Support.com (SPRT) Releases Quarterly Earnings Results
Support.com (NASDAQ:SPRT) issued its quarterly earnings data on Wednesday. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.02, AmericanBankingNews.com reports. The company had revenue of $24.90 million for the quarter, compared to the consensus estimate of $24.64 million. During the same quarter last year, the company posted $0.06 earnings per share. Support.com’s revenue was up 31.7% compared to the same quarter last year.
Support.com (NASDAQ:SPRT) remained flat at $2.74 during trading on Wednesday. The stock had a trading volume of 63,867 shares. Support.com has a 52-week low of $2.50 and a 52-week high of $6.28. The stock’s 50-day moving average is $3.07 and its 200-day moving average is $4.5. The company has a market cap of $144.6 million and a price-to-earnings ratio of 15.93.
SPRT has been the subject of a number of recent research reports. Analysts at B. Riley cut their price target on shares of Support.com to $3.00 in a research note on Thursday, January 9th. On a related note, analysts at Craig Hallum downgraded shares of Support.com from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, analysts at Northland Capital Partners downgraded shares of Support.com from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $3.95.
Support.com, Inc (NASDAQ:SPRT) provides cloud-based services and software that power technology support programs and technical support organizations.
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