UBS Group upgraded shares of SVMK (NASDAQ:SVMK) from a neutral rating to a buy rating in a research note issued to investors on Friday, BenzingaRatingsTable reports. The firm currently has $24.00 price target on the stock, up from their prior price target of $18.00.
SVMK has been the topic of several other reports. Zacks Investment Research upgraded shares of SVMK from a sell rating to a hold rating in a research report on Saturday, July 6th. SunTrust Banks restated a buy rating and set a $22.00 target price on shares of SVMK in a research report on Tuesday, July 30th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $17.88.
SVMK traded down $0.82 on Friday, hitting $18.65. 68,739 shares of the company were exchanged, compared to its average volume of 1,198,259. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.27. The business has a fifty day moving average price of $16.89. SVMK has a fifty-two week low of $10.05 and a fifty-two week high of $20.00. The firm has a market capitalization of $2.53 billion and a price-to-earnings ratio of -13.04.
SVMK (NASDAQ:SVMK) last issued its earnings results on Thursday, August 1st. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. The company had revenue of $75.14 million for the quarter, compared to analyst estimates of $72.72 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, sell-side analysts predict that SVMK will post -0.58 earnings per share for the current fiscal year.
In related news, CEO Alexander J. Lurie sold 16,489 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $16.39, for a total transaction of $270,254.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alexander J. Lurie sold 108,889 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $16.87, for a total transaction of $1,836,957.43. The disclosure for this sale can be found here. Insiders have sold 4,690,448 shares of company stock worth $74,384,195 in the last three months. Insiders own 26.30% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Pennsylvania Trust Co bought a new position in SVMK during the 1st quarter valued at $433,000. Geode Capital Management LLC boosted its stake in SVMK by 240.9% during the 4th quarter. Geode Capital Management LLC now owns 249,165 shares of the company’s stock valued at $3,057,000 after acquiring an additional 176,065 shares during the last quarter. Northern Trust Corp boosted its stake in SVMK by 354.9% during the 4th quarter. Northern Trust Corp now owns 247,733 shares of the company’s stock valued at $3,040,000 after acquiring an additional 193,279 shares during the last quarter. Stephens Inc. AR bought a new position in SVMK during the 1st quarter valued at $835,000. Finally, MetLife Investment Advisors LLC bought a new position in SVMK during the 4th quarter valued at $187,000. 72.02% of the stock is owned by hedge funds and other institutional investors.
SVMK Company Profile
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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