ServiceSource International (NASDAQ:SREV) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of ServiceSource International (NASDAQ:SREVGet Rating) in a report released on Thursday. The firm set a “hold” rating on the technology company’s stock.

Separately, TheStreet upgraded ServiceSource International from a “d+” rating to a “c-” rating in a research report on Wednesday, March 2nd.

Shares of NASDAQ SREV opened at $1.10 on Thursday. The business’s 50 day moving average is $1.23 and its two-hundred day moving average is $1.15. ServiceSource International has a 1-year low of $0.93 and a 1-year high of $1.63. The stock has a market capitalization of $109.93 million, a P/E ratio of -7.86 and a beta of 1.68.

ServiceSource International (NASDAQ:SREVGet Rating) last issued its quarterly earnings data 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 company had revenue of $55.80 million for the quarter.

In other ServiceSource International news, major shareholder Edenbrook Capital, Llc bought 37,587 shares of the company’s stock in a transaction on Monday, April 25th. The stock was acquired at an average price of $1.11 per share, for a total transaction of $41,721.57. Following the completion of the transaction, the insider now directly owns 20,978,987 shares of the company’s stock, valued at $23,286,675.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have acquired 408,678 shares of company stock valued at $513,535 in the last 90 days. Company insiders own 4.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. purchased a new stake in shares of ServiceSource International in the fourth quarter valued at approximately $227,000. Horrell Capital Management Inc. boosted its holdings in shares of ServiceSource International by 7.0% in the fourth quarter. Horrell Capital Management Inc. now owns 1,150,000 shares of the technology company’s stock valued at $1,139,000 after purchasing an additional 75,000 shares during the period. AMH Equity Ltd purchased a new stake in shares of ServiceSource International in the fourth quarter valued at approximately $2,222,000. Two Sigma Advisers LP boosted its holdings in shares of ServiceSource International by 11.1% in the third quarter. Two Sigma Advisers LP now owns 284,314 shares of the technology company’s stock valued at $384,000 after purchasing an additional 28,500 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of ServiceSource International by 1.1% in the fourth quarter. BlackRock Inc. now owns 1,266,207 shares of the technology company’s stock valued at $1,253,000 after purchasing an additional 13,916 shares during the period. Hedge funds and other institutional investors own 73.55% of the company’s stock.

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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