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. “
Several other equities analysts have also weighed in on the stock. SunTrust Banks restated a buy rating and set a $22.00 price objective on shares of SVMK in a research report on Tuesday, July 30th. UBS Group upgraded shares of SVMK from a neutral rating to a buy rating and raised their price objective for the company from $18.00 to $24.00 in a research report on Friday, August 2nd. ValuEngine lowered shares of SVMK from a hold rating to a sell rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. set a $21.00 price objective on shares of SVMK and gave the company a buy rating in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $18.13.
Shares of SVMK opened at $17.69 on Tuesday. The firm has a 50-day moving average price of $17.45 and a 200 day moving average price of $17.29. The firm has a market capitalization of $2.35 billion and a PE ratio of -12.37. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.03. SVMK has a 52-week low of $10.05 and a 52-week high of $19.82.
SVMK (NASDAQ:SVMK) last announced its earnings results on Thursday, August 1st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $75.14 million during the quarter, compared to analyst estimates of $72.72 million. SVMK had a negative net margin of 59.16% and a negative return on equity of 25.79%. SVMK’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.02) EPS. On average, equities analysts expect that SVMK will post -0.61 EPS for the current year.
In other SVMK news, CAO Dharti Patel sold 1,720 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $17.30, for a total transaction of $29,756.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Lora D. Blum sold 5,333 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $18.50, for a total transaction of $98,660.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 272,639 shares of company stock valued at $4,711,324. Insiders own 26.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers lifted its stake in SVMK by 3.3% during the first quarter. Rhumbline Advisers now owns 21,722 shares of the company’s stock valued at $396,000 after buying an additional 692 shares in the last quarter. Parallel Advisors LLC purchased a new stake in SVMK during the second quarter valued at about $36,000. Quantamental Technologies LLC purchased a new stake in SVMK during the second quarter valued at about $72,000. Parametric Portfolio Associates LLC lifted its stake in SVMK by 6.1% during the second quarter. Parametric Portfolio Associates LLC now owns 95,210 shares of the company’s stock valued at $1,572,000 after buying an additional 5,492 shares in the last quarter. Finally, Saturna Capital CORP lifted its stake in SVMK by 55.0% during the second quarter. Saturna Capital CORP now owns 21,700 shares of the company’s stock valued at $358,000 after buying an additional 7,700 shares in the last quarter. 76.65% of the stock is owned by institutional investors.
SVMK Company Profile
SVMK Inc provides survey software products and purpose-built solutions that enable organizations to engage with their customers, employees, and the markets they serve in the United States and internationally. Its cloud-based SaaS platform helps individuals and organizations to design and distribute surveys that generate an average of approximately 20 million answered questions daily across approximately 190 countries and territories.
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