ValuEngine upgraded shares of Servicesource International (NASDAQ:SREV) from a hold rating to a buy rating in a report published on Monday, February 4th.
A number of other equities research analysts also recently issued reports on SREV. Zacks Investment Research upgraded shares of Servicesource International from a strong sell rating to a hold rating in a research note on Thursday, December 20th. B. Riley set a $2.00 price objective on shares of Servicesource International and gave the stock a buy rating in a research note on Thursday, November 8th. Finally, JMP Securities downgraded shares of Servicesource International from an outperform rating to a market perform rating in a research note on Friday, October 19th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has an average rating of Hold and an average target price of $1.25.
Shares of SREV opened at $1.01 on Monday. The stock has a market capitalization of $97.36 million, a PE ratio of -25.25 and a beta of 1.89. Servicesource International has a fifty-two week low of $0.92 and a fifty-two week high of $4.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.91 and a current ratio of 3.91.
Servicesource International (NASDAQ:SREV) last released its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. Servicesource International had a negative net margin of 10.44% and a negative return on equity of 4.98%. The business had revenue of $61.47 million for the quarter, compared to the consensus estimate of $61.10 million. Equities research analysts anticipate that Servicesource International will post -0.13 EPS for the current fiscal year.
In related news, CFO Richard Walker bought 100,000 shares of the company’s stock in a transaction dated Wednesday, February 27th. The stock was purchased at an average price of $0.97 per share, with a total value of $97,000.00. Following the completion of the acquisition, the chief financial officer now owns 554,763 shares of the company’s stock, valued at $538,120.11. The purchase was disclosed in a document filed with the SEC, which is available through this link. 19.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SREV. SG Americas Securities LLC bought a new position in Servicesource International in the 4th quarter valued at approximately $48,000. Brandywine Managers LLC bought a new position in Servicesource International during the 4th quarter worth approximately $82,000. Hamilton Lane Advisors LLC bought a new position in Servicesource International during the 4th quarter worth approximately $98,000. Rhumbline Advisers raised its holdings in Servicesource International by 43.8% during the 4th quarter. Rhumbline Advisers now owns 96,543 shares of the technology company’s stock worth $104,000 after purchasing an additional 29,383 shares during the last quarter. Finally, Standard Life Aberdeen plc bought a new position in Servicesource International during the 4th quarter worth approximately $192,000. Institutional investors and hedge funds own 75.84% of the company’s stock.
About Servicesource International
ServiceSource International, Inc provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company's solutions include outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account-based marketing, and channel recruitment and enablement, as well as renewals management, including the sale of maintenance and support service contracts for the products used by its clients' end-users.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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