Servicesource International Inc (NASDAQ:SREV)’s share price traded up 5.8% on Thursday . The company traded as high as $1.48 and last traded at $1.46. 1,334,617 shares changed hands during trading, an increase of 163% from the average session volume of 508,159 shares. The stock had previously closed at $1.38.

A number of equities analysts recently commented on the company. BidaskClub cut Servicesource International from a “sell” rating to a “strong sell” rating in a report on Thursday, September 20th. B. Riley set a $5.00 target price on Servicesource International and gave the company a “buy” rating in a report on Friday, September 21st. Zacks Investment Research cut Servicesource International from a “hold” rating to a “strong sell” rating in a report on Saturday, August 11th. Finally, JMP Securities cut Servicesource International from an “outperform” rating to a “market perform” rating in a report on Friday, October 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $2.00.

The firm has a market cap of $126.74 million, a P/E ratio of 18.13 and a beta of 1.81.

In other news, Director Bruce Dunlevie bought 30,335 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was bought at an average cost of $2.98 per share, for a total transaction of $90,398.30. Following the acquisition, the director now directly owns 141,182 shares of the company’s stock, valued at approximately $420,722.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 19.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Servicesource International by 12.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 378,287 shares of the technology company’s stock valued at $1,491,000 after buying an additional 41,787 shares during the period. Millennium Management LLC boosted its stake in shares of Servicesource International by 76.9% in the 2nd quarter. Millennium Management LLC now owns 2,519,445 shares of the technology company’s stock valued at $9,927,000 after buying an additional 1,094,838 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Servicesource International by 42.6% in the 2nd quarter. Renaissance Technologies LLC now owns 4,374,367 shares of the technology company’s stock valued at $17,235,000 after buying an additional 1,307,221 shares during the period. Macquarie Group Ltd. purchased a new position in shares of Servicesource International in the 2nd quarter valued at about $360,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Servicesource International by 28.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,303,232 shares of the technology company’s stock valued at $5,137,000 after buying an additional 291,532 shares during the period. Institutional investors and hedge funds own 71.18% of the company’s stock.

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Servicesource International Company Profile (NASDAQ:SREV)

ServiceSource International, Inc provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company's solutions include outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account-based marketing, and channel recruitment and enablement, as well as renewals management, including the sale of maintenance and support service contracts for the products used by its clients' end-users.

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