SVMK Inc (NASDAQ:SVMK) Given Average Rating of “Buy” by Brokerages

SVMK Inc (NASDAQ:SVMK) has earned an average recommendation of “Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $17.88.

A number of equities research analysts have commented on the company. UBS Group upgraded SVMK from a “neutral” rating to a “buy” rating and upped their price target for the company from $18.00 to $24.00 in a research report on Friday, August 2nd. SunTrust Banks reiterated a “buy” rating and issued a $22.00 price target on shares of SVMK in a research report on Tuesday, July 30th. Finally, Zacks Investment Research lowered SVMK from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th.

In other news, Director Erika H. James sold 8,750 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $17.88, for a total value of $156,450.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Tiger Global Management Llc sold 4,500,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $15.82, for a total value of $71,190,000.00. The disclosure for this sale can be found here. Insiders sold a total of 4,698,026 shares of company stock worth $74,592,136 in the last quarter. Corporate insiders own 26.30% of the company’s stock.

Several large investors have recently made changes to their positions in SVMK. Bank of New York Mellon Corp purchased a new position in SVMK during the 4th quarter valued at about $286,000. Northern Trust Corp grew 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 in the last quarter. Geode Capital Management LLC grew 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 in the last quarter. Bank of America Corp DE grew its stake in SVMK by 841.6% during the 4th quarter. Bank of America Corp DE now owns 20,159 shares of the company’s stock valued at $248,000 after acquiring an additional 18,018 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in SVMK during the 4th quarter valued at about $187,000. 73.65% of the stock is currently owned by institutional investors.

SVMK stock traded down $0.29 during midday trading on Friday, reaching $17.40. 1,602,100 shares of the stock were exchanged, compared to its average volume of 1,694,454. The stock has a market capitalization of $2.35 billion and a PE ratio of -12.17. SVMK has a 52 week low of $10.05 and a 52 week high of $20.00. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.09 and a quick ratio of 1.09. The company has a fifty day moving average price of $17.47 and a 200 day moving average price of $16.42.

SVMK (NASDAQ:SVMK) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. SVMK had a negative return on equity of 25.79% and a negative net margin of 59.16%. The business 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) EPS. SVMK’s quarterly revenue was up 19.8% compared to the same quarter last year. As a group, analysts anticipate that SVMK will post -0.56 earnings per share for the current fiscal year.

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.

Recommended Story: Fundamental Analysis – How It Helps Investors

Analyst Recommendations for SVMK (NASDAQ:SVMK)

Receive News & Ratings for SVMK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVMK and related companies with MarketBeat.com's FREE daily email newsletter.