Spok (NASDAQ:SPOK) Stock Rating Upgraded by StockNews.com

Spok (NASDAQ:SPOK - Get Free Report) was upgraded by research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday.

Separately, B. Riley raised Spok to a "strong-buy" rating in a research note on Thursday, May 1st.

Spok Stock Down 0.6 %

Shares of NASDAQ:SPOK opened at $16.44 on Friday. The stock has a market cap of $338.20 million, a PE ratio of 22.52 and a beta of 0.51. The business has a 50 day moving average of $15.80 and a 200-day moving average of $16.08. Spok has a 12-month low of $13.55 and a 12-month high of $17.96.

Spok (NASDAQ:SPOK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.07. Spok had a net margin of 10.66% and a return on equity of 9.20%. The business had revenue of $36.29 million for the quarter, compared to analyst estimates of $34.00 million. Equities research analysts expect that Spok will post 0.76 earnings per share for the current year.

Insider Buying and Selling at Spok

In other news, COO Michael W. Wallace sold 6,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $16.53, for a total value of $99,180.00. Following the completion of the sale, the chief operating officer now owns 61,175 shares of the company's stock, valued at approximately $1,011,222.75. This represents a 8.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vincent D. Kelly sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $16.40, for a total transaction of $492,000.00. Following the sale, the chief executive officer now directly owns 157,817 shares of the company's stock, valued at $2,588,198.80. This represents a 15.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.51% of the company's stock.

Institutional Trading of Spok

A number of institutional investors have recently bought and sold shares of the company. CWM LLC grew its stake in Spok by 309.2% during the first quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider's stock worth $29,000 after purchasing an additional 1,317 shares during the period. New Age Alpha Advisors LLC bought a new position in Spok during the fourth quarter worth $34,000. SBI Securities Co. Ltd. increased its stake in Spok by 62.2% in the first quarter. SBI Securities Co. Ltd. now owns 2,200 shares of the Wireless communications provider's stock valued at $36,000 after purchasing an additional 844 shares in the last quarter. US Bancorp DE increased its position in Spok by 862.1% in the 1st quarter. US Bancorp DE now owns 2,790 shares of the Wireless communications provider's stock valued at $46,000 after buying an additional 2,500 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Spok by 12,125.8% in the first quarter. Nisa Investment Advisors LLC now owns 3,790 shares of the Wireless communications provider's stock worth $62,000 after acquiring an additional 3,759 shares in the last quarter. Institutional investors own 50.81% of the company's stock.

About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.

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