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ServiceSource International (NASDAQ:SREV) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Thursday, Analyst Ratings Net reports. They currently have a $7.00 price target on the stock. Zacks‘ target price would suggest a potential downside of 7.28% from the stock’s previous close.

Shares of ServiceSource International (NASDAQ:SREV) traded up 1.35% during mid-day trading on Thursday, hitting $7.49. 641,736 shares of the company’s stock traded hands. ServiceSource International has a one year low of $5.33 and a one year high of $13.69. The stock has a 50-day moving average of $8.23 and a 200-day moving average of $10.39. The company’s market cap is $606.2 million.

ServiceSource International (NASDAQ:SREV) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $77.20 million for the quarter, compared to the consensus estimate of $77.49 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Analysts expect that ServiceSource International will post $-0.07 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on SREV. Analysts at Dougherty & Co initiated coverage on shares of ServiceSource International in a research note on Monday, December 2nd. They set a “buy” rating on the stock. Analysts at Credit Agricole upgraded shares of ServiceSource International from an “outperform” rating to a “buy” rating in a research note on Friday, November 22nd. They now have a $12.50 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $12.30.

ServiceSource International, Inc (NASDAQ:SREV), formerly ServiceSource International, LLC, is a service revenue management company.

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