Northland Securities reissued their hold rating on shares of ServiceSource International, Inc. (NASDAQ:SREV) in a report published on Friday. They currently have a $5.25 price objective on the technology company’s stock.

Several other equities research analysts also recently weighed in on SREV. Zacks Investment Research downgraded ServiceSource International from a strong-buy rating to a hold rating in a research report on Wednesday, July 12th. BidaskClub downgraded ServiceSource International from a buy rating to a hold rating in a research report on Monday, July 24th.

Shares of ServiceSource International (NASDAQ SREV) opened at 3.52 on Friday. ServiceSource International has a 12-month low of $2.82 and a 12-month high of $6.25. The firm’s 50-day moving average price is $3.52 and its 200 day moving average price is $3.62. The company’s market cap is $313.95 million.

ServiceSource International (NASDAQ:SREV) last announced its quarterly earnings results on Monday, August 7th. The technology company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $58.30 million for the quarter, compared to the consensus estimate of $56.26 million. ServiceSource International had a negative return on equity of 3.70% and a negative net margin of 17.26%. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. On average, analysts predict that ServiceSource International will post $0.06 earnings per share for the current year.

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In other ServiceSource International news, CEO Christopher Carrington bought 28,429 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were purchased at an average cost of $3.50 per share, for a total transaction of $99,501.50. Following the transaction, the chief executive officer now directly owns 822,473 shares of the company’s stock, valued at $2,878,655.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Bruce Dunlevie bought 20,711 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average price of $3.33 per share, for a total transaction of $68,967.63. Following the completion of the transaction, the director now directly owns 105,816 shares in the company, valued at $352,367.28. The disclosure for this purchase can be found here. Insiders have bought a total of 126,578 shares of company stock worth $428,289 over the last 90 days. Insiders own 17.90% of the company’s stock.

Several large investors have recently bought and sold shares of SREV. Voya Investment Management LLC grew its position in shares of ServiceSource International by 22.7% during the 2nd quarter. Voya Investment Management LLC now owns 36,641 shares of the technology company’s stock valued at $142,000 after acquiring an additional 6,789 shares during the period. American International Group Inc. grew its position in shares of ServiceSource International by 7.1% during the 1st quarter. American International Group Inc. now owns 37,580 shares of the technology company’s stock valued at $146,000 after acquiring an additional 2,484 shares during the period. Goldman Sachs Group Inc. grew its position in shares of ServiceSource International by 30.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 39,467 shares of the technology company’s stock valued at $153,000 after acquiring an additional 9,284 shares during the period. OxFORD Asset Management LLP grew its position in shares of ServiceSource International by 106.3% during the 2nd quarter. OxFORD Asset Management LLP now owns 40,684 shares of the technology company’s stock valued at $158,000 after acquiring an additional 20,966 shares during the period. Finally, Nationwide Fund Advisors grew its position in shares of ServiceSource International by 21.7% during the 2nd quarter. Nationwide Fund Advisors now owns 42,721 shares of the technology company’s stock valued at $166,000 after acquiring an additional 7,607 shares during the period. Hedge funds and other institutional investors own 74.94% of the company’s stock.

About ServiceSource International

ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).

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