ServiceSource International, Inc. (NASDAQ:SREV) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday, July 12th.

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. “

Separately, TheStreet lowered ServiceSource International from a “c-” rating to a “d+” rating in a research note on Wednesday, April 5th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $5.58.

Shares of ServiceSource International (NASDAQ:SREV) opened at 3.76 on Wednesday. ServiceSource International has a 12-month low of $2.82 and a 12-month high of $6.25. The company’s market cap is $333.17 million. The firm’s 50-day moving average price is $3.79 and its 200 day moving average price is $4.01.

ServiceSource International (NASDAQ:SREV) last released its quarterly earnings data on Monday, August 7th. The technology company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. The business had revenue of $58.30 million during the quarter, compared to analyst estimates of $56.26 million. ServiceSource International had a negative return on equity of 5.65% and a negative net margin of 13.85%. The company’s revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.01 EPS. On average, analysts predict that ServiceSource International will post $0.06 earnings per share for the current year.

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Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new stake in ServiceSource International during the fourth quarter worth approximately $141,000. American International Group Inc. boosted its stake in ServiceSource International by 7.1% in the first quarter. American International Group Inc. now owns 37,580 shares of the technology company’s stock worth $146,000 after buying an additional 2,484 shares during the period. Goldman Sachs Group Inc. boosted its stake in ServiceSource International by 30.8% in the first quarter. Goldman Sachs Group Inc. now owns 39,467 shares of the technology company’s stock worth $153,000 after buying an additional 9,284 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in ServiceSource International by 11.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 43,342 shares of the technology company’s stock worth $168,000 after buying an additional 4,430 shares during the period. Finally, Concourse Capital Management LLC acquired a new stake in ServiceSource International during the first quarter worth approximately $282,000. Hedge funds and other institutional investors own 67.25% 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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