Servicesource International (SREV) Earns Media Sentiment Score of 0.09
Media coverage about Servicesource International (NASDAQ:SREV) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Servicesource International earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.7887218594021 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
SREV has been the subject of several recent analyst reports. Zacks Investment Research upgraded Servicesource International from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research report on Thursday, October 19th. Northland Securities restated a “hold” rating and set a $5.25 target price on shares of Servicesource International in a research report on Friday, October 6th. Finally, BidaskClub upgraded Servicesource International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 12th.
Shares of Servicesource International (NASDAQ:SREV) opened at $3.18 on Friday. Servicesource International has a 12 month low of $2.61 and a 12 month high of $6.05. The firm has a market cap of $289.42, a P/E ratio of -7.40 and a beta of 1.19.
Servicesource International (NASDAQ:SREV) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. Servicesource International had a negative net margin of 15.89% and a negative return on equity of 1.35%. The firm had revenue of $58.10 million during the quarter, compared to the consensus estimate of $56.55 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The company’s revenue was down 7.0% on a year-over-year basis. equities analysts predict that Servicesource International will post -0.02 earnings per share for the current fiscal year.
In related news, CEO Christopher Carrington purchased 33,900 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was purchased at an average price of $2.95 per share, with a total value of $100,005.00. Following the completion of the purchase, the chief executive officer now owns 853,202 shares of the company’s stock, valued at approximately $2,516,945.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 30.30% of the company’s stock.
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Servicesource International Company Profile
ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).
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