Spok (NASDAQ:SPOK) Stock Rating Upgraded by B. Riley

Spok (NASDAQ:SPOK) was upgraded by analysts at B. Riley to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, StockNews.com upgraded Spok from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.

Spok Stock Up 0.1 %

SPOK stock opened at $16.25 on Thursday. The stock has a market capitalization of $331.81 million, a PE ratio of 22.26 and a beta of 0.40. Spok has a 52 week low of $13.55 and a 52 week high of $17.96. The firm has a 50 day moving average of $15.82 and a 200 day moving average of $16.03.

Spok (NASDAQ:SPOK) last posted its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.07. Spok had a return on equity of 9.20% and a net margin of 10.66%. The business had revenue of $36.29 million for the quarter, compared to the consensus estimate of $34.00 million. On average, equities research analysts expect that Spok will post 0.76 earnings per share for the current year.

Institutional Trading of Spok

A number of hedge funds have recently bought and sold shares of the business. Barclays PLC grew its holdings in Spok by 273.8% in the 3rd quarter. Barclays PLC now owns 24,078 shares of the Wireless communications provider’s stock valued at $362,000 after buying an additional 17,637 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Spok by 67.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 110,997 shares of the Wireless communications provider’s stock valued at $1,782,000 after acquiring an additional 44,896 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Spok by 2,263.5% in the third quarter. JPMorgan Chase & Co. now owns 198,419 shares of the Wireless communications provider’s stock valued at $2,988,000 after purchasing an additional 190,024 shares during the period. Geode Capital Management LLC increased its position in Spok by 4.8% during the third quarter. Geode Capital Management LLC now owns 507,836 shares of the Wireless communications provider’s stock worth $7,649,000 after purchasing an additional 23,367 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in Spok during the fourth quarter worth about $801,000. Institutional investors and hedge funds 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.