Equities research analysts expect Servicesource International Inc (NASDAQ:SREV) to announce sales of $53.16 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Servicesource International’s earnings. The lowest sales estimate is $53.00 million and the highest is $53.31 million. Servicesource International posted sales of $58.59 million during the same quarter last year, which would indicate a negative year over year growth rate of 9.3%. The business is scheduled to report its next earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that Servicesource International will report full year sales of $223.52 million for the current financial year, with estimates ranging from $220.53 million to $226.50 million. For the next fiscal year, analysts forecast that the firm will report sales of $230.00 million. Zacks’ sales averages are an average based on a survey of research firms that cover Servicesource International.

Servicesource International (NASDAQ:SREV) last issued its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.03 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.03. The firm had revenue of $61.47 million during the quarter, compared to the consensus estimate of $61.10 million. Servicesource International had a negative return on equity of 5.00% and a negative net margin of 10.44%.

Several brokerages recently weighed in on SREV. Zacks Investment Research lowered Servicesource International from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 21st. ValuEngine downgraded shares of Servicesource International from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, B. Riley downgraded shares of Servicesource International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $1.75 to $1.25 in a research note on Thursday, February 21st. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Servicesource International has an average rating of “Hold” and a consensus target price of $1.25.

NASDAQ SREV traded down $0.01 during midday trading on Friday, hitting $0.90. 1,330 shares of the company traded hands, compared to its average volume of 310,873. The stock has a market capitalization of $84.66 million, a PE ratio of -22.64 and a beta of 1.74. Servicesource International has a 52 week low of $0.85 and a 52 week high of $4.47.

In related news, Director John R. Ferron purchased 75,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were bought at an average price of $0.97 per share, for a total transaction of $72,750.00. Following the acquisition, the director now directly owns 150,000 shares in the company, valued at $145,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Walker purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, February 27th. The stock was bought at an average price of $0.97 per share, for a total transaction of $97,000.00. Following the acquisition, the chief financial officer now owns 554,763 shares in the company, valued at $538,120.11. The disclosure for this purchase can be found here. Corporate insiders own 19.00% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Servicesource International in the 4th quarter valued at approximately $48,000. Brandywine Managers LLC bought a new position in shares of Servicesource International during the 4th quarter worth $82,000. Hamilton Lane Advisors LLC bought a new position in shares of Servicesource International during the 4th quarter worth $98,000. Rhumbline Advisers grew its stake in shares of Servicesource International by 43.8% during the 4th quarter. Rhumbline Advisers now owns 96,543 shares of the technology company’s stock worth $104,000 after acquiring an additional 29,383 shares during the period. Finally, AQR Capital Management LLC bought a new position in shares of Servicesource International during the 3rd quarter worth $478,000. Institutional investors and hedge funds own 73.30% of the company’s stock.

Servicesource International Company Profile

ServiceSource International, Inc operates as a digital customer journey experience company. Its solutions include lead generation, inside sales, outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account-based marketing, and channel recruitment and enablement, as well as renewals management services, such as the sale of maintenance and support service contracts for the products used by its clients' end-users.

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