ServiceSource International Inc. (SREV) Shares Down 1.5%
ServiceSource International Inc. (NASDAQ:SREV) fell 1.5% during trading on Monday . The company traded as low as $4.04 and last traded at $4.06, with a volume of 352,009 shares trading hands. The stock had previously closed at $4.12.
A number of brokerages have commented on SREV. Zacks Investment Research upgraded ServiceSource International from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Tuesday, May 17th. JMP Securities reiterated a “buy” rating and set a $7.00 target price on shares of ServiceSource International in a report on Thursday, June 23rd.
The stock has a 50 day moving average of $3.99 and a 200-day moving average of $4.03. The firm’s market cap is $353.88 million.
ServiceSource International (NASDAQ:SREV) last released its quarterly earnings results on Monday, May 9th. The company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.02. The business had revenue of $59.80 million for the quarter, compared to the consensus estimate of $58.36 million. During the same period last year, the firm posted ($0.01) EPS. The business’s quarterly revenue was down 9.7% on a year-over-year basis. On average, equities analysts expect that ServiceSource International Inc. will post ($0.04) EPS for the current fiscal year.
In related news, Director Richard Campione sold 18,625 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $3.75, for a total transaction of $69,843.75. Following the sale, the director now owns 284,680 shares of the company’s stock, valued at $1,067,550. The sale was disclosed in a filing with the SEC, which is available through 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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