Spok (NASDAQ:SPOK) Upgraded by StockNews.com to “Strong-Buy” Rating

Spok (NASDAQ:SPOK) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

Separately, B. Riley raised shares of Spok from a “neutral” rating to a “buy” rating and lifted their price target for the company from $15.00 to $20.00 in a research note on Thursday, February 27th.

Spok Stock Down 9.1 %

Shares of Spok stock opened at $13.82 on Tuesday. The firm has a market capitalization of $282.19 million, a P/E ratio of 18.93 and a beta of 0.40. The company has a 50 day moving average price of $15.94 and a 200 day moving average price of $16.03. Spok has a 52 week low of $13.24 and a 52 week high of $17.96.

Spok (NASDAQ:SPOK) last posted its quarterly earnings results on Wednesday, February 26th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Spok had a return on equity of 9.20% and a net margin of 10.66%. The business had revenue of $33.89 million for the quarter, compared to analysts’ expectations of $35.50 million. As a group, research analysts anticipate that Spok will post 0.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Spok

Hedge funds have recently made changes to their positions in the stock. New Age Alpha Advisors LLC purchased a new position in shares of Spok during the 4th quarter worth approximately $34,000. Legal & General Group Plc boosted its position in Spok by 57.8% in the 4th quarter. Legal & General Group Plc now owns 5,546 shares of the Wireless communications provider’s stock valued at $89,000 after buying an additional 2,031 shares during the period. Lazard Asset Management LLC boosted its position in Spok by 30.8% in the 4th quarter. Lazard Asset Management LLC now owns 5,868 shares of the Wireless communications provider’s stock valued at $94,000 after buying an additional 1,383 shares during the period. GAMMA Investing LLC raised its holdings in shares of Spok by 2,378.4% in the 1st quarter. GAMMA Investing LLC now owns 9,864 shares of the Wireless communications provider’s stock valued at $162,000 after purchasing an additional 9,466 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of Spok in the 4th quarter valued at $183,000. Hedge funds and other institutional investors own 50.81% of the company’s stock.

About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.