SVMK Inc (NASDAQ:SVMK) SVP Lora D. Blum sold 1,772 shares of SVMK stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $16.84, for a total transaction of $29,840.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ:SVMK traded up $0.12 during midday trading on Friday, reaching $17.10. The company had a trading volume of 1,163,152 shares, compared to its average volume of 1,284,885. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.27. The firm has a market cap of $2.22 billion and a PE ratio of -11.96. SVMK Inc has a one year low of $10.05 and a one year high of $20.00.
SVMK (NASDAQ:SVMK) last released its earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.13. The business had revenue of $68.64 million for the quarter, compared to the consensus estimate of $68.13 million. During the same quarter in the previous year, the firm earned ($0.06) EPS. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. As a group, equities research analysts forecast that SVMK Inc will post -0.59 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in SVMK. BlackRock Inc. bought a new stake in SVMK during the third quarter valued at $12,023,000. JPMorgan Chase & Co. bought a new stake in SVMK during the third quarter valued at $3,129,000. Morgan Stanley bought a new stake in SVMK during the third quarter valued at $12,864,000. Vanguard Group Inc. bought a new stake in SVMK during the third quarter valued at $4,328,000. Finally, Vanguard Group Inc bought a new stake in SVMK during the third quarter valued at $4,328,000. Hedge funds and other institutional investors own 70.88% of the company’s stock.
SVMK has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of SVMK from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th. SunTrust Banks lifted their price target on shares of SVMK to $19.00 and gave the stock a “positive” rating in a research note on Thursday, March 28th. Stephens initiated coverage on shares of SVMK in a research note on Friday, March 22nd. They issued an “overweight” rating and a $20.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of SVMK from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, March 29th. Finally, ValuEngine lowered shares of SVMK from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. SVMK presently has an average rating of “Buy” and a consensus price target of $16.38.
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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.
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