SVMK Inc (SVMK) Receives Consensus Recommendation of “Buy” from Analysts

Shares of SVMK Inc (NASDAQ:SVMK) have received an average recommendation of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $14.86.

SVMK has been the topic of several recent research reports. Credit Suisse Group initiated coverage on SVMK in a report on Monday, October 22nd. They set a “neutral” rating and a $13.00 target price on the stock. Bank of America assumed coverage on SVMK in a report on Monday, October 22nd. They issued a “buy” rating and a $16.00 price objective on the stock. SunTrust Banks assumed coverage on SVMK in a report on Monday, October 22nd. They issued a “buy” rating and a $16.00 price objective on the stock. JMP Securities assumed coverage on SVMK in a report on Monday, October 22nd. They issued an “outperform” rating and a $16.00 price objective on the stock. Finally, JPMorgan Chase & Co. assumed coverage on SVMK in a report on Monday, October 22nd. They issued an “overweight” rating and a $15.00 price objective on the stock.

In other SVMK news, President Thomas E. Hale sold 18,016 shares of the company’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $12.40, for a total transaction of $223,398.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Lora D. Blum sold 2,685 shares of the company’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $12.39, for a total value of $33,267.15. The disclosure for this sale can be found here. Insiders have sold 33,104 shares of company stock worth $410,339 over the last 90 days.

A number of large investors have recently added to or reduced their stakes in SVMK. Hsbc Holdings PLC acquired a new position in SVMK during the third quarter worth $160,000. Zimmer Partners LP acquired a new position in SVMK during the third quarter worth $321,000. Janus Henderson Group PLC acquired a new position in SVMK during the third quarter worth $321,000. Glynn Capital Management LLC acquired a new position in SVMK during the third quarter worth $404,000. Finally, Dean Capital Investments Management LLC acquired a new position in SVMK during the third quarter worth $558,000. Institutional investors own 9.28% of the company’s stock.

Shares of SVMK stock traded up $0.34 on Friday, hitting $13.14. 3,852 shares of the company were exchanged, compared to its average volume of 553,737. SVMK has a 1-year low of $10.05 and a 1-year high of $20.00.

SVMK (NASDAQ:SVMK) last issued its earnings results on Tuesday, November 13th. The company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The company had revenue of $65.21 million for the quarter, compared to analyst estimates of $62.93 million. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.13) earnings per share. As a group, analysts expect that SVMK will post -1.41 earnings per share for the current fiscal year.

SVMK Company Profile

SurveyMonkey Inc develops online survey software to Fortune 100 companies, other businesses, academic institutions, organizations, and individuals worldwide. It offers SurveyMonkey that enables users to design and send professional surveys, and perform data analysis, as well as support various projects, teams, and organizations; SurveyMonkey CX, a Net Promoter Score (NPS) solution to collect, understand, and act on customer feedback; and Wufoo, which helps users to create contact forms, online surveys, and invitations.

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Analyst Recommendations for SVMK (NASDAQ:SVMK)

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