SVMK Inc (SVMK) Receives Average Rating of “Buy” from Brokerages

SVMK Inc (NASDAQ:SVMK) has received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $14.86.

SVMK has been the topic of a number of research analyst reports. Credit Suisse Group initiated coverage on shares of SVMK in a research report on Monday, October 22nd. They set a “neutral” rating and a $13.00 price objective on the stock. Bank of America assumed coverage on shares of SVMK in a research report on Monday, October 22nd. They set a “buy” rating and a $16.00 price objective on the stock. SunTrust Banks assumed coverage on shares of SVMK in a research report on Monday, October 22nd. They issued a “buy” rating and a $16.00 price target on the stock. JMP Securities assumed coverage on shares of SVMK in a research report on Monday, October 22nd. They issued an “outperform” rating and a $16.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of SVMK in a research report on Monday, October 22nd. They issued an “overweight” rating and a $15.00 price target on the stock.

Shares of NASDAQ SVMK opened at $12.45 on Tuesday. SVMK has a 52-week low of $10.05 and a 52-week high of $20.00. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.14 and a current ratio of 1.14.



SVMK (NASDAQ:SVMK) last issued its earnings results on Tuesday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. The firm had revenue of $65.21 million during the quarter, compared to the consensus estimate of $62.93 million. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.13) EPS. As a group, research analysts predict that SVMK will post -1.41 earnings per share for the current year.

In other news, SVP Lora D. Blum sold 2,685 shares of the stock in a transaction on Friday, November 16th. The shares were sold at an average price of $12.39, for a total value of $33,267.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas E. Hale sold 18,016 shares of the stock in a transaction on Friday, November 16th. The stock was sold at an average price of $12.40, for a total transaction of $223,398.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,104 shares of company stock valued at $410,339.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new stake in shares of SVMK in the third quarter worth $160,000. Zimmer Partners LP purchased a new position in SVMK during the third quarter valued at $321,000. Janus Henderson Group PLC purchased a new position in SVMK during the third quarter valued at $321,000. Glynn Capital Management LLC purchased a new position in SVMK during the third quarter valued at $404,000. Finally, Dean Capital Investments Management LLC purchased a new position in SVMK during the third quarter valued at $558,000. 50.28% of the stock is owned by hedge funds and other institutional investors.

About SVMK

SVMK Inc provides survey software products 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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Analyst Recommendations for SVMK (NASDAQ:SVMK)

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