ServiceSource International, Inc. (NASDAQ:SREV) CEO Christopher Carrington bought 28,429 shares of the stock in a transaction on Friday, September 8th. The shares were acquired at an average cost of $3.50 per share, for a total transaction of $99,501.50. Following the acquisition, the chief executive officer now directly owns 822,473 shares in the company, valued at $2,878,655.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
ServiceSource International, Inc. (NASDAQ:SREV) opened at 3.53 on Tuesday. The stock’s 50 day moving average is $3.61 and its 200-day moving average is $3.65. The stock’s market capitalization is $314.84 million. ServiceSource International, Inc. has a 52-week low of $2.82 and a 52-week high of $6.25.
ServiceSource International (NASDAQ:SREV) last announced its quarterly earnings data on Monday, August 7th. The technology company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $58.30 million for the quarter, compared to the consensus estimate of $56.26 million. ServiceSource International had a negative net margin of 17.26% and a negative return on equity of 3.70%. The company’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.01 EPS. Equities research analysts anticipate that ServiceSource International, Inc. will post $0.06 EPS for the current fiscal year.
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Several large investors have recently modified their holdings of the business. Primecap Management Co. CA grew its stake in shares of ServiceSource International by 0.9% in the 1st quarter. Primecap Management Co. CA now owns 13,014,636 shares of the technology company’s stock worth $50,497,000 after buying an additional 116,400 shares in the last quarter. RGM Capital LLC boosted its stake in shares of ServiceSource International by 1.1% during the 1st quarter. RGM Capital LLC now owns 7,667,518 shares of the technology company’s stock worth $29,750,000 after purchasing an additional 82,802 shares during the period. Vanguard Group Inc. boosted its stake in shares of ServiceSource International by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,573,405 shares of the technology company’s stock worth $9,984,000 after purchasing an additional 92,847 shares during the period. Renaissance Technologies LLC boosted its stake in shares of ServiceSource International by 4.9% during the 1st quarter. Renaissance Technologies LLC now owns 2,194,646 shares of the technology company’s stock worth $8,515,000 after purchasing an additional 102,600 shares during the period. Finally, State Street Corp boosted its stake in shares of ServiceSource International by 13.0% during the 2nd quarter. State Street Corp now owns 1,135,960 shares of the technology company’s stock worth $4,406,000 after purchasing an additional 130,675 shares during the period. 67.97% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on the stock. BidaskClub cut shares of ServiceSource International from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Zacks Investment Research cut shares of ServiceSource International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Northland Securities set a $5.00 target price on shares of ServiceSource International and gave the company a “hold” rating in a report on Friday, July 28th.
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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