SVMK Inc (NASDAQ:SVMK) has been given an average rating of “Buy” by the ten research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $17.88.
Several analysts have weighed in on SVMK shares. Zacks Investment Research downgraded shares of SVMK from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. SunTrust Banks reissued a “buy” rating and issued a $22.00 price target on shares of SVMK in a research note on Tuesday, July 30th. Finally, UBS Group raised shares of SVMK from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $24.00 in a research note on Friday, August 2nd.
In other news, CEO Alexander J. Lurie sold 108,889 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $16.87, for a total transaction of $1,836,957.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Tiger Global Management Llc sold 4,500,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $15.82, for a total transaction of $71,190,000.00. The disclosure for this sale can be found here. Insiders sold 4,706,547 shares of company stock valued at $74,738,157 over the last three months. 26.30% of the stock is currently owned by insiders.
Shares of NASDAQ:SVMK opened at $18.41 on Friday. SVMK has a 52-week low of $10.05 and a 52-week high of $20.00. The firm has a fifty day moving average of $17.60 and a 200 day moving average of $16.51. The firm has a market capitalization of $2.33 billion and a PE ratio of -12.87. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.09 and a current ratio of 1.09.
SVMK (NASDAQ:SVMK) last announced its earnings results on Thursday, August 1st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. The company had revenue of $75.14 million during the quarter, compared to analyst estimates of $72.72 million. SVMK had a negative net margin of 59.16% and a negative return on equity of 25.79%. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.02) earnings per share. On average, sell-side analysts forecast that SVMK will post -0.56 EPS for the current fiscal year.
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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