Spok (NASDAQ:SPOK) Rating Lowered to “Hold” at Wall Street Zen

Spok (NASDAQ:SPOK) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Spok in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, Spok currently has an average rating of “Strong Buy” and an average price target of $20.00.

Spok Stock Performance

Shares of Spok stock opened at $14.29 on Friday. Spok has a 52-week low of $13.36 and a 52-week high of $19.31. The company has a fifty day moving average of $16.80 and a 200-day moving average of $16.89. The stock has a market capitalization of $294.25 million, a price-to-earnings ratio of 17.86 and a beta of 0.49.

Spok (NASDAQ:SPOK) last posted its quarterly earnings results on Wednesday, October 29th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). Spok had a net margin of 11.88% and a return on equity of 10.88%. The business had revenue of $33.87 million for the quarter, compared to analysts’ expectations of $35.90 million. Spok has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Spok will post 0.76 earnings per share for the current fiscal year.

Insider Transactions at Spok

In related news, COO Michael W. Wallace sold 10,806 shares of Spok stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $17.87, for a total transaction of $193,103.22. Following the sale, the chief operating officer directly owned 40,369 shares in the company, valued at $721,394.03. The trade was a 21.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vincent D. Kelly sold 25,000 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $17.69, for a total value of $442,250.00. Following the completion of the sale, the chief executive officer directly owned 102,817 shares in the company, valued at approximately $1,818,832.73. The trade was a 19.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 7.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Signaturefd LLC increased its holdings in shares of Spok by 339.9% in the 2nd quarter. Signaturefd LLC now owns 1,421 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 1,098 shares in the last quarter. CWM LLC increased its stake in shares of Spok by 309.2% in the 1st quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 1,317 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Spok by 41.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,080 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 612 shares in the last quarter. McIlrath & Eck LLC raised its holdings in Spok by 49.3% in the 3rd quarter. McIlrath & Eck LLC now owns 2,166 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 715 shares during the period. Finally, SBI Securities Co. Ltd. lifted its position in Spok by 62.2% during the first quarter. SBI Securities Co. Ltd. now owns 2,200 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 844 shares in the last quarter. 50.81% of the stock is owned by hedge funds and other institutional investors.

Spok Company Profile

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.