SREV opened at $0.97 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.32. Servicesource International has a 1-year low of $0.85 and a 1-year high of $4.06. The company has a market capitalization of $92.38 million, a P/E ratio of -24.25 and a beta of 1.71. The stock has a 50 day simple moving average of $1.01.
Servicesource International (NASDAQ:SREV) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. Servicesource International had a negative net margin of 8.06% and a negative return on equity of 4.20%. The business had revenue of $55.51 million for the quarter, compared to the consensus estimate of $53.16 million. As a group, research analysts expect that Servicesource International will post -0.14 earnings per share for the current year.
In other Servicesource International news, CEO Gary B. Moore purchased 100,000 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were acquired at an average cost 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 of the company’s stock, valued at $790,074.04. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.30% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Fiduciary Trust Co. bought a new stake in shares of Servicesource International during the 1st quarter valued at $31,000. SG Americas Securities LLC bought a new stake in shares of Servicesource International during the 4th quarter valued at $48,000. Brandywine Managers LLC bought a new stake in shares of Servicesource International during the 4th quarter valued at $82,000. Rhumbline Advisers raised its position in shares of Servicesource International by 43.8% during the 4th quarter. Rhumbline Advisers now owns 96,543 shares of the technology company’s stock valued at $104,000 after purchasing an additional 29,383 shares during the period. Finally, Cowen Prime Services LLC raised its position in shares of Servicesource International by 2,100.0% during the 1st quarter. Cowen Prime Services LLC now owns 110,000 shares of the technology company’s stock valued at $101,000 after purchasing an additional 105,000 shares during the period. Hedge funds and other institutional investors own 68.39% of the company’s stock.
About Servicesource International
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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