Servicesource International (NASDAQ:SREV) updated its fourth quarter 2018 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.02-0.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.03. The company issued revenue guidance of $60-63 million, compared to the consensus revenue estimate of $61.78 million.Servicesource International also updated its FY 2018 guidance to $0.03-0.04 EPS.
A number of equities research analysts recently weighed in on the company. BidaskClub cut Servicesource International from a sell rating to a strong sell rating in a report on Thursday, September 20th. B. Riley set a $5.00 price target on Servicesource International and gave the company a buy rating in a report on Friday, September 21st. Zacks Investment Research cut Servicesource International from a hold rating to a strong sell rating in a report on Wednesday, October 24th. Finally, JMP Securities cut Servicesource International from an outperform rating to a market perform rating in a report on Friday, October 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $3.00.
SREV stock traded up $0.02 during midday trading on Wednesday, reaching $1.38. 694,700 shares of the company’s stock traded hands, compared to its average volume of 504,296. Servicesource International has a 1-year low of $1.23 and a 1-year high of $4.47. The stock has a market capitalization of $122.15 million, a price-to-earnings ratio of 17.25 and a beta of 1.81.
Servicesource International (NASDAQ:SREV) last released its quarterly earnings results on Monday, August 6th. The technology company reported $0.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.01. Servicesource International had a positive return on equity of 0.73% and a negative net margin of 10.52%. The firm had revenue of $61.11 million during the quarter, compared to analysts’ expectations of $59.47 million. As a group, equities research analysts forecast that Servicesource International will post -0.08 earnings per share for the current year.
In other news, Director Bruce Dunlevie bought 30,335 shares of the stock in a transaction dated Wednesday, August 15th. The stock was bought at an average cost of $2.98 per share, with a total value of $90,398.30. Following the purchase, the director now owns 141,182 shares of the company’s stock, valued at $420,722.36. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 19.00% of the stock is currently owned by company insiders.
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About Servicesource International
ServiceSource International, Inc provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company's solutions include 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, including the sale of maintenance and support service contracts for the products used by its clients' end-users.
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