Servicesource International Inc (NASDAQ:SREV) CEO Gary B. Moore purchased 117,000 shares of Servicesource International stock in a transaction dated Monday, August 19th. The shares were bought at an average cost of $0.86 per share, for a total transaction of $100,620.00. Following the transaction, the chief executive officer now directly owns 818,241 shares of the company’s stock, valued at approximately $703,687.26. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of NASDAQ SREV opened at $0.91 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.24 and a quick ratio of 2.24. The firm’s 50-day moving average price is $0.90 and its two-hundred day moving average price is $0.98. Servicesource International Inc has a 52-week low of $0.70 and a 52-week high of $3.32.
Servicesource International (NASDAQ:SREV) last issued its earnings results on Wednesday, August 7th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.01. Servicesource International had a negative net margin of 7.11% and a negative return on equity of 5.03%. The firm had revenue of $52.36 million for the quarter, compared to analysts’ expectations of $55.25 million. On average, analysts predict that Servicesource International Inc will post -0.12 EPS for the current year.
Several brokerages have recently commented on SREV. Zacks Investment Research raised shares of Servicesource International from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a research report on Wednesday, August 14th. ValuEngine cut shares of Servicesource International from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $1.00.
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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