Servicesource International (NASDAQ:SREV) was downgraded by JMP Securities from an “outperform” rating to a “market perform” rating in a research note issued to investors on Friday, October 19th, Marketbeat.com reports.
Several other brokerages have also commented on SREV. BidaskClub upgraded Servicesource International from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Zacks Investment Research lowered Servicesource International from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 11th. Finally, B. Riley set a $5.00 price target on Servicesource International and gave the stock a “buy” rating in a research note on Friday, September 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $2.00.
NASDAQ:SREV traded down $0.01 on Friday, hitting $1.45. 1,055,618 shares of the stock were exchanged, compared to its average volume of 1,730,028. The firm has a market capitalization of $126.74 million, a PE ratio of 18.13 and a beta of 1.81. Servicesource International has a fifty-two week low of $1.23 and a fifty-two week high of $4.47.
Hedge funds have recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new stake in shares of Servicesource International in the first quarter valued at about $143,000. Algert Global LLC acquired a new stake in shares of Servicesource International in the second quarter valued at about $249,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Servicesource International in the first quarter valued at about $288,000. Citadel Advisors LLC grew its stake in shares of Servicesource International by 748.9% in the second quarter. Citadel Advisors LLC now owns 87,807 shares of the technology company’s stock valued at $346,000 after buying an additional 77,463 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in shares of Servicesource International in the second quarter valued at about $360,000. Institutional investors and hedge funds own 71.18% of the company’s stock.
Servicesource International Company Profile
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.
Further Reading: Correction
Receive News & Ratings for Servicesource International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Servicesource International and related companies with MarketBeat.com's FREE daily email newsletter.