$72.62 Million in Sales Expected for SVMK Inc (NASDAQ:SVMK) This Quarter

Wall Street analysts forecast that SVMK Inc (NASDAQ:SVMK) will announce sales of $72.62 million for the current quarter, Zacks reports. Two analysts have issued estimates for SVMK’s earnings. The highest sales estimate is $72.70 million and the lowest is $72.54 million. The business is scheduled to announce its next quarterly earnings report on Wednesday, August 14th.

On average, analysts expect that SVMK will report full-year sales of $298.56 million for the current fiscal year, with estimates ranging from $294.10 million to $301.90 million. For the next year, analysts forecast that the firm will report sales of $353.98 million, with estimates ranging from $343.80 million to $368.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover SVMK.

SVMK (NASDAQ:SVMK) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.13. The company had revenue of $68.64 million during the quarter, compared to analyst estimates of $68.13 million. During the same period in the prior year, the firm earned ($0.06) EPS. SVMK’s quarterly revenue was up 17.4% compared to the same quarter last year.

Several brokerages have issued reports on SVMK. Zacks Investment Research upgraded SVMK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. SunTrust Banks reiterated a “buy” rating and issued a $22.00 price objective (up previously from $20.00) on shares of SVMK in a research report on Monday, June 10th. JPMorgan Chase & Co. lifted their price objective on SVMK from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, March 29th. Finally, Stephens began coverage on SVMK in a research report on Friday, March 22nd. They issued an “overweight” rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. SVMK presently has a consensus rating of “Hold” and an average price target of $16.75.

SVMK traded up $0.02 during trading on Thursday, hitting $17.06. The company’s stock had a trading volume of 2,369,304 shares, compared to its average volume of 1,369,369. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.31 and a current ratio of 1.31. SVMK has a 12 month low of $10.05 and a 12 month high of $20.00. The company has a market cap of $2.17 billion and a price-to-earnings ratio of -11.93.

In other news, CEO Alexander J. Lurie sold 50,000 shares of the business’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $18.00, for a total transaction of $900,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Tiger Global Management Llc sold 1,972,443 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $14.95, for a total value of $29,488,022.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,095,505 shares of company stock valued at $31,589,648. Corporate insiders own 26.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its holdings in SVMK by 3,055.0% in the first quarter. BNP Paribas Arbitrage SA now owns 3,786 shares of the company’s stock valued at $69,000 after purchasing an additional 3,666 shares during the last quarter. Strs Ohio bought a new stake in SVMK in the fourth quarter valued at about $58,000. Pennsylvania Trust Co bought a new stake in SVMK in the first quarter valued at about $433,000. Deutsche Bank AG bought a new stake in SVMK in the fourth quarter valued at about $72,000. Finally, Metropolitan Life Insurance Co. NY bought a new stake in SVMK in the fourth quarter valued at about $137,000. Institutional investors own 72.02% of the company’s stock.

About SVMK

SVMK Inc provides survey software products and purpose-built solutions that enable organizations to engage with their customers, employees, and the markets they serve in the United States and internationally. Its cloud-based SaaS platform helps individuals and organizations to design and distribute surveys that generate an average of approximately 20 million answered questions daily across approximately 190 countries and territories.

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