SVMK Inc (NASDAQ:SVMK)’s share price reached a new 52-week high during mid-day trading on Friday following a stronger than expected earnings report. The stock traded as high as $21.29 and last traded at $20.50, with a volume of 793814 shares changing hands. The stock had previously closed at $18.45.
The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.14. The firm had revenue of $84.32 million during the quarter, compared to the consensus estimate of $83.83 million. SVMK had a negative net margin of 26.72% and a negative return on equity of 29.90%.
A number of analysts have issued reports on SVMK shares. ValuEngine raised shares of SVMK from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Wells Fargo & Co boosted their price objective on shares of SVMK from $18.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Finally, SunTrust Banks reissued a “buy” rating and issued a $24.00 price objective on shares of SVMK in a report on Thursday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $22.50.
In related news, CEO Alexander J. Lurie sold 16,170 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $16.97, for a total transaction of $274,404.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas E. Hale sold 76,453 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $20.03, for a total transaction of $1,531,353.59. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 331,529 shares of company stock valued at $6,433,006. 26.30% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its holdings in SVMK by 0.9% during the third quarter. Rhumbline Advisers now owns 106,076 shares of the company’s stock worth $1,814,000 after buying an additional 897 shares during the last quarter. Parallel Advisors LLC increased its holdings in SVMK by 27.5% during the fourth quarter. Parallel Advisors LLC now owns 5,086 shares of the company’s stock worth $91,000 after buying an additional 1,097 shares during the last quarter. Amalgamated Bank increased its holdings in SVMK by 9.5% during the fourth quarter. Amalgamated Bank now owns 16,403 shares of the company’s stock worth $293,000 after buying an additional 1,428 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in SVMK during the third quarter worth about $28,000. Finally, Quantbot Technologies LP increased its holdings in SVMK by 13.9% during the fourth quarter. Quantbot Technologies LP now owns 15,735 shares of the company’s stock worth $281,000 after buying an additional 1,916 shares during the last quarter. Institutional investors and hedge funds own 75.31% of the company’s stock.
The business’s fifty day moving average is $18.66 and its 200-day moving average is $17.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $2.48 billion, a PE ratio of -36.35 and a beta of 1.60.
About SVMK (NASDAQ:SVMK)
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.
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