Support.com (NASDAQ:SPRT) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
Support.com (NASDAQ:SPRT) traded up $0.03 on Tuesday, reaching $2.77. The company’s stock had a trading volume of 30,413 shares, compared to its average volume of 49,917. The firm has a market capitalization of $49.78, a P/E ratio of -10.65 and a beta of 0.89. Support.com has a 12-month low of $1.89 and a 12-month high of $2.99.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp lifted its position in shares of Support.com by 6.7% during the 2nd quarter. Northern Trust Corp now owns 50,599 shares of the technology company’s stock valued at $117,000 after acquiring an additional 3,182 shares during the last quarter. Cornerstone Capital Inc. acquired a new stake in shares of Support.com during the 4th quarter valued at $145,000. Vanguard Group Inc. lifted its position in shares of Support.com by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 532,759 shares of the technology company’s stock valued at $1,246,000 after acquiring an additional 15,536 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Support.com by 7.2% during the 4th quarter. Renaissance Technologies LLC now owns 1,115,963 shares of the technology company’s stock valued at $2,701,000 after acquiring an additional 75,200 shares during the last quarter. Hedge funds and other institutional investors own 34.83% of the company’s stock.
Support.com, Inc is a provider of cloud-based software and services for technology support. The Company offers outsourced support services for service providers, retailers, Internet of Things (IoT) solution providers and technology companies. It offers technology support services programs for both the consumer and small business markets, and includes computer and mobile device set-up, security and support, virus and malware removal, wireless network set-up, and home security and automation system support.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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