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.
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