ValuEngine Lowers Servicesource International (SREV) to Sell

Servicesource International (NASDAQ:SREV) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday.

SREV has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Servicesource International from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a report on Thursday, October 19th. BidaskClub upgraded shares of Servicesource International from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $4.63.

Servicesource International (NASDAQ:SREV) traded down $0.05 during trading on Thursday, hitting $3.17. 287,638 shares of the stock were exchanged, compared to its average volume of 395,093. The company has a market cap of $285.79, a P/E ratio of -7.37 and a beta of 1.25. Servicesource International has a fifty-two week low of $2.61 and a fifty-two week high of $6.05.

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

In other news, CEO Christopher Carrington bought 33,900 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were purchased at an average price of $2.95 per share, for a total transaction of $100,005.00. Following the acquisition, the chief executive officer now directly owns 853,202 shares of the company’s stock, valued at approximately $2,516,945.90. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 30.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in SREV. Fuller & Thaler Asset Management Inc. raised its holdings in Servicesource International by 5.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 575,000 shares of the technology company’s stock worth $2,651,000 after acquiring an additional 27,600 shares during the period. Segall Bryant & Hamill LLC bought a new position in Servicesource International in the 4th quarter worth $1,716,000. D. E. Shaw & Co. Inc. raised its holdings in Servicesource International by 2.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 531,745 shares of the technology company’s stock worth $2,451,000 after acquiring an additional 12,505 shares during the period. Granite Investment Partners LLC raised its holdings in Servicesource International by 23.8% in the 1st quarter. Granite Investment Partners LLC now owns 487,443 shares of the technology company’s stock worth $2,077,000 after acquiring an additional 93,854 shares during the period. Finally, BlackRock Group LTD raised its holdings in Servicesource International by 54.8% in the 1st quarter. BlackRock Group LTD now owns 26,007 shares of the technology company’s stock worth $111,000 after acquiring an additional 9,209 shares during the period. Hedge funds and other institutional investors own 68.65% 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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