ServiceSource International, Inc. (NASDAQ:SREV) has been assigned a $5.00 price target by research analysts at Northland Securities in a research note issued to investors on Friday, July 28th. The brokerage presently has a “hold” rating on the technology company’s stock. Northland Securities’ price objective would suggest a potential upside of 46.20% from the company’s current price.
Other analysts also recently issued reports about the company. BidaskClub downgraded ServiceSource International from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded ServiceSource International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Finally, TheStreet cut ServiceSource International from a “c-” rating to a “d+” rating in a research report on Wednesday, April 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $5.58.
Shares of ServiceSource International (NASDAQ SREV) opened at 3.42 on Friday. The company’s 50-day moving average is $3.78 and its 200 day moving average is $3.89. The firm’s market capitalization is $305.03 million. ServiceSource International has a 52-week low of $2.82 and a 52-week high of $6.25.
ServiceSource International (NASDAQ:SREV) last posted its earnings results on Monday, August 7th. The technology company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. ServiceSource International had a negative return on equity of 3.70% and a negative net margin of 17.26%. The business had revenue of $58.30 million during the quarter, compared to the consensus estimate of $56.26 million. During the same period in the previous year, the business earned $0.01 EPS. The business’s quarterly revenue was down 5.9% on a year-over-year basis. Analysts expect that ServiceSource International will post $0.06 EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in the stock. Primecap Management Co. CA boosted its stake in shares of ServiceSource International by 0.9% in the first quarter. Primecap Management Co. CA now owns 13,014,636 shares of the technology company’s stock worth $50,497,000 after buying an additional 116,400 shares during the period. RGM Capital LLC raised its position in shares of ServiceSource International by 1.1% in the first quarter. RGM Capital LLC now owns 7,667,518 shares of the technology company’s stock worth $29,750,000 after buying an additional 82,802 shares in the last quarter. Prescott Group Capital Management L.L.C. raised its position in shares of ServiceSource International by 6.5% in the first quarter. Prescott Group Capital Management L.L.C. now owns 3,884,943 shares of the technology company’s stock worth $15,074,000 after buying an additional 236,168 shares in the last quarter. Vanguard Group Inc. raised its position in shares of ServiceSource International by 3.7% in the second quarter. Vanguard Group Inc. now owns 2,573,405 shares of the technology company’s stock worth $9,984,000 after buying an additional 92,847 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of ServiceSource International by 4.9% in the first quarter. Renaissance Technologies LLC now owns 2,194,646 shares of the technology company’s stock worth $8,515,000 after buying an additional 102,600 shares in the last quarter. Hedge funds and other institutional investors own 66.55% of the company’s stock.
About ServiceSource International
ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).
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