Servicesource International Inc (NASDAQ:SREV)’s share price was down 2.5% during mid-day trading on Thursday . The company traded as low as $1.20 and last traded at $1.19. Approximately 7,518 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 592,737 shares. The stock had previously closed at $1.22.

A number of equities analysts have recently issued reports on SREV shares. B. Riley restated a “buy” rating and issued a $3.00 price objective on shares of Servicesource International in a research note on Friday, October 19th. JMP Securities cut shares of Servicesource International from an “outperform” rating to a “market perform” rating in a research report on Friday, October 19th. Zacks Investment Research upgraded shares of Servicesource International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, BidaskClub cut shares of Servicesource International from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $2.00.

The stock has a market capitalization of $113.12 million, a PE ratio of 14.88 and a beta of 1.86. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 0.32.

Servicesource International (NASDAQ:SREV) last announced its earnings results on Wednesday, November 7th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $57.17 million during the quarter, compared to analysts’ expectations of $56.98 million. Servicesource International had a negative net margin of 11.15% and a negative return on equity of 2.70%. Equities research analysts expect that Servicesource International Inc will post -0.07 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Algert Global LLC bought a new stake in Servicesource International during the 2nd quarter worth about $249,000. Citadel Advisors LLC grew its holdings in Servicesource International by 748.9% during the 2nd quarter. Citadel Advisors LLC now owns 87,807 shares of the technology company’s stock worth $346,000 after acquiring an additional 77,463 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Servicesource International during the 2nd quarter worth about $360,000. Rhumbline Advisers grew its holdings in Servicesource International by 61.1% during the 2nd quarter. Rhumbline Advisers now owns 108,060 shares of the technology company’s stock worth $426,000 after acquiring an additional 40,995 shares during the last quarter. Finally, Chicago Equity Partners LLC grew its holdings in Servicesource International by 11.3% during the 2nd quarter. Chicago Equity Partners LLC now owns 150,015 shares of the technology company’s stock worth $591,000 after acquiring an additional 15,220 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

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About Servicesource International (NASDAQ:SREV)

ServiceSource International, Inc provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company's solutions include outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account-based marketing, and channel recruitment and enablement, as well as renewals management, including the sale of maintenance and support service contracts for the products used by its clients' end-users.

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