Servicesource International (NASDAQ:SREV) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Wednesday.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Servicesource International from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a report on Thursday, October 19th. Northland Securities reiterated a “hold” rating and set a $5.25 target price on shares of Servicesource International in a report on Friday, October 6th.
Servicesource International (NASDAQ SREV) opened at $3.36 on Wednesday. The firm has a market cap of $303.82, a P/E ratio of -7.64 and a beta of 1.20. Servicesource International has a 1 year low of $2.61 and a 1 year high of $6.05.
In other news, CEO Christopher Carrington acquired 33,900 shares of Servicesource International stock in a transaction dated Wednesday, November 29th. The shares were acquired at an average cost of $2.95 per share, for a total transaction of $100,005.00. Following the acquisition, the chief executive officer now owns 853,202 shares of the company’s stock, valued at $2,516,945.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 17.90% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in SREV. Lyon Street Capital LLC raised its stake in Servicesource International by 552.6% during the 3rd quarter. Lyon Street Capital LLC now owns 469,622 shares of the technology company’s stock worth $1,625,000 after acquiring an additional 397,660 shares in the last quarter. OxFORD Asset Management LLP raised its stake in Servicesource International by 465.6% during the 3rd quarter. OxFORD Asset Management LLP now owns 230,097 shares of the technology company’s stock worth $801,000 after acquiring an additional 189,413 shares in the last quarter. Northern Trust Corp raised its stake in Servicesource International by 24.2% during the 2nd quarter. Northern Trust Corp now owns 861,516 shares of the technology company’s stock worth $3,343,000 after acquiring an additional 167,892 shares in the last quarter. State Street Corp raised its stake in Servicesource International by 13.0% during the 2nd quarter. State Street Corp now owns 1,135,960 shares of the technology company’s stock worth $4,406,000 after acquiring an additional 130,675 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Servicesource International by 21.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 572,891 shares of the technology company’s stock worth $2,223,000 after acquiring an additional 99,992 shares in the last quarter. Hedge funds and other institutional investors own 68.49% of the company’s stock.
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Servicesource International Company Profile
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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