According to Zacks, “ServiceSource provides a suite of cloud applications for service revenue management. The Company provides end-to-end management and optimization of the service contract renewals process, including data management, quoting, selling and service revenue business intelligence. Its solution is based on the proprietary Service Revenue Intelligence Platform, a data warehouse that incorporates transactional, analytical and industry data gathered from over two million service renewal transactions. The Company’s offering finds its application in all industries. ServiceSource is headquartered in San Francisco, California. “
SREV has been the topic of several other research reports. TheStreet raised ServiceSource International from a sell rating to a hold rating in a research report on Wednesday, September 7th. JMP Securities reaffirmed a buy rating and set a $7.00 price target on shares of ServiceSource International in a research report on Thursday, June 23rd.
ServiceSource International (NASDAQ:SREV) opened at 4.81 on Wednesday. The firm’s market capitalization is $412.71 million. The stock’s 50 day moving average price is $4.86 and its 200 day moving average price is $4.37. ServiceSource International has a 52 week low of $3.35 and a 52 week high of $5.75.
ServiceSource International (NASDAQ:SREV) last released its quarterly earnings results on Monday, August 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $62 million for the quarter, compared to analyst estimates of $60.33 million. ServiceSource International had a negative return on equity of 7.50% and a negative net margin of 12.68%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.02) earnings per share. On average, equities analysts expect that ServiceSource International will post ($0.01) EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Advisors LLC increased its position in shares of ServiceSource International by 5.5% in the second quarter. BlackRock Advisors LLC now owns 29,279 shares of the company’s stock valued at $118,000 after buying an additional 1,519 shares during the period. AQR Capital Management LLC increased its position in shares of ServiceSource International by 5.1% in the second quarter. AQR Capital Management LLC now owns 31,532 shares of the company’s stock valued at $127,000 after buying an additional 1,521 shares during the period. Alliancebernstein L.P. increased its position in shares of ServiceSource International by 59.3% in the second quarter. Alliancebernstein L.P. now owns 32,220 shares of the company’s stock valued at $130,000 after buying an additional 12,000 shares during the period. American International Group Inc. increased its position in shares of ServiceSource International by 0.9% in the second quarter. American International Group Inc. now owns 35,133 shares of the company’s stock valued at $142,000 after buying an additional 301 shares during the period. Finally, BlackRock Inc. increased its position in shares of ServiceSource International by 867.7% in the second quarter. BlackRock Inc. now owns 38,853 shares of the company’s stock valued at $157,000 after buying an additional 34,838 shares during the period. Institutional investors own 74.77% of the company’s stock.
ServiceSource International Company Profile
ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that improve enterprise revenue relationships. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI). Based on the science of Revenue Lifecycle Management (RLM), the Company provides business to business (B2B) companies with technology-enabled services and solutions that allow growing and retaining revenue from existing customers, directly or through a channel.
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