Spok (NASDAQ:SPOK) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Spok (NASDAQ:SPOK) from a strong-buy rating to a buy rating in a report published on Saturday.

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of Spok in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy” and a consensus target price of $20.00.

Spok Stock Down 1.9%

NASDAQ SPOK opened at $15.62 on Friday. Spok has a 52 week low of $13.55 and a 52 week high of $19.31. The stock has a market capitalization of $321.62 million, a PE ratio of 18.82 and a beta of 0.49. The firm has a 50 day moving average of $17.55 and a two-hundred day moving average of $16.88.

Spok (NASDAQ:SPOK) last posted its quarterly earnings results on Wednesday, July 30th. The Wireless communications provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. Spok had a net margin of 12.12% and a return on equity of 11.11%. The company had revenue of $35.69 million during the quarter, compared to analysts’ expectations of $35.00 million. Spok has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Spok will post 0.76 earnings per share for the current fiscal year.

Spok Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Tuesday, August 19th were given a $0.3125 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $1.25 annualized dividend and a yield of 8.0%. Spok’s dividend payout ratio is 150.60%.

Insider Buying and Selling at Spok

In related news, COO Michael W. Wallace sold 10,806 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $17.87, for a total value of $193,103.22. Following the completion of the sale, the chief operating officer owned 40,369 shares in the company, valued at $721,394.03. This represents a 21.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent D. Kelly sold 25,000 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $17.69, for a total transaction of $442,250.00. Following the completion of the sale, the chief executive officer owned 102,817 shares of the company’s stock, valued at approximately $1,818,832.73. This trade represents a 19.56% decrease in their position. The disclosure for this sale can be found here. 7.37% of the stock is owned by corporate insiders.

Institutional Trading of Spok

Institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC raised its position in Spok by 339.9% in the 2nd quarter. Signaturefd LLC now owns 1,421 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 1,098 shares during the last quarter. CWM LLC raised its position in Spok by 309.2% during the 1st quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 1,317 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Spok by 62.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,200 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 844 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Spok by 41.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,080 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 612 shares during the last quarter. Finally, US Bancorp DE raised its position in Spok by 862.1% during the 1st quarter. US Bancorp DE now owns 2,790 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Spok Company Profile

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.