Servicesource International (NASDAQ:SREV) Sees Unusually-High Trading Volume Following Insider Buying Activity

Shares of Servicesource International Inc (NASDAQ:SREV) saw unusually-high trading volume on Monday following insider buying activity. Approximately 2,303,686 shares changed hands during trading, an increase of 367% from the previous session’s volume of 493,090 shares.The stock last traded at $0.87 and had previously closed at $0.85.

Specifically, CEO Gary B. Moore acquired 117,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were purchased at an average price of $0.86 per share, with a total value of $100,620.00. Following the completion of the purchase, the chief executive officer now directly owns 818,241 shares of the company’s stock, valued at $703,687.26. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.30% of the stock is owned by company insiders.

SREV has been the topic of several recent research reports. Zacks Investment Research raised Servicesource International from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a research note on Wednesday, August 14th. ValuEngine downgraded Servicesource International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $1.00.

The company has a debt-to-equity ratio of 0.31, a current ratio of 2.24 and a quick ratio of 2.26. The firm has a 50-day moving average of $0.90 and a 200-day moving average of $0.98. The stock has a market cap of $82.04 million, a PE ratio of -21.80 and a beta of 1.46.

Servicesource International (NASDAQ:SREV) last released its earnings results on Wednesday, August 7th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. Servicesource International had a negative return on equity of 5.03% and a negative net margin of 7.11%. The firm had revenue of $52.36 million during the quarter, compared to analysts’ expectations of $55.25 million. Equities analysts forecast that Servicesource International Inc will post -0.12 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in SREV. Fiduciary Trust Co. purchased a new stake in shares of Servicesource International during the first quarter worth about $31,000. A.R.T. Advisors LLC grew its holdings in Servicesource International by 87.5% during the 2nd quarter. A.R.T. Advisors LLC now owns 35,344 shares of the technology company’s stock valued at $34,000 after buying an additional 16,489 shares in the last quarter. Royal Bank of Canada grew its holdings in Servicesource International by 64,142.2% during the 2nd quarter. Royal Bank of Canada now owns 53,321 shares of the technology company’s stock valued at $51,000 after buying an additional 53,238 shares in the last quarter. Cowen Prime Services LLC grew its holdings in Servicesource International by 2,100.0% during the 1st quarter. Cowen Prime Services LLC now owns 110,000 shares of the technology company’s stock valued at $101,000 after buying an additional 105,000 shares in the last quarter. Finally, B. Riley Financial Inc. purchased a new position in Servicesource International during the 1st quarter valued at approximately $101,000. Hedge funds and other institutional investors own 62.24% of the company’s stock.

Servicesource International Company Profile (NASDAQ:SREV)

ServiceSource International, Inc operates as a digital customer journey experience company. Its solutions include lead generation, inside sales, outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account-based marketing, and channel recruitment and enablement, as well as renewals management services, such as the sale of maintenance and support service contracts for the products used by its clients' end-users.

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