Insider Buying: Servicesource International Inc (SREV) CEO Buys 100,000 Shares of Stock

Servicesource International Inc (NASDAQ:SREV) CEO Gary B. Moore purchased 100,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was purchased at an average cost of $0.98 per share, for a total transaction of $98,000.00. Following the acquisition, the chief executive officer now owns 806,198 shares of the company’s stock, valued at approximately $790,074.04. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

SREV opened at $0.97 on Wednesday. The firm has a market capitalization of $89.59 million, a P/E ratio of -24.30 and a beta of 1.79. The company has a current ratio of 2.26, a quick ratio of 3.07 and a debt-to-equity ratio of 0.32. Servicesource International Inc has a 52 week low of $0.85 and a 52 week high of $4.47.

Servicesource International (NASDAQ:SREV) last released its earnings results on Wednesday, May 8th. The technology company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02. The business had revenue of $55.51 million for the quarter, compared to analysts’ expectations of $53.16 million. Servicesource International had a negative return on equity of 4.20% and a negative net margin of 8.06%. As a group, sell-side analysts anticipate that Servicesource International Inc will post -0.13 earnings per share for the current fiscal year.



Several research analysts have recently weighed in on SREV shares. Zacks Investment Research cut shares of Servicesource International from a “hold” rating to a “strong sell” rating in a report on Thursday, February 21st. B. Riley set a $2.00 price target on shares of Servicesource International and gave the stock a “buy” rating in a report on Friday, February 15th. Finally, ValuEngine raised shares of Servicesource International from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Servicesource International currently has a consensus rating of “Hold” and a consensus target price of $1.25.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fiduciary Trust Co. bought a new position in Servicesource International in the first quarter valued at $31,000. Blair William & Co. IL bought a new position in Servicesource International in the first quarter valued at $44,000. SG Americas Securities LLC bought a new position in Servicesource International in the fourth quarter valued at $48,000. Brandywine Managers LLC bought a new position in Servicesource International in the fourth quarter valued at $82,000. Finally, Hamilton Lane Advisors LLC bought a new position in Servicesource International in the fourth quarter valued at $98,000. 73.25% of the stock is currently owned by institutional investors and hedge funds.

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About Servicesource International

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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