will post -1.41 earnings per share for the current year.
In other news, CEO Alexander J. Lurie sold 8,344 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $12.39, for a total value of $103,382.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Thomas E. Hale sold 18,016 shares of the business’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $12.40, for a total transaction of $223,398.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,104 shares of company stock worth $410,339.
Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc bought a new position in SVMK in the 3rd quarter worth about $80,000. Vanguard Group Inc purchased a new stake in shares of SVMK in the 3rd quarter worth approximately $4,328,000. Vanguard Group Inc. purchased a new stake in shares of SVMK in the 3rd quarter worth approximately $4,328,000. Morgan Stanley purchased a new stake in shares of SVMK in the 3rd quarter worth approximately $12,864,000. Finally, Putnam Investments LLC purchased a new stake in shares of SVMK in the 3rd quarter worth approximately $3,596,000. Hedge funds and other institutional investors own 50.28% of the company’s stock.
SVMK Inc provides survey software products that enable organizations to engage with their customers, employees, and the markets they serve in the United States and internationally. Its cloud-based SaaS platform helps individuals and organizations to design and distribute surveys that generate an average of approximately 20 million answered questions daily across approximately 190 countries and territories.
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