Spok (NASDAQ:SPOK) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Spok from “hold” to “buy,” while Weiss Ratings raised its assessment from “sell” to “hold.” MarketBeat’s overall analyst consensus remains “Hold,” with a $14.00 average price target.
• Spok’s shares opened at $11.99, up 1.8%, with a market capitalization of approximately $250.8 million. The stock trades between a 12-month range of $9.95 and $14.40.
• Spok reported quarterly EPS of $0.46, beating the $0.16 consensus estimate, though revenue of $33.0 million fell short of the $34.7 million forecast. Institutional investors own about 50.81% of the company.

Spok (NASDAQ:SPOK - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised Spok from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, October 23rd. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat, Spok currently has an average rating of "Hold" and an average price target of $14.00.

Spok Stock Up 1.8%

SPOK opened at $11.99 on Friday. The business has a 50 day moving average of $10.63 and a 200-day moving average of $11.29. Spok has a 12-month low of $9.95 and a 12-month high of $14.40. The stock has a market cap of $250.83 million, a price-to-earnings ratio of 13.47 and a beta of 0.47.

Spok (NASDAQ:SPOK - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.30. Spok had a return on equity of 13.12% and a net margin of 13.88%. The firm had revenue of $33.00 million for the quarter, compared to analyst estimates of $34.70 million.

Insider Buying and Selling at Spok

In other news, Director Christine Cournoyer sold 8,320 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $11.28, for a total value of $93,849.60. Following the completion of the transaction, the director owned 16,261 shares of the company's stock, valued at $183,424.08. This represents a 33.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 7.28% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in shares of Spok by 1.2% during the 1st quarter. Renaissance Technologies LLC now owns 1,261,579 shares of the Wireless communications provider's stock valued at $13,751,000 after purchasing an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Spok by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 715,869 shares of the Wireless communications provider's stock valued at $7,804,000 after buying an additional 12,043 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Spok during the 2nd quarter worth approximately $2,397,000. Hsbc Holdings PLC boosted its holdings in shares of Spok by 11.6% during the 4th quarter. Hsbc Holdings PLC now owns 60,331 shares of the Wireless communications provider's stock worth $797,000 after buying an additional 6,262 shares in the last quarter. Finally, Keebeck Wealth Management boosted its holdings in shares of Spok by 25.0% during the 1st quarter. Keebeck Wealth Management now owns 50,000 shares of the Wireless communications provider's stock worth $545,000 after buying an additional 10,000 shares in the last quarter. 50.81% of the stock is owned by institutional investors.

About Spok

Spok Holdings, Inc is a healthcare communications technology company that provides software and services designed to help healthcare organizations manage critical information and coordinate clinical workflows. Its customers include hospitals, health systems, integrated delivery networks, government agencies and other organizations that require reliable communication for patient care and operational activities.

The company's offerings include secure messaging, clinical alerting, on-call scheduling, smartphone and mobile communications, operator console and contact-center capabilities, and workflow automation.

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