Servicesource International (NASDAQ:SREV) Lowered to Sell at ValuEngine

Servicesource International (NASDAQ:SREV) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, ValuEngine reports.

Several other brokerages have also issued reports on SREV. Zacks Investment Research raised Servicesource International from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a research report on Wednesday, October 30th. B. Riley raised Servicesource International from a “neutral” rating to a “buy” rating and set a $1.50 target price for the company in a research report on Thursday, October 31st.

Shares of Servicesource International stock opened at $1.46 on Thursday. Servicesource International has a 1 year low of $0.70 and a 1 year high of $1.47. The firm has a market cap of $120.95 million, a PE ratio of -36.50 and a beta of 1.50. The stock has a fifty day moving average price of $1.01 and a 200-day moving average price of $0.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.20 and a quick ratio of 2.20.

Servicesource International (NASDAQ:SREV) last announced its earnings results on Tuesday, October 29th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. Servicesource International had a negative return on equity of 5.37% and a negative net margin of 6.25%. The firm had revenue of $53.40 million during the quarter, compared to analyst estimates of $49.00 million. As a group, equities analysts anticipate that Servicesource International will post -0.1 EPS for the current fiscal year.

In other news, CEO Gary B. Moore acquired 117,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average price of $0.86 per share, with a total value of $100,620.00. Following the acquisition, the chief executive officer now owns 818,241 shares in the company, valued at approximately $703,687.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Horrell Capital Management Inc. increased its holdings in Servicesource International by 8.2% in the 3rd quarter. Horrell Capital Management Inc. now owns 1,000,400 shares of the technology company’s stock worth $880,000 after acquiring an additional 75,400 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Servicesource International by 47.2% in the 2nd quarter. Acadian Asset Management LLC now owns 713,245 shares of the technology company’s stock worth $677,000 after acquiring an additional 228,669 shares during the last quarter. Cowen Prime Services LLC increased its holdings in Servicesource International by 281.6% in the 2nd quarter. Cowen Prime Services LLC now owns 419,724 shares of the technology company’s stock worth $399,000 after acquiring an additional 309,724 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Servicesource International in the 2nd quarter worth about $336,000. Finally, Jane Street Group LLC purchased a new stake in Servicesource International in the 2nd quarter worth about $206,000. 61.04% of the stock is owned by institutional investors.

About Servicesource International

ServiceSource International, Inc operates as a digital customer journey experience company. Its solutions include lead generation, inside sales, outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account-based marketing, and channel recruitment and enablement, as well as renewals management services, such as the sale of maintenance and support service contracts for the products used by its clients' end-users.

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