ServiceSource International’s (SREV) Hold Rating Reiterated at Northland Securities

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

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of ServiceSource International from a strong-buy rating to a hold rating in a research note on Wednesday, July 12th. BidaskClub downgraded shares of ServiceSource International from a buy rating to a hold rating in a research note on Monday, July 24th.

Shares of ServiceSource International (SREV) opened at 3.55 on Friday. ServiceSource International has a 52-week low of $2.82 and a 52-week high of $6.25. The stock’s 50 day moving average is $3.51 and its 200 day moving average is $3.62. The stock’s market cap is $316.62 million.

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

COPYRIGHT VIOLATION NOTICE: “ServiceSource International’s (SREV) Hold Rating Reiterated at Northland Securities” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/09/servicesource-internationals-srev-hold-rating-reiterated-at-northland-securities.html.

In related news, Director Bruce Dunlevie purchased 27,438 shares of the business’s stock in a transaction on Monday, August 21st. The shares were bought at an average price of $3.31 per share, with a total value of $90,819.78. Following the completion of the purchase, the director now directly owns 105,816 shares in the company, valued at approximately $350,250.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher Carrington purchased 28,429 shares of the business’s stock in a transaction on Friday, September 8th. The shares were bought at an average cost of $3.50 per share, for a total transaction of $99,501.50. Following the purchase, the chief executive officer now owns 822,473 shares of the company’s stock, valued at $2,878,655.50. The disclosure for this purchase can be found here. Insiders have purchased 126,578 shares of company stock worth $428,289 in the last three months. Insiders own 17.90% of the company’s stock.

Large investors have recently bought and sold shares of the business. Voya Investment Management LLC raised its stake in ServiceSource International by 22.7% during the second quarter. Voya Investment Management LLC now owns 36,641 shares of the technology company’s stock worth $142,000 after purchasing an additional 6,789 shares during the period. American International Group Inc. raised its stake in ServiceSource International by 7.1% during the first quarter. American International Group Inc. now owns 37,580 shares of the technology company’s stock worth $146,000 after purchasing an additional 2,484 shares during the period. Goldman Sachs Group Inc. raised its stake in ServiceSource International by 30.8% during the first quarter. Goldman Sachs Group Inc. now owns 39,467 shares of the technology company’s stock worth $153,000 after purchasing an additional 9,284 shares during the period. OxFORD Asset Management LLP raised its stake in ServiceSource International by 106.3% during the second quarter. OxFORD Asset Management LLP now owns 40,684 shares of the technology company’s stock worth $158,000 after purchasing an additional 20,966 shares during the period. Finally, Nationwide Fund Advisors raised its stake in ServiceSource International by 21.7% during the second quarter. Nationwide Fund Advisors now owns 42,721 shares of the technology company’s stock worth $166,000 after purchasing an additional 7,607 shares during the period. 74.94% of the stock is currently owned by institutional investors.

ServiceSource International Company Profile

ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of ServiceSource International from a strong-buy rating to a hold rating in a research note on Wednesday, July 12th. BidaskClub downgraded shares of ServiceSource International from a buy rating to a hold rating in a research note on Monday, July 24th.

Shares of ServiceSource International (SREV) opened at 3.55 on Friday. ServiceSource International has a 52-week low of $2.82 and a 52-week high of $6.25. The stock’s 50 day moving average is $3.51 and its 200 day moving average is $3.62. The stock’s market cap is $316.62 million.

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

COPYRIGHT VIOLATION NOTICE: “ServiceSource International’s (SREV) Hold Rating Reiterated at Northland Securities” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/09/servicesource-internationals-srev-hold-rating-reiterated-at-northland-securities.html.

In related news, Director Bruce Dunlevie purchased 27,438 shares of the business’s stock in a transaction on Monday, August 21st. The shares were bought at an average price of $3.31 per share, with a total value of $90,819.78. Following the completion of the purchase, the director now directly owns 105,816 shares in the company, valued at approximately $350,250.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher Carrington purchased 28,429 shares of the business’s stock in a transaction on Friday, September 8th. The shares were bought at an average cost of $3.50 per share, for a total transaction of $99,501.50. Following the purchase, the chief executive officer now owns 822,473 shares of the company’s stock, valued at $2,878,655.50. The disclosure for this purchase can be found here. Insiders have purchased 126,578 shares of company stock worth $428,289 in the last three months. Insiders own 17.90% of the company’s stock.

Large investors have recently bought and sold shares of the business. Voya Investment Management LLC raised its stake in ServiceSource International by 22.7% during the second quarter. Voya Investment Management LLC now owns 36,641 shares of the technology company’s stock worth $142,000 after purchasing an additional 6,789 shares during the period. American International Group Inc. raised its stake in ServiceSource International by 7.1% during the first quarter. American International Group Inc. now owns 37,580 shares of the technology company’s stock worth $146,000 after purchasing an additional 2,484 shares during the period. Goldman Sachs Group Inc. raised its stake in ServiceSource International by 30.8% during the first quarter. Goldman Sachs Group Inc. now owns 39,467 shares of the technology company’s stock worth $153,000 after purchasing an additional 9,284 shares during the period. OxFORD Asset Management LLP raised its stake in ServiceSource International by 106.3% during the second quarter. OxFORD Asset Management LLP now owns 40,684 shares of the technology company’s stock worth $158,000 after purchasing an additional 20,966 shares during the period. Finally, Nationwide Fund Advisors raised its stake in ServiceSource International by 21.7% during the second quarter. Nationwide Fund Advisors now owns 42,721 shares of the technology company’s stock worth $166,000 after purchasing an additional 7,607 shares during the period. 74.94% of the stock is currently owned by institutional investors.

ServiceSource International Company Profile

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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