ServiceSource International Inc. (SREV) Trading 3.3% Higher
ServiceSource International Inc. (NASDAQ:SREV) shares traded up 3.3% on Friday . The stock traded as high as $4.38 and last traded at $4.38, with a volume of 285,822 shares. The stock had previously closed at $4.24.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of ServiceSource International from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Tuesday, May 17th. JMP Securities restated a “buy” rating and set a $7.00 target price on shares of ServiceSource International in a research report on Thursday, June 23rd.
The firm has a 50-day moving average of $4.02 and a 200 day moving average of $4.03. The company’s market cap is $373.52 million.
ServiceSource International (NASDAQ:SREV) last posted its quarterly earnings results on Monday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. The business earned $59.80 million during the quarter, compared to the consensus estimate of $58.36 million. During the same quarter in the previous year, the business posted ($0.01) earnings per share. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. Equities research analysts anticipate that ServiceSource International Inc. will post ($0.04) EPS for the current fiscal year.
In other news, Director Richard Campione sold 18,625 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $3.75, for a total value of $69,843.75. Following the transaction, the director now directly owns 284,680 shares in the company, valued at approximately $1,067,550. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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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