Support.com (NASDAQ:SPRT) Upgraded at TheStreet
TheStreet upgraded shares of Support.com (NASDAQ:SPRT) from a d+ rating to a c+ rating in a report published on Friday, TheStreetRatingsTable reports.
Shares of NASDAQ:SPRT opened at $1.94 on Friday. Support.com has a 52-week low of $1.48 and a 52-week high of $2.78. The business’s 50 day simple moving average is $1.77 and its two-hundred day simple moving average is $1.70. The firm has a market cap of $37.13 million, a P/E ratio of 8.86 and a beta of 0.19.
A number of hedge funds and other institutional investors have recently bought and sold shares of SPRT. Vanguard Group Inc. raised its holdings in Support.com by 31.8% during the second quarter. Vanguard Group Inc. now owns 996,045 shares of the technology company’s stock worth $1,614,000 after buying an additional 240,293 shares during the last quarter. George Kaiser Family Foundation acquired a new position in shares of Support.com during the third quarter valued at about $359,000. Perritt Capital Management Inc. acquired a new position in shares of Support.com during the second quarter valued at about $162,000. JBF Capital Inc. increased its position in shares of Support.com by 24.5% during the second quarter. JBF Capital Inc. now owns 327,757 shares of the technology company’s stock worth $531,000 after acquiring an additional 64,501 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Support.com during the second quarter worth about $33,000. 33.63% of the stock is owned by institutional investors and hedge funds.
Support.com, Inc provides customer support services, end user software, and cloud-based software primarily in the United States. The company offers turnkey and outsourced support services for service providers, retailers, original equipment manufacturers (OEMs), warranty providers, Internet of Things solution providers, and technology companies.
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