Spok Holdings, Inc. (NASDAQ:SPOK – Get Free Report) Director Christine Cournoyer sold 8,320 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $11.28, for a total transaction of $93,849.60. Following the completion of the sale, the director directly owned 16,261 shares of the company’s stock, valued at $183,424.08. The trade was a 33.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Spok Price Performance
SPOK traded up $0.11 during mid-day trading on Tuesday, hitting $11.44. The stock had a trading volume of 174,527 shares, compared to its average volume of 175,400. The stock’s fifty day simple moving average is $10.69 and its 200-day simple moving average is $11.48. The firm has a market capitalization of $239.30 million, a price-to-earnings ratio of 19.72 and a beta of 0.48. Spok Holdings, Inc. has a 1-year low of $9.95 and a 1-year high of $18.79.
Spok (NASDAQ:SPOK – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.05. The company had revenue of $35.01 million during the quarter, compared to analyst estimates of $34.30 million. Spok had a net margin of 9.00% and a return on equity of 8.50%. As a group, research analysts expect that Spok Holdings, Inc. will post 0.66 earnings per share for the current fiscal year.
Spok Dividend Announcement
Hedge Funds Weigh In On Spok
Large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in shares of Spok by 305.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,796 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 1,353 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Spok by 69.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,465 shares of the Wireless communications provider’s stock worth $33,000 after buying an additional 1,013 shares during the period. Royal Bank of Canada grew its holdings in shares of Spok by 182.8% during the fourth quarter. Royal Bank of Canada now owns 3,100 shares of the Wireless communications provider’s stock worth $40,000 after buying an additional 2,004 shares in the last quarter. Russell Investments Group Ltd. raised its position in Spok by 40.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,613 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 747 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Spok by 319.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,774 shares of the Wireless communications provider’s stock valued at $49,000 after buying an additional 2,113 shares during the last quarter. Institutional investors own 50.81% of the company’s stock.
Analysts Set New Price Targets
SPOK has been the topic of several recent analyst reports. Wall Street Zen upgraded Spok from a “sell” rating to a “hold” rating in a report on Sunday, July 5th. Weiss Ratings raised Spok from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.00.
Check Out Our Latest Analysis on Spok
About Spok
Spok, Inc is a publicly traded healthcare communications and collaboration company headquartered in Bellevue, Washington. The company specializes in providing secure, real-time clinical communication solutions designed to streamline workflows and enhance patient care. Serving hospitals, health systems, and other healthcare organizations across North America and selected international markets, Spok has positioned itself as a leading provider of secure messaging and nurse call integration.
Spok’s flagship offering, the Spok Care Connect platform, delivers a suite of integrated products, including secure text and voice messaging, alarm and event management, call center solutions, and digital signage.
Read More
- Five stocks we like better than Spok
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Receive News & Ratings for Spok Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spok and related companies with MarketBeat.com's FREE daily email newsletter.
