Servicesource International Inc (NASDAQ:SREV) was downgraded by research analysts at TheStreet from a “c-” rating to a “d+” rating in a report issued on Wednesday.
Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Servicesource International from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 1st. Northland Securities downgraded shares of Servicesource International from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 22nd.
Servicesource International (NASDAQ:SREV) traded up 0.27% on Wednesday, hitting $3.66. The company’s stock had a trading volume of 104,799 shares. The company’s market capitalization is $323.71 million. The company has a 50 day moving average price of $3.69 and a 200-day moving average price of $4.90. Servicesource International has a 1-year low of $3.50 and a 1-year high of $6.25.
Servicesource International (NASDAQ:SREV) last released its quarterly earnings data on Tuesday, February 21st. The technology company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.01. Servicesource International had a negative return on equity of 4.59% and a negative net margin of 11.88%. The business had revenue of $68.70 million for the quarter, compared to analyst estimates of $70.03 million. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts forecast that Servicesource International will post $0.04 earnings per share for the current fiscal year.
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Several hedge funds have recently made changes to their positions in SREV. Teachers Advisors LLC increased its stake in Servicesource International by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 200,736 shares of the technology company’s stock worth $1,140,000 after buying an additional 2,291 shares during the period. Norges Bank bought a new stake in Servicesource International during the fourth quarter worth about $4,577,000. Fortaleza Asset Management Inc. bought a new stake in Servicesource International during the fourth quarter worth about $131,000. Renaissance Technologies LLC increased its stake in Servicesource International by 17.3% in the fourth quarter. Renaissance Technologies LLC now owns 2,092,046 shares of the technology company’s stock worth $11,883,000 after buying an additional 307,972 shares during the period. Finally, Trexquant Investment LP bought a new stake in Servicesource International during the fourth quarter worth about $169,000. Institutional investors own 72.30% of the company’s stock.
About Servicesource International
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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