SVMK Inc (NASDAQ:SVMK) SVP Lora D. Blum sold 11,400 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $16.82, for a total transaction of $191,748.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NASDAQ:SVMK traded up $0.33 on Friday, hitting $17.03. The company had a trading volume of 745,600 shares, compared to its average volume of 1,307,297. The company has a market cap of $2.14 billion and a price-to-earnings ratio of -11.91. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.31 and a quick ratio of 1.31. SVMK Inc has a 52 week low of $10.05 and a 52 week high of $20.00.
SVMK (NASDAQ:SVMK) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.13. The company had revenue of $68.64 million during the quarter, compared to the consensus estimate of $68.13 million. SVMK’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.06) EPS. As a group, analysts expect that SVMK Inc will post -0.59 EPS for the current year.
A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of SVMK from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, March 29th. SunTrust Banks upped their price target on shares of SVMK to $19.00 and gave the stock a “positive” rating in a report on Thursday, March 28th. Zacks Investment Research downgraded shares of SVMK from a “hold” rating to a “sell” rating in a report on Wednesday. Stephens assumed coverage on shares of SVMK in a report on Friday, March 22nd. They set an “overweight” rating and a $20.00 price target for the company. Finally, ValuEngine downgraded shares of SVMK from a “buy” rating to a “hold” rating in a report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $16.38.
Large investors have recently modified their holdings of the stock. Strs Ohio bought a new position in SVMK in the 4th quarter valued at approximately $58,000. BNP Paribas Arbitrage SA lifted its stake in SVMK by 3,055.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,786 shares of the company’s stock valued at $69,000 after purchasing an additional 3,666 shares during the last quarter. Deutsche Bank AG bought a new position in SVMK in the 4th quarter valued at approximately $72,000. Legal & General Group Plc bought a new position in SVMK in the 3rd quarter valued at approximately $80,000. Finally, Metropolitan Life Insurance Co. NY bought a new position in SVMK in the 4th quarter valued at approximately $137,000. 59.36% of the stock is owned by institutional investors and hedge funds.
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SVMK Company Profile
SVMK Inc provides survey software products and purpose-built solutions that enable organizations to engage with their customers, employees, and the markets they serve in the United States and internationally. Its cloud-based SaaS platform helps individuals and organizations to design and distribute surveys that generate an average of approximately 20 million answered questions daily across approximately 190 countries and territories.
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