ServiceSource International, Inc. (NASDAQ:SREV)‘s stock had its “hold” rating reaffirmed by analysts at Northland Securities in a note issued to investors on Friday. They presently have a $5.25 target price on the technology company’s stock. Northland Securities’ price target points to a potential upside of 48.31% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research lowered ServiceSource International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub lowered ServiceSource International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

Shares of ServiceSource International (NASDAQ SREV) traded up 1.14% during trading on Friday, hitting $3.55. The company had a trading volume of 236,524 shares. The company’s market capitalization is $316.62 million. The stock’s 50-day moving average price is $3.50 and its 200 day moving average price is $3.62. ServiceSource International has a 52 week low of $2.82 and a 52 week high of $6.25.

ServiceSource International (NASDAQ:SREV) last posted its quarterly earnings data on Monday, August 7th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. ServiceSource International had a negative return on equity of 3.70% and a negative net margin of 17.26%. The company had revenue of $58.30 million during the quarter, compared to analysts’ expectations of $56.26 million. During the same quarter in the previous year, the business earned $0.01 EPS. ServiceSource International’s revenue was down 5.9% compared to the same quarter last year. On average, equities research analysts forecast that ServiceSource International will post $0.06 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/10/06/northland-securities-reaffirms-hold-rating-for-servicesource-international-inc-srev.html.

In other ServiceSource International news, Director Steven Cakebread sold 60,853 shares of ServiceSource International stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $3.27, for a total transaction of $198,989.31. Following the completion of the sale, the director now directly owns 64,943 shares of the company’s stock, valued at approximately $212,363.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary B. Moore bought 50,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average cost of $3.38 per share, with a total value of $169,000.00. Following the completion of the transaction, the director now owns 143,627 shares in the company, valued at $485,459.26. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 126,578 shares of company stock valued at $428,289. 30.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SREV. Voya Investment Management LLC raised its position in ServiceSource International by 22.7% during the 2nd quarter. Voya Investment Management LLC now owns 36,641 shares of the technology company’s stock valued at $142,000 after purchasing an additional 6,789 shares in the last quarter. American International Group Inc. raised its position in ServiceSource International by 7.1% during the 1st quarter. American International Group Inc. now owns 37,580 shares of the technology company’s stock valued at $146,000 after purchasing an additional 2,484 shares in the last quarter. Goldman Sachs Group Inc. raised its position in ServiceSource International by 30.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 39,467 shares of the technology company’s stock valued at $153,000 after purchasing an additional 9,284 shares in the last quarter. OxFORD Asset Management LLP raised its position in ServiceSource International by 106.3% during the 2nd quarter. OxFORD Asset Management LLP now owns 40,684 shares of the technology company’s stock valued at $158,000 after purchasing an additional 20,966 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in ServiceSource International by 21.7% during the 2nd quarter. Nationwide Fund Advisors now owns 42,721 shares of the technology company’s stock valued at $166,000 after purchasing an additional 7,607 shares in the last quarter. 74.94% of the stock is owned by institutional investors and hedge funds.

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).

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.