ValuEngine Upgrades Support.com (SPRT) to “Hold”
Support.com (NASDAQ:SPRT) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
Support.com (NASDAQ SPRT) traded up $0.03 during trading hours on Tuesday, hitting $2.77. 30,413 shares of the company traded hands, compared to its average volume of 49,917. Support.com has a twelve month low of $1.89 and a twelve month high of $2.99. The company has a market capitalization of $49.78, a PE ratio of -10.65 and a beta of 0.89.
Several large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp grew its stake in shares of Support.com by 6.7% in the second quarter. Northern Trust Corp now owns 50,599 shares of the technology company’s stock valued at $117,000 after buying an additional 3,182 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Support.com by 3.0% in the second quarter. Vanguard Group Inc. now owns 532,759 shares of the technology company’s stock valued at $1,246,000 after buying an additional 15,536 shares in the last quarter. Cornerstone Capital Inc. bought a new position in Support.com during the fourth quarter worth $145,000. Finally, Renaissance Technologies LLC boosted its position in Support.com by 7.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,115,963 shares of the technology company’s stock worth $2,701,000 after purchasing an additional 75,200 shares during the period. 34.83% of the stock is owned by institutional investors and hedge funds.
Support.com, Inc is a provider of cloud-based software and services for technology support. The Company offers outsourced support services for service providers, retailers, Internet of Things (IoT) solution providers and technology companies. It offers technology support services programs for both the consumer and small business markets, and includes computer and mobile device set-up, security and support, virus and malware removal, wireless network set-up, and home security and automation system support.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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