ServiceSource International (SREV) Scheduled to Post Quarterly Earnings on Tuesday

ServiceSource International (NASDAQ:SREV – Get Rating) is set to announce its earnings results before the market opens on Tuesday, May 10th. Investors interested in listening to the company’s conference call can do so using this link.

ServiceSource International (NASDAQ:SREV – Get Rating) last released its quarterly earnings results on Wednesday, February 23rd. The technology company reported $0.04 earnings per share for the quarter. ServiceSource International had a negative return on equity of 5.18% and a negative net margin of 7.52%. The business had revenue of $55.80 million during the quarter.

Shares of NASDAQ SREV opened at $1.09 on Tuesday. ServiceSource International has a one year low of $0.93 and a one year high of $1.63. The firm has a market cap of $108.93 million, a price-to-earnings ratio of -7.79 and a beta of 1.68. The firm has a fifty day moving average price of $1.23.

In related news, major shareholder Edenbrook Capital, Llc bought 37,587 shares of the business’s stock in a transaction dated Monday, April 25th. The stock was purchased at an average cost of $1.11 per share, for a total transaction of $41,721.57. Following the transaction, the insider now owns 20,978,987 shares in the company, valued at approximately $23,286,675.57. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have bought 410,278 shares of company stock valued at $515,135. Corporate insiders own 4.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of ServiceSource International by 1.1% during the 4th quarter. BlackRock Inc. now owns 1,266,207 shares of the technology company’s stock valued at $1,253,000 after acquiring an additional 13,916 shares during the period. Millennium Management LLC raised its holdings in shares of ServiceSource International by 2.5% during the 4th quarter. Millennium Management LLC now owns 1,245,846 shares of the technology company’s stock worth $1,234,000 after buying an additional 30,615 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of ServiceSource International by 9.2% during the 3rd quarter. Geode Capital Management LLC now owns 678,163 shares of the technology company’s stock worth $915,000 after buying an additional 57,391 shares in the last quarter. Morgan Stanley raised its holdings in shares of ServiceSource International by 16.0% during the 1st quarter. Morgan Stanley now owns 77,525 shares of the technology company’s stock worth $114,000 after buying an additional 10,705 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of ServiceSource International during the 4th quarter worth $60,000. Hedge funds and other institutional investors own 73.55% of the company’s stock.

Several analysts have weighed in on the stock. StockNews.com began coverage on shares of ServiceSource International in a research note on Wednesday, April 27th. They issued a “hold” rating for the company. TheStreet upgraded ServiceSource International from a “d+” rating to a “c-” rating in a research note on Wednesday, March 2nd.

About ServiceSource International (Get Rating)

ServiceSource International, Inc provides business process-as-a-service solutions worldwide. The company provides digital solutions, including demand qualification, demand conversion, and account management; customer success solutions, such as onboarding, adoption, and renewals management; CJX solutions; and channel management solutions comprise partner recruitment, partner onboarding and enablement, and partner success management.

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