Analysts Expect SVMK Inc (NASDAQ:SVMK) Will Announce Quarterly Sales of $77.86 Million

Brokerages expect SVMK Inc (NASDAQ:SVMK) to post $77.86 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for SVMK’s earnings, with estimates ranging from $77.72 million to $78.00 million. SVMK posted sales of $65.21 million in the same quarter last year, which suggests a positive year-over-year growth rate of 19.4%. The firm is expected to announce its next quarterly earnings results on Tuesday, November 12th.

On average, analysts expect that SVMK will report full-year sales of $305.96 million for the current year, with estimates ranging from $305.50 million to $306.42 million. For the next fiscal year, analysts forecast that the firm will report sales of $367.66 million, with estimates ranging from $358.42 million to $376.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow SVMK.

SVMK (NASDAQ:SVMK) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. SVMK had a negative return on equity of 25.79% and a negative net margin of 59.16%. The company had revenue of $75.14 million for the quarter, compared to analysts’ expectations of $72.72 million. During the same period in the prior year, the firm earned ($0.02) earnings per share. The firm’s revenue was up 19.8% compared to the same quarter last year.

A number of research analysts have commented on SVMK shares. ValuEngine cut SVMK from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. SunTrust Banks restated a “buy” rating and set a $22.00 price target on shares of SVMK in a research note on Tuesday, July 30th. UBS Group upgraded SVMK from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.00 to $24.00 in a research note on Friday, August 2nd. JPMorgan Chase & Co. set a $21.00 price target on SVMK and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Zacks Investment Research upgraded SVMK from a “sell” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $18.13.

NASDAQ:SVMK traded down $0.46 during trading hours on Friday, reaching $17.80. 28,051 shares of the stock were exchanged, compared to its average volume of 1,320,818. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.03. The business has a 50-day moving average of $17.44 and a two-hundred day moving average of $17.26. SVMK has a twelve month low of $10.05 and a twelve month high of $19.82. The company has a market capitalization of $2.42 billion and a price-to-earnings ratio of -12.53.

In other news, Director Dana L. Evan sold 45,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $17.40, for a total transaction of $783,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Alexander J. Lurie sold 108,889 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $16.87, for a total value of $1,836,957.43. The disclosure for this sale can be found here. Insiders have sold 272,639 shares of company stock worth $4,711,324 in the last ninety days. Corporate insiders own 26.30% of the company’s stock.

A number of large investors have recently bought and sold shares of SVMK. Parallel Advisors LLC purchased a new position in SVMK in the second quarter valued at $36,000. BNP Paribas Arbitrage SA increased its holdings in SVMK by 3,055.0% in the first quarter. BNP Paribas Arbitrage SA now owns 3,786 shares of the company’s stock valued at $69,000 after buying an additional 3,666 shares during the last quarter. Quantamental Technologies LLC purchased a new position in SVMK in the second quarter valued at $72,000. State Board of Administration of Florida Retirement System purchased a new position in SVMK in the second quarter valued at $169,000. Finally, Signition LP purchased a new position in SVMK in the second quarter valued at $173,000. 76.65% of the stock is currently owned by hedge funds and other institutional investors.

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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