ServiceSource International EVP Sells $99,068 in Stock (SREV)
ServiceSource International (NASDAQ:SREV) EVP John Boucher sold 7,650 shares of ServiceSource International stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $12.95, for a total transaction of $99,067.50. Following the completion of the transaction, the executive vice president now directly owns 117,350 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on SREV. Analysts at Northland Capital Partners raised their price target on shares of ServiceSource International (NASDAQ:SREV) from $14.00 to $16.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Credit Agricole raised their price target on shares of ServiceSource International (NASDAQ:SREV) from $7.75 to $12.50 in a research note to investors on Monday, August 5th. They now have an “outperform” rating on the stock. Finally, analysts at Northland Securities downgraded shares of ServiceSource International (NASDAQ:SREV) to a “market perform” rating in a research note to investors on Friday, August 2nd.
Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $12.30.
ServiceSource International (NASDAQ:SREV) opened at 13.32 on Wednesday. ServiceSource International has a 1-year low of $4.01 and a 1-year high of $13.34. The stock has a 50-day moving average of $12.11 and a 200-day moving average of $8.72. The company’s market cap is $1.058 billion.
ServiceSource International (NASDAQ:SREV) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.02 EPS for the quarter. The company had revenue of $67.70 million for the quarter, compared to the consensus estimate of $64.90 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts expect that ServiceSource International will post $0.06 EPS for the current fiscal year.
ServiceSource International, Inc (NASDAQ:SREV), formerly ServiceSource International, LLC, is a service revenue management company.
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