Home  »  Finance   »  ServiceSource International Inc. (SREV) – Do...

ServiceSource International Inc. (SREV) – Don’t Be So Quick to Call it Dead

101 institutions hold shares in ServiceSource International Inc. (SREV), with 1.77M shares held by insiders accounting for 1.82% while institutional investors hold 73.32% of the company’s shares. The shares outstanding are 96.84M, and float is at 91.44M with Short Float at 1.75%. Institutions hold 71.99% of the Float.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

The top institutional shareholder in the company is Edenbrook Capital, LLC with over 18.4 million shares valued at $32.39 million. The investor’s holdings represent 18.91% of the SREV Shares outstanding. As of Dec 30, 2020, the second largest holder is Primecap Management Company with 8.37 million shares valued at $14.73 million to account for 8.60% of the shares outstanding. The other top investors are Archon Capital Management LLC which holds 8.02 million shares representing 8.24% and valued at over $14.11 million, while Kennedy Capital Management, Inc. holds 5.90% of the shares totaling 5.74 million with a market value of $10.1 million.

ServiceSource International Inc. (NASDAQ: SREV) is -18.18% lower on its value in year-to-date trading and has touched a low of $1.06 and a high of $2.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SREV stock was last observed hovering at around $1.41 in the last trading session, with the day’s gains setting it 0.03% off its average median price target of $2.00 for the next 12 months. It is also 28.0% off the consensus price target high of $2.00 offered by 1 analysts, but current levels are 28.0% higher than the price target low of $2.00 for the same period.

Currently trading at $1.44, the stock is 2.13% and -7.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing 2.13% at the moment leaves the stock -6.41% off its SMA200. SREV registered 10.77% gain for a year compared to 6-month gain of 2.13%. The firm has a 50-day simple moving average (SMA 50) of $1.4965 and a 200-day simple moving average (SMA200) of $1.5479.

The stock witnessed a -0.69% loss in the last 1 month and extending the period to 3 months gives it a -10.56%, and is 2.86% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.58% over the week and 4.83% over the month.

ServiceSource International Inc. (SREV) has around 2800 employees, a market worth around $142.20M and $194.60M in sales. Profit margin for the company is -9.50%. Distance from 52-week low is 35.85% and -33.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.00%).

ServiceSource International Inc. (SREV) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for ServiceSource International Inc. (SREV) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

ServiceSource International Inc. is expected to release its quarterly report on 08/09/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $45.79M over the same period.The EPS is expected to grow by 2.70% this year, but quarterly earnings will post -10.00% year-over-year. Quarterly sales are estimated to shrink -6.60% in year-over-year returns.

ServiceSource International Inc. (SREV) Insider Activity

A total of 50 insider transactions have happened at ServiceSource International Inc. (SREV) in the last six months, with sales accounting for 8 and purchases happening 42 times. The most recent transaction is an insider purchase by Edenbrook Capital, LLC, the company’s 10% Owner. SEC filings show that Edenbrook Capital, LLC bought 959 shares of the company’s common stock on Apr 26 at a price of $1.36 per share for a total of $1304.0. Following the purchase, the insider now owns 19.2 million shares.

ServiceSource International Inc. disclosed in a document filed with the SEC on Apr 23 that Edenbrook Capital, LLC (10% Owner) bought a total of 7,537 shares of the company’s common stock. The trade occurred on Apr 23 and was made at $1.36 per share for $10250.0. Following the transaction, the insider now directly holds 19.2 million shares of the SREV stock.

Still, SEC filings show that on Apr 20, Edenbrook Capital, LLC (10% Owner) acquired 4,151 shares at an average price of $1.38 for $5716.0. The insider now directly holds 19,195,671 shares of ServiceSource International Inc. (SREV).

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

ServiceSource International Inc. (SREV): Who are the competitors?

The company’s main competitors (and peers) include salesforce.com inc. (CRM) that is trading 53.36% up over the past 12 months. Oracle Corporation (ORCL) is 40.55% up on the 1-year trading charts. Short interest in the company’s stock has fallen -34.45% from the last report on Apr 14, 2021 to stand at a total of 1.6 million short shares sold with a short interest ratio of 4.5.

Related Posts

110500

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

The 5 Best Growth Stocks 2022

100% free. stop anytime no spam