Servicesource International (NASDAQ:SREV) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of Servicesource International (NASDAQ:SREV) from a sell rating to a hold rating in a research note published on Sunday, ValuEngine reports.

Servicesource International stock opened at $0.99 on Friday. The stock has a market cap of $92.37 million, a P/E ratio of -24.75 and a beta of 1.72. Servicesource International has a 52 week low of $0.85 and a 52 week high of $4.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.26 and a quick ratio of 2.26.

Servicesource International (NASDAQ:SREV) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $55.51 million during the quarter, compared to analysts’ expectations of $53.16 million. Servicesource International had a negative return on equity of 4.20% and a negative net margin of 8.06%. As a group, sell-side analysts forecast that Servicesource International will post -0.14 earnings per share for the current year.

In other Servicesource International news, CEO Gary B. Moore purchased 100,000 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were purchased at an average cost of $0.98 per share, with a total value of $98,000.00. Following the purchase, the chief executive officer now owns 806,198 shares in the company, valued at $790,074.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.30% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the business. Rhumbline Advisers boosted its stake in shares of Servicesource International by 43.8% during the 4th quarter. Rhumbline Advisers now owns 96,543 shares of the technology company’s stock valued at $104,000 after purchasing an additional 29,383 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Servicesource International during the 4th quarter valued at about $48,000. Prescott Group Capital Management L.L.C. boosted its stake in shares of Servicesource International by 176.6% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 4,373,003 shares of the technology company’s stock valued at $4,723,000 after purchasing an additional 2,791,851 shares in the last quarter. Standard Life Aberdeen plc bought a new stake in shares of Servicesource International during the 4th quarter valued at about $192,000. Finally, Alambic Investment Management L.P. boosted its stake in shares of Servicesource International by 1,306.5% during the 4th quarter. Alambic Investment Management L.P. now owns 392,418 shares of the technology company’s stock valued at $424,000 after purchasing an additional 364,518 shares in the last quarter. 68.39% of the stock is currently owned by hedge funds and other institutional investors.

About Servicesource International

ServiceSource International, Inc operates as a digital customer journey experience company. Its solutions include lead generation, inside sales, 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 services, such as the sale of maintenance and support service contracts for the products used by its clients' end-users.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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