ServiceSource International (SREV) Given News Sentiment Rating of 0.21
News headlines about ServiceSource International (NASDAQ:SREV) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ServiceSource International earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.6763295736065 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
ServiceSource International (SREV) traded down 1.39% during trading on Wednesday, hitting $3.55. 251,145 shares of the stock were exchanged. The firm’s market capitalization is $316.62 million. The company has a 50-day moving average price of $3.52 and a 200 day moving average price of $3.61. ServiceSource International has a 1-year low of $2.82 and a 1-year high of $6.25.
ServiceSource International (NASDAQ:SREV) last announced its quarterly earnings data on Monday, August 7th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. The company had revenue of $58.30 million during the quarter, compared to the consensus estimate of $56.26 million. ServiceSource International had a negative return on equity of 3.70% and a negative net margin of 17.26%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 EPS. Equities analysts predict that ServiceSource International will post $0.06 earnings per share for the current fiscal year.
SREV has been the subject of a number of research reports. Zacks Investment Research lowered shares of ServiceSource International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Northland Securities reiterated a “hold” rating and set a $5.25 target price on shares of ServiceSource International in a research report on Friday, October 6th. Finally, BidaskClub lowered shares of ServiceSource International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
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In related news, CEO Christopher Carrington acquired 28,429 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was bought at an average cost of $3.50 per share, for a total transaction of $99,501.50. Following the purchase, the chief executive officer now owns 822,473 shares in the company, valued at approximately $2,878,655.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven Cakebread sold 29,692 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $3.22, for a total value of $95,608.24. Following the transaction, the director now owns 64,943 shares of the company’s stock, valued at $209,116.46. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 126,578 shares of company stock valued at $428,289. 17.90% of the stock is currently owned by corporate insiders.
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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