Spok (NASDAQ:SPOK) Upgraded to Buy at Wall Street Zen

Spok (NASDAQ:SPOK) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised Spok from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.00.

Spok Trading Up 1.8%

SPOK opened at $11.99 on Friday. The company’s fifty day moving average price is $10.63 and its two-hundred day moving average price is $11.29. Spok has a 1-year low of $9.95 and a 1-year high of $14.40. The company has a market cap of $250.83 million, a price-to-earnings ratio of 13.47 and a beta of 0.47.

Spok (NASDAQ:SPOK) last posted its earnings results on Wednesday, October 28th. The Wireless communications provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.16 by $0.30. Spok had a net margin of 13.88% and a return on equity of 13.12%. The company had revenue of $33.00 million during the quarter, compared to the consensus estimate of $34.70 million.

Insiders Place Their Bets

In related news, Director Christine Cournoyer sold 8,320 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $11.28, for a total transaction of $93,849.60. Following the transaction, the director directly owned 16,261 shares in the company, valued at approximately $183,424.08. The trade was a 33.85% 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 link. Company insiders own 7.28% of the company’s stock.

Institutional Investors Weigh In On Spok

Large investors have recently made changes to their positions in the business. Triumph Capital Management boosted its holdings in shares of Spok by 36.2% in the 3rd quarter. Triumph Capital Management now owns 6,771 shares of the Wireless communications provider’s stock worth $71,000 after buying an additional 1,800 shares during the last quarter. Amundi bought a new position in Spok during the second quarter valued at about $125,000. Public Employees Retirement System of Ohio purchased a new stake in Spok during the second quarter worth about $213,000. Bank of New York Mellon Corp purchased a new stake in Spok during the second quarter worth about $2,397,000. Finally, Redhawk Wealth Advisors Inc. raised its position in Spok by 89.0% in the second quarter. Redhawk Wealth Advisors Inc. now owns 19,155 shares of the Wireless communications provider’s stock worth $196,000 after acquiring an additional 9,021 shares during the period. 50.81% of the stock is owned by hedge funds and other institutional investors.

About Spok

Spok Holdings, Inc is a healthcare communications technology company that provides software and services designed to help healthcare organizations manage critical information and coordinate clinical workflows. Its customers include hospitals, health systems, integrated delivery networks, government agencies and other organizations that require reliable communication for patient care and operational activities.

The company’s offerings include secure messaging, clinical alerting, on-call scheduling, smartphone and mobile communications, operator console and contact-center capabilities, and workflow automation.