ValuEngine downgraded shares of Servicesource International (NASDAQ:SREV) from a hold rating to a sell rating in a report published on Wednesday morning, ValuEngine reports.

A number of other research firms have also weighed in on SREV. B. Riley set a $2.00 price target on shares of Servicesource International and gave the stock a buy rating in a research report on Friday, February 15th. Zacks Investment Research lowered shares of Servicesource International from a hold rating to a strong sell rating in a research report on Thursday, February 21st. Three analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock currently has an average rating of Sell and an average target price of $1.25.

SREV opened at $1.00 on Wednesday. The company has a market capitalization of $93.31 million, a price-to-earnings ratio of -25.00 and a beta of 1.79. Servicesource International has a 1-year low of $0.85 and a 1-year high of $4.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.26 and a quick ratio of 2.26.

Servicesource International (NASDAQ:SREV) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.02. The business had revenue of $55.51 million during the quarter, compared to analyst estimates of $53.16 million. Servicesource International had a negative net margin of 8.06% and a negative return on equity of 4.20%. Equities research analysts anticipate that Servicesource International will post -0.14 earnings per share for the current fiscal year.

In related news, CEO Gary B. Moore bought 100,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $0.98 per share, for a total transaction of $98,000.00. Following the completion of the transaction, the chief executive officer now owns 806,198 shares in the company, valued at $790,074.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John R. Ferron bought 75,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average price of $0.97 per share, with a total value of $72,750.00. Following the transaction, the director now owns 150,000 shares of the company’s stock, valued at approximately $145,500. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 275,000 shares of company stock valued at $267,750. 9.30% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the stock. Cannell Capital LLC boosted its position in shares of Servicesource International by 28.9% during the first quarter. Cannell Capital LLC now owns 6,271,939 shares of the technology company’s stock worth $5,779,000 after acquiring an additional 1,404,355 shares during the last quarter. BlackRock Inc. boosted its position in shares of Servicesource International by 0.7% during the third quarter. BlackRock Inc. now owns 5,225,749 shares of the technology company’s stock worth $14,893,000 after acquiring an additional 37,659 shares during the last quarter. Prescott Group Capital Management L.L.C. boosted its position in shares of Servicesource International by 176.6% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 4,373,003 shares of the technology company’s stock worth $4,723,000 after acquiring an additional 2,791,851 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Servicesource International by 2.2% during the first quarter. Renaissance Technologies LLC now owns 4,195,816 shares of the technology company’s stock worth $3,866,000 after acquiring an additional 92,176 shares during the last quarter. Finally, J. Goldman & Co LP boosted its position in shares of Servicesource International by 111.5% during the first quarter. J. Goldman & Co LP now owns 1,988,245 shares of the technology company’s stock worth $1,832,000 after acquiring an additional 1,048,245 shares during the last quarter. Hedge funds and other institutional investors own 71.85% of the company’s stock.

Servicesource International Company Profile

ServiceSource International, Inc operates as a digital customer journey experience company. Its solutions include lead generation, inside sales, 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 services, such as the sale of maintenance and support service contracts for the products used by its clients' end-users.

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