Support.com Upgraded to Outperform at Zacks (SPRT)
Support.com (NASDAQ:SPRT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $2.90 price objective on the stock. Zacks‘s price target indicates a potential upside of 21.85% from the company’s current price.
Support.com (NASDAQ:SPRT) traded up 1.26% on Tuesday, hitting $2.41. The stock had a trading volume of 159,907 shares. Support.com has a 52 week low of $2.15 and a 52 week high of $6.28. The stock’s 50-day moving average is $2.45 and its 200-day moving average is $2.51. The company has a market cap of $129.7 million and a P/E ratio of 29.02.
Support.com (NASDAQ:SPRT) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.03. The company had revenue of $20.20 million for the quarter, compared to the consensus estimate of $19.11 million. During the same quarter last year, the company posted $0.07 earnings per share. Support.com’s revenue was up .5% compared to the same quarter last year. On average, analysts predict that Support.com will post $-0.01 earnings per share for the current fiscal year.
Support.com, Inc (NASDAQ:SPRT) provides cloud-based services and software that power technology support programs and technical support organizations.
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