Servicesource International (NASDAQ:SREV) has been given a $2.00 target price by investment analysts at B. Riley in a report released on Thursday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the technology company’s stock. B. Riley’s price target points to a potential upside of 37.93% from the stock’s current price.
Other analysts have also issued research reports about the stock. BidaskClub raised shares of Servicesource International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Zacks Investment Research raised shares of Servicesource International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, JMP Securities lowered shares of Servicesource International from an “outperform” rating to a “market perform” rating in a research report on Friday, October 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Servicesource International presently has an average rating of “Hold” and a consensus target price of $2.00.
NASDAQ SREV opened at $1.45 on Thursday. Servicesource International has a 12-month low of $1.23 and a 12-month high of $4.47. The company has a market capitalization of $126.74 million, a PE ratio of 18.13 and a beta of 1.81.
Large investors have recently modified their holdings of the stock. Algert Global LLC purchased a new position in Servicesource International during the second quarter valued at approximately $249,000. Citadel Advisors LLC grew its stake in Servicesource International by 748.9% during the second quarter. Citadel Advisors LLC now owns 87,807 shares of the technology company’s stock valued at $346,000 after acquiring an additional 77,463 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Servicesource International during the second quarter valued at approximately $360,000. Rhumbline Advisers grew its stake in Servicesource International by 61.1% during the second quarter. Rhumbline Advisers now owns 108,060 shares of the technology company’s stock valued at $426,000 after acquiring an additional 40,995 shares in the last quarter. Finally, Chicago Equity Partners LLC grew its stake in Servicesource International by 11.3% during the second quarter. Chicago Equity Partners LLC now owns 150,015 shares of the technology company’s stock valued at $591,000 after acquiring an additional 15,220 shares in the last quarter. 71.18% of the stock is owned by institutional investors.
Servicesource International Company Profile
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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