Servicesource International’s “Outperform” Rating Reaffirmed at Northland Securities (SREV)
SREV has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Servicesource International from an “underperform” rating to a “neutral” rating in a research note on Monday, July 7th. They now have a $5.80 price target on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $9.33.
Servicesource International (NASDAQ:SREV) traded up 3.19% on Wednesday, hitting $4.53. 1,156,358 shares of the company’s stock traded hands. Servicesource International has a 52-week low of $3.95 and a 52-week high of $13.69. The stock has a 50-day moving average of $5.05 and a 200-day moving average of $6.57. The company’s market cap is $376.4 million.
Servicesource International (NASDAQ:SREV) last announced its earnings results on Thursday, May 1st. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.02) earnings per share. Servicesource International’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Servicesource International will post $-0.16 earnings per share for the current fiscal year.
ServiceSource International, Inc (NASDAQ:SREV), formerly ServiceSource International, LLC, is a service revenue management company.
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