ValuEngine lowered shares of SVMK (NASDAQ:SVMK) from a buy rating to a hold rating in a research note issued to investors on Monday, February 4th.
SVMK has been the subject of a number of other reports. Zacks Investment Research upgraded shares of SVMK from a sell rating to a hold rating in a research note on Thursday, January 10th. Bank of America began coverage on shares of SVMK in a research note on Monday, October 22nd. They set a buy rating and a $16.00 price objective for the company. 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 target price for the company. 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 target price for the company. 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 target price for the company. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. SVMK presently has a consensus rating of Hold and a consensus target price of $14.86.
NASDAQ SVMK traded down $0.17 on Monday, reaching $15.00. The company had a trading volume of 1,121,343 shares, compared to its average volume of 1,543,657. The firm has a market cap of $1.69 billion and a PE ratio of -10.49. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.34. SVMK has a 1-year low of $10.05 and a 1-year high of $20.00.
SVMK (NASDAQ:SVMK) last announced its earnings results on Wednesday, February 13th. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.14. The company had revenue of $67.90 million during the quarter, compared to analyst estimates of $65.88 million. The firm’s revenue was up 19.1% on a year-over-year basis. Equities research analysts forecast that SVMK will post -0.55 EPS for the current year.
In other SVMK news, insider Rebecca Cantieri sold 3,649 shares of the stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $14.00, for a total value of $51,086.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Alexander J. Lurie sold 8,100 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $11.79, for a total transaction of $95,499.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 140,443 shares of company stock worth $1,784,641.
A number of large investors have recently made changes to their positions in SVMK. Emerald Mutual Fund Advisers Trust bought a new position in SVMK in the third quarter valued at approximately $2,093,000. Emerald Advisers Inc. PA acquired a new stake in SVMK in the third quarter valued at approximately $1,357,000. Glynn Capital Management LLC acquired a new stake in SVMK in the third quarter valued at approximately $404,000. Allen Operations LLC acquired a new stake in SVMK in the third quarter valued at approximately $2,025,000. Finally, JPMorgan Chase & Co. acquired a new stake in SVMK in the third quarter valued at approximately $3,129,000. 59.41% of the stock is currently owned by institutional investors and hedge funds.
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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