Spok (NASDAQ:SPOK) Rating Increased to Strong-Buy at StockNews.com

Spok (NASDAQ:SPOK - Get Free Report) was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a report released on Tuesday.

Separately, B. Riley raised shares of Spok from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $15.00 to $20.00 in a research note on Thursday, February 27th.

Spok Price Performance

SPOK stock traded up $0.02 during mid-day trading on Tuesday, reaching $16.25. The company had a trading volume of 302,224 shares, compared to its average volume of 121,766. The company has a market capitalization of $331.81 million, a PE ratio of 22.26 and a beta of 0.51. The firm has a 50 day moving average of $15.82 and a 200 day moving average of $16.04. Spok has a 12 month low of $13.55 and a 12 month high of $17.96.

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

Institutional Investors Weigh In On Spok

A number of institutional investors have recently added to or reduced their stakes in SPOK. CWM LLC boosted its holdings in shares of Spok by 309.2% in the 1st quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider's stock valued at $29,000 after buying an additional 1,317 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Spok in the fourth quarter worth $34,000. SBI Securities Co. Ltd. lifted its holdings in shares of Spok by 62.2% during the 1st 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 during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Spok by 12,125.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,790 shares of the Wireless communications provider's stock worth $62,000 after purchasing an additional 3,759 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Spok by 57.8% in the 4th quarter. Legal & General Group Plc now owns 5,546 shares of the Wireless communications provider's stock worth $89,000 after purchasing an additional 2,031 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.