SVMK Inc (NASDAQ:SVMK) SVP Lora D. Blum sold 5,333 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $18.52, for a total value of $98,767.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
NASDAQ SVMK opened at $17.99 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.09 and a quick ratio of 1.09. SVMK Inc has a 1 year low of $10.05 and a 1 year high of $20.00. The business’s 50-day moving average is $17.62 and its 200 day moving average is $16.54.
SVMK (NASDAQ:SVMK) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. SVMK had a negative net margin of 59.16% and a negative return on equity of 25.79%. The business had revenue of $75.14 million during the quarter, compared to analyst estimates of $72.72 million. During the same period last year, the business posted ($0.02) earnings per share. SVMK’s quarterly revenue was up 19.8% compared to the same quarter last year. As a group, research analysts predict that SVMK Inc will post -0.56 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC purchased a new stake in SVMK in the second quarter worth about $36,000. BNP Paribas Arbitrage SA lifted its holdings in SVMK by 3,055.0% in the first quarter. BNP Paribas Arbitrage SA now owns 3,786 shares of the company’s stock worth $69,000 after buying an additional 3,666 shares during the period. Deutsche Bank AG purchased a new stake in SVMK in the fourth quarter worth about $72,000. Quantamental Technologies LLC purchased a new stake in SVMK in the second quarter worth about $72,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in SVMK in the second quarter worth about $169,000. Institutional investors and hedge funds own 73.62% of the company’s stock.
A number of brokerages have recently issued reports on SVMK. SunTrust Banks reaffirmed a “buy” rating and set a $22.00 price objective on shares of SVMK in a research note on Tuesday, July 30th. Zacks Investment Research cut SVMK from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Finally, UBS Group raised SVMK from a “neutral” rating to a “buy” rating and raised their target price for the stock from $18.00 to $24.00 in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.88.
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.
Receive News & Ratings for SVMK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVMK and related companies with MarketBeat.com's FREE daily email newsletter.