ServiceSource International Inc. (SREV) Trading Down 3.2%
ServiceSource International Inc. (NASDAQ:SREV) shares traded down 3.2% on Monday . The stock traded as low as $4.18 and last traded at $4.23, with a volume of 144,357 shares. The stock had previously closed at $4.37.
Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of ServiceSource International from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. JMP Securities reiterated a “buy” rating and set a $7.00 price objective on shares of ServiceSource International in a report on Thursday, June 23rd.
The firm has a 50-day moving average of $4.03 and a 200 day moving average of $4.03. The company’s market cap is $359.43 million.
ServiceSource International (NASDAQ:SREV) last announced its quarterly earnings results on Monday, May 9th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. During the same quarter last year, the company earned ($0.01) earnings per share. The company earned $59.80 million during the quarter, compared to the consensus estimate of $58.36 million. The business’s revenue was down 9.7% on a year-over-year basis. Equities research analysts anticipate that ServiceSource International Inc. will post ($0.04) earnings per share for the current year.
In other ServiceSource International news, Director Richard Campione sold 18,625 shares of the company’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $3.75, for a total value of $69,843.75. Following 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 is accessible through this hyperlink.
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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