Servicesource International Target of Unusually High Options Trading (SREV)
Servicesource International (NASDAQ:SREV) saw some unusual options trading on Monday. Traders acquired 10 put options on the stock, Analyst Ratings Network reports. This represents an increase of 233% compared to the typical daily volume of 3 put options.
In other Servicesource International news, Director Robert G. Ashe purchased 34,700 shares of the stock in a transaction dated Tuesday, August 26th. The stock was purchased at an average cost of $3.60 per share, for a total transaction of $124,920.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on SREV shares. 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 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’s stock. The stock has an average rating of “Hold” and an average target price of $8.65.
Shares of Servicesource International (NASDAQ:SREV) traded down 1.04% on Monday, hitting $3.80. The stock had a trading volume of 901,372 shares. Servicesource International has a one year low of $3.16 and a one year high of $13.69. The stock’s 50-day moving average is $3.92 and its 200-day moving average is $5.83. The company’s market cap is $316.2 million.
Servicesource International (NASDAQ:SREV) last released its earnings data on Thursday, July 31st. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. 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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