Insider Selling: Jay Ackerman Sells 15,000 Shares of ServiceSource International Stock (SREV)
ServiceSource International (NASDAQ:SREV) Insider Jay Ackerman sold 15,000 shares of ServiceSource International stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $12.29, for a total value of $184,350.00. Following the completion of the sale, the insider now directly owns 130,000 shares of the company’s stock, valued at approximately $1,597,700. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
SREV has been the subject of a number of recent research reports. 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, September 9th. 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. ServiceSource International currently has a consensus rating of “Buy” and an average price target of $12.30.
Shares of ServiceSource International (NASDAQ:SREV) traded up 2.57% during mid-day trading on Friday, hitting $12.37. The stock had a trading volume of 485,654 shares. ServiceSource International has a 52 week low of $4.01 and a 52 week high of $13.69. The stock’s 50-day moving average is $12.49 and its 200-day moving average is $9.45. The company’s market cap is $982.3 million.
ServiceSource International (NASDAQ:SREV) last announced its 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.
ServiceSource International, Inc (NASDAQ:SREV), formerly ServiceSource International, LLC, is a service revenue management company.
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