ServiceSource International Inc. (SREV) Trading Up 3.3%
Shares of ServiceSource International Inc. (NASDAQ:SREV) were up 3.3% during mid-day trading on Friday . The company traded as high as $4.38 and last traded at $4.38, with a volume of 285,822 shares traded. The stock had previously closed at $4.24.
A number of analysts recently issued reports on SREV shares. Zacks Investment Research downgraded ServiceSource International from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. JMP Securities restated a “buy” rating and issued a $7.00 price target on shares of ServiceSource International in a research report on Thursday, June 23rd.
The firm’s market capitalization is $373.09 million. The firm has a 50 day moving average of $4.03 and a 200-day moving average of $4.03.
ServiceSource International (NASDAQ:SREV) last posted its quarterly earnings data on Monday, May 9th. The company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.02. The business earned $59.80 million during the quarter, compared to analysts’ expectations of $58.36 million. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.01) earnings per share. Analysts predict that ServiceSource International Inc. will post ($0.04) EPS for the current 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 completion of the sale, the director now directly owns 284,680 shares in the company, valued at $1,067,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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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