ServiceSource International, Inc. (NASDAQ:SREV) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “ServiceSource provides a suite of cloud applications for service revenue management. The Company provides end-to-end management and optimization of the service contract renewals process, including data management, quoting, selling and service revenue business intelligence. Its solution is based on the proprietary Service Revenue Intelligence Platform, a data warehouse that incorporates transactional, analytical and industry data gathered from over two million service renewal transactions. The Company’s offering finds its application in all industries. ServiceSource is headquartered in San Francisco, California. “

Separately, TheStreet downgraded ServiceSource International from a “c-” rating to a “d+” rating in a research report on Wednesday, April 5th.

Shares of ServiceSource International (SREV) traded up 0.78% during midday trading on Wednesday, hitting $3.86. The stock had a trading volume of 29,686 shares. The firm’s market cap is $342.03 million. The firm has a 50-day moving average of $3.54 and a 200 day moving average of $4.32. ServiceSource International has a 12-month low of $2.82 and a 12-month high of $6.25.

ServiceSource International (NASDAQ:SREV) last announced its quarterly earnings data on Monday, May 8th. The technology company reported ($0.03) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.03). ServiceSource International had a negative return on equity of 5.65% and a negative net margin of 13.85%. The company had revenue of $56.71 million during the quarter, compared to the consensus estimate of $56.79 million. During the same quarter last year, the company earned ($0.01) EPS. The company’s quarterly revenue was down 1.8% on a year-over-year basis. On average, analysts expect that ServiceSource International will post $0.06 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “ServiceSource International, Inc. (NASDAQ:SREV) Stock Rating Lowered by Zacks Investment Research” was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international trademark and copyright legislation. The legal version of this article can be read at https://www.americanbankingnews.com/2017/07/12/servicesource-international-inc-nasdaqsrev-stock-rating-lowered-by-zacks-investment-research.html.

Several institutional investors have recently bought and sold shares of SREV. Russell Investments Group Ltd. bought a new position in ServiceSource International during the fourth quarter valued at approximately $141,000. Norges Bank bought a new position in ServiceSource International during the fourth quarter valued at approximately $4,577,000. Essex Investment Management Co. LLC increased its position in ServiceSource International by 34.3% in the first quarter. Essex Investment Management Co. LLC now owns 229,374 shares of the technology company’s stock valued at $890,000 after buying an additional 58,545 shares during the period. Primecap Management Co. CA increased its position in ServiceSource International by 0.9% in the first quarter. Primecap Management Co. CA now owns 13,014,636 shares of the technology company’s stock valued at $50,497,000 after buying an additional 116,400 shares during the period. Finally, VIEX Capital Advisors LLC bought a new position in ServiceSource International during the first quarter valued at approximately $3,054,000. Institutional investors and hedge funds own 67.11% of the company’s stock.

About ServiceSource International

ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).

Get a free copy of the Zacks research report on ServiceSource International (SREV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ServiceSource International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceSource International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.