Servicesource International (NASDAQ:SREV) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.
A number of other analysts have also recently issued reports on SREV. Zacks Investment Research cut Servicesource International from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. ValuEngine cut Servicesource International from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the company. Servicesource International presently has a consensus rating of “Hold” and an average price target of $4.63.
Servicesource International (NASDAQ SREV) opened at $4.08 on Friday. Servicesource International has a 1 year low of $2.61 and a 1 year high of $4.13. The company has a market capitalization of $368.93, a price-to-earnings ratio of 58.29 and a beta of 1.11.
A number of institutional investors and hedge funds have recently modified their holdings of SREV. Emancipation Management LLC purchased a new stake in Servicesource International during the 4th quarter worth about $1,290,000. Lyon Street Capital LLC lifted its holdings in Servicesource International by 552.6% during the 3rd quarter. Lyon Street Capital LLC now owns 469,622 shares of the technology company’s stock worth $1,625,000 after purchasing an additional 397,660 shares in the last quarter. OxFORD Asset Management LLP lifted its holdings in Servicesource International by 465.6% during the 3rd quarter. OxFORD Asset Management LLP now owns 230,097 shares of the technology company’s stock worth $801,000 after purchasing an additional 189,413 shares in the last quarter. Northern Trust Corp lifted its holdings in Servicesource International by 24.2% during the 2nd quarter. Northern Trust Corp now owns 861,516 shares of the technology company’s stock worth $3,343,000 after purchasing an additional 167,892 shares in the last quarter. Finally, State Street Corp lifted its holdings in Servicesource International by 13.0% during the 2nd quarter. State Street Corp now owns 1,135,960 shares of the technology company’s stock worth $4,406,000 after purchasing an additional 130,675 shares in the last quarter. 67.29% of the stock is currently owned by institutional investors and hedge funds.
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About Servicesource International
ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).
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