SVMK (NASDAQ:SVMK) Shares Gap Down to $15.98

SVMK Inc (NASDAQ:SVMK)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $15.41, but opened at $15.98. SVMK shares last traded at $16.61, with a volume of 60,791 shares traded.

Several research firms have recently weighed in on SVMK. SunTrust Banks reiterated a “buy” rating and set a $22.00 target price on shares of SVMK in a research report on Tuesday, July 30th. ValuEngine downgraded SVMK from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Craig Hallum began coverage on SVMK in a research report on Tuesday, October 15th. They set a “buy” rating and a $25.00 target price for the company. JPMorgan Chase & Co. set a $21.00 target price on SVMK and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Zacks Investment Research upgraded SVMK from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $20.83.

The company has a debt-to-equity ratio of 1.03, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a fifty day moving average of $17.69 and a two-hundred day moving average of $17.34. The stock has a market capitalization of $2.36 billion, a P/E ratio of -11.59 and a beta of 1.72.

In related news, CAO Dharti Patel sold 1,720 shares of SVMK stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $17.30, for a total value of $29,756.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dana L. Evan sold 45,000 shares of SVMK stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $17.40, for a total value of $783,000.00. The disclosure for this sale can be found here. Insiders sold 139,051 shares of company stock valued at $2,427,400 over the last 90 days. 26.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new stake in shares of SVMK in the third quarter valued at about $28,000. Parallel Advisors LLC bought a new stake in shares of SVMK in the second quarter valued at about $36,000. Quantamental Technologies LLC bought a new stake in shares of SVMK in the second quarter valued at about $72,000. State Board of Administration of Florida Retirement System bought a new stake in shares of SVMK in the second quarter valued at about $169,000. Finally, Signition LP bought a new stake in shares of SVMK in the second quarter valued at about $173,000. Hedge funds and other institutional investors own 73.98% of the company’s stock.

SVMK Company Profile (NASDAQ:SVMK)

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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