ServiceSource International (NASDAQ:SREV) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of ServiceSource International (NASDAQ:SREVGet Rating) in a research note issued on Sunday. The brokerage set a “hold” rating on the technology company’s stock.

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

Shares of NASDAQ SREV opened at $1.46 on Friday. The company has a 50 day simple moving average of $1.27 and a 200-day simple moving average of $1.16. The company has a market capitalization of $145.91 million, a P/E ratio of -16.22 and a beta of 1.68. ServiceSource International has a 1 year low of $0.93 and a 1 year high of $1.63.

ServiceSource International (NASDAQ:SREVGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The technology company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $48.89 million for the quarter. ServiceSource International had a negative return on equity of 0.61% and a negative net margin of 5.14%.

In related news, major shareholder Edenbrook Capital, Llc acquired 37,587 shares of the stock in a transaction that occurred on Monday, April 25th. The stock was purchased at an average price of $1.11 per share, with a total value of $41,721.57. Following the transaction, the insider now owns 20,978,987 shares of the company’s stock, valued at approximately $23,286,675.57. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 60,218 shares of company stock valued at $67,506 in the last ninety days. 3.10% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in ServiceSource International in the 4th quarter valued at approximately $60,000. Morgan Stanley boosted its position in ServiceSource International by 16.0% in the 1st quarter. Morgan Stanley now owns 77,525 shares of the technology company’s stock valued at $114,000 after buying an additional 10,705 shares during the period. Assenagon Asset Management S.A. purchased a new position in ServiceSource International in the 4th quarter valued at approximately $227,000. State Street Corp boosted its position in ServiceSource International by 5.4% in the 1st quarter. State Street Corp now owns 261,529 shares of the technology company’s stock valued at $340,000 after buying an additional 13,396 shares during the period. Finally, Two Sigma Advisers LP boosted its position in ServiceSource International by 11.1% in the 3rd quarter. Two Sigma Advisers LP now owns 284,314 shares of the technology company’s stock valued at $384,000 after buying an additional 28,500 shares during the period. 73.55% of the stock is owned by hedge funds and other institutional investors.

ServiceSource International Company Profile (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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