Servicesource International (NASDAQ:SREV) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Servicesource International from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Northland Securities reiterated a “hold” rating and set a $5.25 target price on shares of Servicesource International in a research note on Friday, October 6th.

Shares of Servicesource International (NASDAQ:SREV) opened at $3.19 on Wednesday. Servicesource International has a 12 month low of $2.61 and a 12 month high of $6.05. The firm has a market cap of $286.69, a price-to-earnings ratio of -7.25 and a beta of 1.19.

Servicesource International (NASDAQ:SREV) last released its earnings results on Wednesday, November 8th. The technology company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Servicesource International had a negative net margin of 15.89% and a negative return on equity of 1.35%. The firm had revenue of $58.10 million during the quarter, compared to analyst estimates of $56.55 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. sell-side analysts expect that Servicesource International will post -0.02 earnings per share for the current fiscal year.

In other news, CEO Christopher Carrington purchased 33,900 shares of the stock in a transaction dated Wednesday, November 29th. The stock was acquired at an average price of $2.95 per share, for a total transaction of $100,005.00. Following the completion of the transaction, the chief executive officer now owns 853,202 shares of the company’s stock, valued at $2,516,945.90. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 17.90% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Wolverine Trading LLC lifted its holdings in Servicesource International by 45.7% in the third quarter. Wolverine Trading LLC now owns 67,855 shares of the technology company’s stock worth $235,000 after purchasing an additional 21,275 shares during the period. PEAK6 Investments L.P. acquired a new stake in Servicesource International in the third quarter worth about $105,000. Lyon Street Capital LLC lifted its holdings in Servicesource International by 552.6% in the third quarter. Lyon Street Capital LLC now owns 469,622 shares of the technology company’s stock worth $1,625,000 after purchasing an additional 397,660 shares during the period. OxFORD Asset Management LLP lifted its holdings in Servicesource International by 465.6% in the third quarter. OxFORD Asset Management LLP now owns 230,097 shares of the technology company’s stock worth $801,000 after purchasing an additional 189,413 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Servicesource International by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 599,331 shares of the technology company’s stock worth $2,074,000 after purchasing an additional 26,440 shares during the period. Institutional investors and hedge funds own 68.49% of the company’s stock.

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Servicesource International Company Profile

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).

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