ServiceSource International Inc. (NASDAQ:SREV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “ServiceSource provides a suite of cloud applications for service revenue management. The Company provides end-to-end management and optimization of the service contract renewals process, including data management, quoting, selling and service revenue business intelligence. Its solution is based on the proprietary Service Revenue Intelligence Platform, a data warehouse that incorporates transactional, analytical and industry data gathered from over two million service renewal transactions. The Company’s offering finds its application in all industries. ServiceSource is headquartered in San Francisco, California. “

A number of other research firms also recently issued reports on SREV. JMP Securities raised their target price on ServiceSource International from $7.00 to $8.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 24th. TheStreet raised ServiceSource International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 7th.

Shares of ServiceSource International (NASDAQ:SREV) opened at 4.77 on Wednesday. The company’s market capitalization is $409.28 million. ServiceSource International has a 12 month low of $3.35 and a 12 month high of $5.75. The company’s 50 day moving average price is $4.90 and its 200 day moving average price is $4.36.

ServiceSource International (NASDAQ:SREV) last released its earnings results on Monday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. ServiceSource International had a negative return on equity of 7.50% and a negative net margin of 12.68%. The business earned $62 million during the quarter, compared to the consensus estimate of $60.33 million. During the same period last year, the business posted ($0.02) earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that ServiceSource International will post ($0.01) EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of ServiceSource International by 1.9% in the first quarter. Geode Capital Management LLC now owns 455,149 shares of the company’s stock valued at $1,938,000 after buying an additional 8,276 shares during the period. RGM Capital LLC boosted its position in shares of ServiceSource International by 2.7% in the first quarter. RGM Capital LLC now owns 6,571,647 shares of the company’s stock valued at $27,995,000 after buying an additional 171,209 shares during the period. Harvest Capital Strategies LLC boosted its position in shares of ServiceSource International by 5.6% in the first quarter. Harvest Capital Strategies LLC now owns 5,200,000 shares of the company’s stock valued at $22,152,000 after buying an additional 275,000 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in shares of ServiceSource International by 7.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 45,666 shares of the company’s stock valued at $195,000 after buying an additional 3,139 shares during the period. Finally, Prescott Group Capital Management L.L.C. boosted its position in shares of ServiceSource International by 2.2% in the second quarter. Prescott Group Capital Management L.L.C. now owns 3,648,775 shares of the company’s stock valued at $14,705,000 after buying an additional 80,000 shares during the period. Institutional investors own 74.77% of the company’s stock.

About ServiceSource International

ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that improve enterprise revenue relationships. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI). Based on the science of Revenue Lifecycle Management (RLM), the Company provides business to business (B2B) companies with technology-enabled services and solutions that allow growing and retaining revenue from existing customers, directly or through a channel.

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