Spok's (SPOK) "Buy (B)" Rating Reaffirmed at Weiss Ratings

Key Points

• Spok's stock received a reaffirmed "Buy (B)" rating from Weiss Ratings, indicating confidence in its market performance.
• Despite a rating downgrade from Wall Street Zen from "strong-buy" to "buy," the overall consensus remains a positive "Strong Buy" with an average target price of $20.00.
• Spok reported earnings per share (EPS) of $0.22 for the last quarter, surpassing estimates and showing a solid revenue performance of $35.69 million.

Spok (NASDAQ:SPOK - Get Free Report)'s stock had its "buy (b)" rating reissued by equities research analysts at Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Spok from a "strong-buy" rating to a "buy" rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to MarketBeat.com, Spok presently has an average rating of "Strong Buy" and an average target price of $20.00.

Spok Price Performance

Shares of Spok stock traded up $0.21 during trading on Tuesday, hitting $15.90. The stock had a trading volume of 94,792 shares, compared to its average volume of 125,964. Spok has a 12 month low of $13.55 and a 12 month high of $19.31. The firm's fifty day simple moving average is $17.49 and its 200-day simple moving average is $16.88. The stock has a market cap of $327.38 million, a PE ratio of 19.13 and a beta of 0.49.

Spok (NASDAQ:SPOK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The Wireless communications provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. Spok had a net margin of 12.12% and a return on equity of 11.11%. The business had revenue of $35.69 million during the quarter, compared to analysts' expectations of $35.00 million. Spok has set its FY 2025 guidance at EPS. Analysts expect that Spok will post 0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Spok

In other Spok news, COO Michael W. Wallace sold 10,806 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $17.87, for a total value of $193,103.22. Following the transaction, the chief operating officer owned 40,369 shares of the company's stock, valued at approximately $721,394.03. The trade was a 21.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vincent D. Kelly sold 25,000 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $17.69, for a total value of $442,250.00. Following the completion of the transaction, the chief executive officer directly owned 102,817 shares in the company, valued at approximately $1,818,832.73. This represents a 19.56% decrease in their position. The disclosure for this sale can be found here. 7.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Spok

Large investors have recently made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of Spok by 339.9% during the 2nd quarter. Signaturefd LLC now owns 1,421 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 1,098 shares during the period. CWM LLC boosted 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 valued at $29,000 after buying an additional 1,317 shares during the period. SBI Securities Co. Ltd. lifted its stake in Spok by 62.2% during the first quarter. SBI Securities Co. Ltd. now owns 2,200 shares of the Wireless communications provider's stock worth $36,000 after purchasing an additional 844 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in Spok by 41.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,080 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 612 shares during the period. Finally, US Bancorp DE boosted its position in shares of Spok by 862.1% in the 1st quarter. US Bancorp DE now owns 2,790 shares of the Wireless communications provider's stock worth $46,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 50.81% of the company's stock.

Spok Company Profile

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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