Zacks Investment Research upgraded shares of SVMK (NASDAQ:SVMK) from a sell rating to a hold rating in a research note published on Wednesday 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. “
A number of other equities analysts have also recently issued reports on the stock. ValuEngine cut shares of SVMK from a buy rating to a hold rating in a research note on Monday, February 4th. Wells Fargo & Co initiated coverage on shares of SVMK in a report on Tuesday, November 13th. They issued a market perform rating and a $13.00 target price on the stock. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $14.86.
Shares of SVMK stock traded down $0.17 during mid-day trading on Wednesday, reaching $15.00. The company’s stock had a trading volume of 1,121,343 shares, compared to its average volume of 1,543,657. SVMK has a 1-year low of $10.05 and a 1-year high of $20.00. The stock has a market cap of $1.69 billion and a price-to-earnings ratio of -10.49. 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 data on Wednesday, February 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.14. The business had revenue of $67.90 million during the quarter, compared to analyst estimates of $65.88 million. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. On average, sell-side analysts predict that SVMK will post -0.55 earnings per share for the current year.
In other news, insider Rebecca Cantieri sold 3,649 shares of the company’s 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 document filed with the SEC, which is available at this hyperlink. Also, SVP Lora D. Blum sold 2,080 shares of the company’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $13.09, for a total transaction of $27,227.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,443 shares of company stock worth $1,784,641.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new stake in SVMK during the 4th quarter worth about $58,000. Legal & General Group Plc bought a new stake in SVMK during the 3rd quarter worth about $80,000. Metropolitan Life Insurance Co. NY bought a new stake in SVMK during the 4th quarter worth about $137,000. American International Group Inc. bought a new stake in SVMK during the 4th quarter worth about $143,000. Finally, Hsbc Holdings PLC bought a new stake in SVMK during the 3rd quarter worth about $160,000. 59.41% of the stock is currently owned by institutional investors and hedge funds.
SVMK Company Profile
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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