Spok (NASDAQ:SPOK) Downgraded to Neutral Rating by B. Riley Financial

B. Riley Financial downgraded shares of Spok (NASDAQ:SPOK) from a buy rating to a neutral rating in a research report released on Thursday morning, MarketBeat.com reports. B. Riley Financial currently has $14.00 price objective on the Wireless communications provider’s stock, down from their previous price objective of $21.00.

SPOK has been the topic of several other research reports. Wall Street Zen cut shares of Spok from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Spok in a research report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.00.

Spok Stock Performance

SPOK opened at $11.92 on Thursday. The stock has a market capitalization of $245.55 million, a PE ratio of 15.68 and a beta of 0.41. The stock’s 50 day moving average price is $13.30 and its 200-day moving average price is $14.85. Spok has a 52-week low of $11.81 and a 52-week high of $19.31.

Spok (NASDAQ:SPOK) last released its quarterly earnings results on Wednesday, February 25th. The Wireless communications provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). Spok had a net margin of 11.37% and a return on equity of 10.56%. The company had revenue of $33.86 million during the quarter, compared to the consensus estimate of $34.60 million. Research analysts forecast that Spok will post 0.76 EPS for the current fiscal year.

Spok Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.3125 per share. The ex-dividend date is Monday, March 16th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 10.5%. Spok’s dividend payout ratio is presently 156.25%.

Hedge Funds Weigh In On Spok

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings in shares of Spok by 305.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,796 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 1,353 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Spok by 69.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,465 shares of the Wireless communications provider’s stock valued at $33,000 after buying an additional 1,013 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Spok by 41.7% during the second quarter. Ameritas Investment Partners Inc. now owns 2,080 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 612 shares during the last quarter. McIlrath & Eck LLC increased 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 buying an additional 715 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Spok by 182.8% in the 4th quarter. Royal Bank of Canada now owns 3,100 shares of the Wireless communications provider’s stock worth $40,000 after buying an additional 2,004 shares during the last quarter. 50.81% of the stock is owned by institutional investors.

Trending Headlines about Spok

Here are the key news stories impacting Spok this week:

• Positive Sentiment: Board declared a quarterly cash dividend of $0.3125 per share (annualized yield ~10.1%), payable March 31 to holders of record March 16 — a near-term income catalyst that can attract yield-focused investors.
• Positive Sentiment: Management highlighted strong software growth during the Q4 call, which could support higher-margin recurring revenue over time and is a constructive element in the business mix. Article Title
• Neutral Sentiment: Multiple outlets published the full Q4/ FY2025 results and the earnings transcript/recap — useful for parsing management commentary and slide materials but largely restating results. 01net Houston Chronicle Seeking Alpha
• Negative Sentiment: Reported Q4 EPS of $0.14 missed consensus ($0.18) and revenue of $33.86M missed estimates of $34.60M — results that directly pressured sentiment and valuation metrics. MarketBeat Press Release
• Negative Sentiment: Updated FY‑2026 revenue guidance was trimmed to $136.0M–$143.0M versus consensus ~$144.2M, signaling slower near-term top-line growth and adding downside risk to estimates. (Guidance and slides available in the company release.) Press Release / Slides
• Negative Sentiment: B. Riley downgraded SPOK from Buy to Neutral and cut its price target from $21 to $14, reducing analyst support and likely contributing to selling pressure. Benzinga Finviz

About Spok

Spok, Inc is a publicly traded healthcare communications and collaboration company headquartered in Bellevue, Washington. The company specializes in providing secure, real-time clinical communication solutions designed to streamline workflows and enhance patient care. Serving hospitals, health systems, and other healthcare organizations across North America and selected international markets, Spok has positioned itself as a leading provider of secure messaging and nurse call integration.

Spok’s flagship offering, the Spok Care Connect platform, delivers a suite of integrated products, including secure text and voice messaging, alarm and event management, call center solutions, and digital signage.