News articles about ServiceSource International (NASDAQ:SREV) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. ServiceSource International earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.0727037439052 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of ServiceSource International (SREV) traded up $0.05 during mid-day trading on Monday, reaching $3.58. The company’s stock had a trading volume of 18,741 shares, compared to its average volume of 296,337. The company has a quick ratio of 7.93, a current ratio of 7.93 and a debt-to-equity ratio of 1.26. ServiceSource International has a 1-year low of $2.82 and a 1-year high of $6.25.
ServiceSource International (NASDAQ:SREV) last posted its quarterly earnings data on Monday, August 7th. The technology company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. ServiceSource International had a negative net margin of 17.26% and a negative return on equity of 3.70%. The company had revenue of $58.30 million during the quarter, compared to analyst estimates of $56.26 million. During the same period in the prior year, the firm earned $0.01 earnings per share. The business’s quarterly revenue was down 5.9% on a year-over-year basis.
A number of equities research analysts have issued reports on SREV shares. Zacks Investment Research lowered ServiceSource International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Northland Securities reiterated a “hold” rating and issued a $5.25 price target on shares of ServiceSource International in a research note on Friday, October 6th. Finally, BidaskClub lowered ServiceSource International from a “buy” rating to a “hold” rating in a research note on Monday, July 24th.
In other news, Director Steven Cakebread sold 60,853 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $3.27, for a total value of $198,989.31. Following the completion of the sale, the director now directly owns 64,943 shares of the company’s stock, valued at $212,363.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher Carrington purchased 28,429 shares of ServiceSource International stock in a transaction dated Friday, September 8th. The stock was bought at an average cost of $3.50 per share, with a total value of $99,501.50. Following the completion of the transaction, the chief executive officer now directly owns 822,473 shares of the company’s stock, valued at $2,878,655.50. The disclosure for this purchase can be found here. Insiders have acquired 126,578 shares of company stock valued at $428,289 over the last ninety days. Insiders own 17.90% of the company’s stock.
About ServiceSource International
ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).
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