ServiceSource International Inc. (SREV) Sees Unusually-High Trading Volume
Shares of ServiceSource International Inc. (NASDAQ:SREV) saw strong trading volume on Tuesday . 670,454 shares changed hands during trading, an increase of 56% from the previous session’s volume of 429,118 shares.The stock last traded at $4.21 and had previously closed at $4.06.
A number of equities analysts have recently issued reports on the company. JMP Securities reissued a “buy” rating and set a $7.00 price target on shares of ServiceSource International in a research report on Thursday, June 23rd. Zacks Investment Research raised ServiceSource International from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research report on Tuesday, May 17th.
The stock’s market cap is $356.02 million. The stock has a 50-day moving average price of $3.99 and a 200-day moving average price of $4.02.
ServiceSource International (NASDAQ:SREV) last announced its quarterly earnings results on Monday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. During the same period last year, the firm posted ($0.01) earnings per share. The company had revenue of $59.80 million for the quarter, compared to the consensus estimate of $58.36 million. The company’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, analysts forecast that ServiceSource International Inc. will post ($0.04) earnings per share for the current fiscal year.
In related news, Director Richard Campione sold 18,625 shares of ServiceSource International stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $3.75, for a total transaction of $69,843.75. Following the sale, the director now directly owns 284,680 shares of the company’s stock, valued at approximately $1,067,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that improve enterprise revenue relationships. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI). Based on the science of Revenue Lifecycle Management (RLM), the Company provides business to business (B2B) companies with technology-enabled services and solutions that allow growing and retaining revenue from existing customers, directly or through a channel.
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