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Servicesource International (NASDAQ:SREV) shares gapped up before the market opened on Thursday after an insider bought additional shares in the company, Analyst Ratings Net reports. The stock had previously closed at $3.52, but opened at $3.58. Servicesource International shares last traded at $3.94, with a volume of 1,820,090 shares trading hands.

Specifically, Director Robert G. Ashe purchased 34,700 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were purchased at an average cost of $3.60 per share, for a total transaction of $124,920.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Servicesource International from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 6th. They now have a $3.10 price target on the stock. Separately, analysts at JMP Securities downgraded shares of Servicesource International from an “outperform” rating to a “market perform” rating in a research note on Friday, August 1st. They now have a $9.00 price target on the stock. Finally, analysts at Northland Securities reiterated an “outperform” rating on shares of Servicesource International in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $8.65.

The stock has a 50-day moving average of $3.99 and a 200-day moving average of $5.8. The company’s market cap is $325.4 million.

Servicesource International (NASDAQ:SREV) last announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.03. The company had revenue of $65.99 million for the quarter, compared to the consensus estimate of $69.72 million. During the same quarter last year, the company posted $0.02 earnings per share. Servicesource International’s revenue was down 2.5% compared to the same quarter last year. Analysts expect that Servicesource International will post $-0.37 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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