ServiceSource International Inc. (SREV) Trading Down 3.2%
ServiceSource International Inc. (NASDAQ:SREV)’s share price fell 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 changing hands. The stock had previously closed at $4.37.
Several brokerages have weighed in on SREV. Zacks Investment Research cut ServiceSource International from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. JMP Securities reissued a “buy” rating and set a $7.00 price target on shares of ServiceSource International in a report on Thursday, June 23rd.
The firm’s market capitalization is $363.70 million. The company has a 50-day moving average price of $4.05 and a 200-day moving average price of $4.02.
ServiceSource International (NASDAQ:SREV) last released its 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 in the prior year, the company earned ($0.01) earnings per share. The business 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 analysts expect that ServiceSource International Inc. will post ($0.04) earnings per share for the current fiscal year.
In other news, Director Richard Campione sold 18,625 shares of the company’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 value of $69,843.75. Following the completion of the transaction, the director now directly owns 284,680 shares of the company’s stock, valued at $1,067,550. The transaction was disclosed in a filing with the SEC, 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.