Servicesource International Inc (NASDAQ:SREV) released its earnings results on Monday. The technology company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). The company had revenue of $56.71 million for the quarter, compared to the consensus estimate of $56.79 million. Servicesource International had a negative net margin of 11.88% and a negative return on equity of 4.59%. Servicesource International’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) EPS.
Servicesource International (NASDAQ:SREV) traded down 0.31% during trading on Friday, hitting $3.17. 130,798 shares of the company traded hands. The firm’s market cap is $280.89 million. The company’s 50-day moving average is $3.58 and its 200 day moving average is $4.71. Servicesource International has a 52-week low of $2.82 and a 52-week high of $6.25.
Several analysts have recently commented on SREV shares. Northland Securities downgraded shares of Servicesource International from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 22nd. Zacks Investment Research raised shares of Servicesource International from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a report on Saturday, May 13th. Finally, TheStreet downgraded shares of Servicesource International from a “c-” rating to a “d+” rating in a report on Wednesday, April 5th.
A number of large investors have recently modified their holdings of the company. Fortaleza Asset Management Inc. bought a new stake in shares of Servicesource International during the fourth quarter valued at $131,000. Russell Investments Group Ltd. bought a new stake in shares of Servicesource International during the fourth quarter valued at $141,000. American International Group Inc. raised its stake in shares of Servicesource International by 7.1% in the first quarter. American International Group Inc. now owns 37,580 shares of the technology company’s stock valued at $146,000 after buying an additional 2,484 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Servicesource International by 30.8% in the first quarter. Goldman Sachs Group Inc. now owns 39,467 shares of the technology company’s stock valued at $153,000 after buying an additional 9,284 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in shares of Servicesource International during the third quarter valued at $160,000. 72.30% of the stock is currently owned by hedge funds and other institutional investors.
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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