Servicesource International Upgraded to “Neutral” by Zacks (SREV)
Servicesource International (NASDAQ:SREV) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. The firm currently has a $5.80 price objective on the stock. Zacks‘s price target would indicate a potential upside of 2.65% from the stock’s previous close.
A number of other analysts have also recently weighed in on SREV. Analysts at JMP Securities cut their price target on shares of Servicesource International from $15.00 to $9.00 in a research note on Friday, May 2nd. Separately, analysts at Credit Agricole downgraded shares of Servicesource International from a “buy” rating to an “underperform” rating in a research note on Friday, May 2nd. They now have a $6.50 price target on the stock, down previously from $12.50. Finally, analysts at Northland Securities cut their price target on shares of Servicesource International from $13.00 to $9.00 in a research note on Friday, May 2nd. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $10.05.
Servicesource International (NASDAQ:SREV) traded down 5.84% during mid-day trading on Monday, hitting $5.32. The stock had a trading volume of 384,305 shares. Servicesource International has a one year low of $3.95 and a one year high of $13.69. The stock has a 50-day moving average of $4.93 and a 200-day moving average of $7.02. The company’s market cap is $442.1 million.
Servicesource International (NASDAQ:SREV) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.02. The company had revenue of $67.26 million for the quarter, compared to the consensus estimate of $68.56 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Analysts expect that Servicesource International will post $-0.17 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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