Servicesource International Inc (NASDAQ:SREV) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,161,012 shares, a drop of 42.1% from the February 15th total of 2,006,148 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average daily volume of 521,254 shares, the days-to-cover ratio is currently 2.2 days.
Shares of Servicesource International (NASDAQ:SREV) opened at $4.06 on Tuesday. The firm has a market capitalization of $368.93, a P/E ratio of -11.94 and a beta of 1.11. Servicesource International has a 12-month low of $2.61 and a 12-month high of $4.17.
Servicesource International (NASDAQ:SREV) last posted its quarterly earnings data on Monday, February 12th. The technology company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The business had revenue of $66.00 million for the quarter, compared to analysts’ expectations of $62.49 million. Servicesource International had a positive return on equity of 4.46% and a negative net margin of 12.48%. The business’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 EPS. equities analysts predict that Servicesource International will post 0.1 EPS for the current year.
Several analysts recently issued reports on SREV shares. Zacks Investment Research cut Servicesource International from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. BidaskClub raised Servicesource International from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, ValuEngine cut Servicesource International from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.63.
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).
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