News stories about Servicesource International (NASDAQ:SREV) have trended positive on Wednesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Servicesource International earned a media sentiment score of 0.36 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.5426837052607 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
Shares of Servicesource International (NASDAQ SREV) traded down $0.03 during mid-day trading on Wednesday, reaching $3.46. The company had a trading volume of 946,224 shares, compared to its average volume of 433,562. The company has a market capitalization of $297.51, a PE ratio of -10.18 and a beta of 1.26. Servicesource International has a 52-week low of $2.61 and a 52-week high of $6.05.
Servicesource International (NASDAQ:SREV) last issued its earnings results on Monday, February 12th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. The firm had revenue of $66.00 million during the quarter, compared to analysts’ expectations of $62.49 million. Servicesource International had a positive return on equity of 4.45% and a negative net margin of 12.48%. Servicesource International’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.02 earnings per share. analysts predict that Servicesource International will post 0.1 EPS for the current fiscal year.
Several brokerages have recently issued reports on SREV. BidaskClub downgraded shares of Servicesource International from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Servicesource International from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a research note on Wednesday, October 25th. Finally, ValuEngine cut Servicesource International from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $4.63.
In related news, CEO Christopher Carrington acquired 33,900 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was bought at an average cost of $2.95 per share, with a total value of $100,005.00. Following the completion of the acquisition, the chief executive officer now owns 853,202 shares in the company, valued at $2,516,945.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 17.90% of the stock is currently owned by company insiders.
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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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