Servicesource International Inc (NASDAQ:SREV) major shareholder Edenbrook Capital, Llc purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The shares were purchased at an average cost of $0.75 per share, for a total transaction of $37,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Edenbrook Capital, Llc also recently made the following trade(s):
- On Friday, March 20th, Edenbrook Capital, Llc purchased 10,827 shares of Servicesource International stock. The shares were purchased at an average cost of $0.78 per share, for a total transaction of $8,445.06.
SREV stock opened at $0.88 on Friday. The firm has a market cap of $73.23 million, a PE ratio of -4.40 and a beta of 1.59. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average of $1.37 and a 200-day moving average of $1.37. Servicesource International Inc has a 12-month low of $0.53 and a 12-month high of $2.10.
Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Servicesource International by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 523,879 shares of the technology company’s stock valued at $874,000 after acquiring an additional 14,826 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Servicesource International by 2.4% in the fourth quarter. Renaissance Technologies LLC now owns 4,128,661 shares of the technology company’s stock valued at $6,895,000 after acquiring an additional 94,946 shares in the last quarter. King Luther Capital Management Corp grew its holdings in shares of Servicesource International by 33.3% in the fourth quarter. King Luther Capital Management Corp now owns 400,000 shares of the technology company’s stock valued at $668,000 after acquiring an additional 100,000 shares in the last quarter. Credit Suisse AG bought a new position in shares of Servicesource International in the fourth quarter valued at approximately $218,000. Finally, EAM Investors LLC bought a new position in Servicesource International during the fourth quarter valued at $1,048,000. 66.16% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on SREV shares. Zacks Investment Research downgraded Servicesource International from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. B. Riley increased their price objective on Servicesource International from $2.00 to $2.25 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, ValuEngine raised Servicesource International from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 17th.
Servicesource International Company Profile
ServiceSource International, Inc operates as a digital customer journey experience company. Its solutions include lead generation, inside sales, outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account-based marketing, and channel recruitment and enablement, as well as renewals management services, such as the sale of maintenance and support service contracts for the products used by its clients' end-users.
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