SVMK (NASDAQ:SVMK) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a research note issued to investors on Friday, Zacks.com reports.
According to Zacks, "SVMK Inc. develops survey software. The Company offers a platform which enables organizations to collect and analyze feedback and insights which solves business problems, enhances customer experience and loyalty, improves employee productivity, retention, optimization and marketing investments. SVMK Inc. is based in San Mateo, United States. "
Separately, Stifel Nicolaus began coverage on shares of SVMK in a research note on Wednesday, January 13th. They issued a "hold" rating and a $28.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of "Buy" and a consensus price target of $26.88.
Shares of SVMK stock opened at $26.24 on Friday. The firm has a market capitalization of $3.73 billion, a P/E ratio of -37.49 and a beta of 1.39. SVMK has a 52 week low of $9.35 and a 52 week high of $27.50. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. The firm's 50 day moving average is $24.71 and its two-hundred day moving average is $23.18.
SVMK (NASDAQ:SVMK) last announced its quarterly earnings results on Thursday, November 5th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.16) by $0.15. The company had revenue of $95.40 million for the quarter, compared to analyst estimates of $95.13 million. SVMK had a negative net margin of 26.35% and a negative return on equity of 29.97%. SVMK's quarterly revenue was up 20.3% compared to the same quarter last year. As a group, research analysts expect that SVMK will post -0.69 earnings per share for the current fiscal year.
In related news, insider Lora D. Blum sold 1,299 shares of SVMK stock in a transaction on Tuesday, November 24th. The shares were sold at an average price of $20.66, for a total value of $26,837.34. Also, President Thomas E. Hale sold 13,708 shares of SVMK stock in a transaction on Thursday, November 19th. The shares were sold at an average price of $21.07, for a total transaction of $288,827.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 502,735 shares of company stock worth $13,074,483. Insiders own 18.70% of the company's stock.
A number of large investors have recently bought and sold shares of the stock. Mirador Capital Partners LP purchased a new position in SVMK in the 4th quarter valued at $1,819,000. Sei Investments Co. grew its position in SVMK by 19.2% in the 3rd quarter. Sei Investments Co. now owns 192,338 shares of the company's stock valued at $4,253,000 after buying an additional 30,947 shares during the last quarter. Paloma Partners Management Co purchased a new position in SVMK in the 3rd quarter valued at $357,000. California State Teachers Retirement System grew its position in SVMK by 9.1% in the 3rd quarter. California State Teachers Retirement System now owns 196,069 shares of the company's stock valued at $4,335,000 after buying an additional 16,277 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in SVMK by 2,842.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 208,940 shares of the company's stock valued at $4,622,000 after buying an additional 201,839 shares during the last quarter. Hedge funds and other institutional investors own 77.51% of the company's stock.
SVMK Inc provides survey software products and purpose-built solutions that enable organizations to engage with their customers, employees, and the markets they research and serve in the United States and internationally. The company's cloud-based SaaS platform helps individuals and organizations to design and distribute surveys approximately 190 countries and territories.
Recommended Story: Moving Average (MA)
Get a free copy of the Zacks research report on SVMK (SVMK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
10 Great Cheap Stocks to Buy Now for Under $10
As the P/E ratios of most S&P 500 companies look very expensive and the stock market continues to hit new all-time highs regularly, it's challenging for investors to find cheap stocks to buy now.
This goes for both share price since most stocks are trading higher on a per-share basis and valuation relative to earnings. Right now, the typical S&P 500 company is trading at about 25 times forward-looking earnings. Historically, S&P 500 companies have traded at about 15 times earnings in more normal markets.
While the S&P 500 as a whole is expensive, there are still a handful of undervalued stocks trading at less than $10.00 per share. Value investing opportunities for value exist if you know where to look. Putting together a list of cheap stocks to buy now requires looking into some smaller, riskier, unloved, or undiscovered parts of the market. These low-priced stocks might not look especially attractive today, but long-term investors stand to profit if they are willing to be patient and hold onto shares of these companies through multiple market cycles.
Some of these companies are great investing ideas because they're too small and too risky to attract most mutual funds and Wall Street money managers. Others have been beaten up by the market after a period of slowing earnings and profits but are now trying to turn around and bounce back.
You might find marijuana stocks, dividend-paying stocks, large-cap stocks, growth stocks, small-cap stocks, and even some bitcoin stocks in this list. While these low-priced stocks have many differences, these 10 stock picks all share a common characteristic, a super-low share price of $10.00 or less.
View the "10 Great Cheap Stocks to Buy Now for Under $10".