Spok (NASDAQ:SPOK) Upgraded by Wall Street Zen to Hold Rating

Spok (NASDAQ:SPOK) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Separately, Weiss Ratings raised Spok from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Spok currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Spok Price Performance

NASDAQ SPOK opened at $10.49 on Friday. The company has a fifty day moving average of $10.76 and a two-hundred day moving average of $11.92. Spok has a 52 week low of $9.95 and a 52 week high of $19.31. The firm has a market capitalization of $219.14 million, a price-to-earnings ratio of 17.48 and a beta of 0.47.

Spok (NASDAQ:SPOK) last posted its quarterly earnings data on Wednesday, April 29th. The Wireless communications provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.09). Spok had a return on equity of 8.64% and a net margin of 9.27%.The firm had revenue of $33.23 million for the quarter, compared to the consensus estimate of $35.00 million. Equities research analysts anticipate that Spok will post 0.66 EPS for the current year.

Insider Activity

In related news, CEO Vincent D. Kelly acquired 5,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of $10.67 per share, for a total transaction of $53,350.00. Following the completion of the acquisition, the chief executive officer directly owned 162,565 shares in the company, valued at $1,734,568.55. The trade was a 3.17% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.28% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co raised its holdings in shares of Spok by 69.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,465 shares of the Wireless communications provider’s stock worth $33,000 after buying an additional 1,013 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Spok by 305.4% during the third quarter. Parallel Advisors LLC now owns 1,796 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 1,353 shares during the last quarter. Empowered Funds LLC purchased a new position in Spok in the 1st quarter worth $166,000. Dimensional Fund Advisors LP lifted its position in Spok by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 715,869 shares of the Wireless communications provider’s stock worth $7,804,000 after acquiring an additional 12,043 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Spok by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 217,803 shares of the Wireless communications provider’s stock valued at $2,374,000 after purchasing an additional 4,987 shares during the last quarter. Institutional investors and hedge funds own 50.81% of the company’s stock.

Spok Company Profile

Spok, Inc is a publicly traded healthcare communications and collaboration company headquartered in Bellevue, Washington. The company specializes in providing secure, real-time clinical communication solutions designed to streamline workflows and enhance patient care. Serving hospitals, health systems, and other healthcare organizations across North America and selected international markets, Spok has positioned itself as a leading provider of secure messaging and nurse call integration.

Spok’s flagship offering, the Spok Care Connect platform, delivers a suite of integrated products, including secure text and voice messaging, alarm and event management, call center solutions, and digital signage.