$72.62 Million in Sales Expected for SVMK Inc (SVMK) This Quarter

Wall Street analysts expect SVMK Inc (NASDAQ:SVMK) to post sales of $72.62 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for SVMK’s earnings, with estimates ranging from $72.54 million to $72.70 million. The business is expected to report its next quarterly earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that SVMK will report full year sales of $298.56 million for the current financial year, with estimates ranging from $294.10 million to $301.90 million. For the next year, analysts expect that the firm will report sales of $353.98 million, with estimates ranging from $343.80 million to $368.30 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow SVMK.

SVMK (NASDAQ:SVMK) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.13. The firm had revenue of $68.64 million for the quarter, compared to analyst estimates of $68.13 million. During the same period last year, the company posted ($0.06) earnings per share. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year.



A number of brokerages have commented on SVMK. Zacks Investment Research raised SVMK from a “sell” rating to a “hold” rating in a report on Tuesday, May 21st. ValuEngine lowered SVMK from a “buy” rating to a “hold” rating in a report on Monday, February 4th. JPMorgan Chase & Co. boosted their price objective on SVMK from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, March 29th. SunTrust Banks boosted their price objective on SVMK to $19.00 and gave the stock a “positive” rating in a report on Thursday, March 28th. Finally, Stephens began coverage on SVMK in a report on Friday, March 22nd. They set an “overweight” rating and a $20.00 price objective for the company. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.38.

SVMK stock traded up $0.12 during trading on Tuesday, reaching $17.10. 1,163,152 shares of the stock were exchanged, compared to its average volume of 1,284,885. SVMK has a twelve month low of $10.05 and a twelve month high of $20.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $2.22 billion and a P/E ratio of -11.96.

In other news, CEO Alexander J. Lurie sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $18.00, for a total value of $900,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Lora D. Blum sold 1,772 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $16.84, for a total value of $29,840.48. The disclosure for this sale can be found here. Insiders have sold a total of 12,195,393 shares of company stock valued at $185,307,104 over the last three months. Corporate insiders own 26.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in SVMK. Strs Ohio bought a new position in shares of SVMK in the fourth quarter valued at approximately $58,000. BNP Paribas Arbitrage SA grew its holdings in shares of SVMK by 3,055.0% in the first quarter. BNP Paribas Arbitrage SA now owns 3,786 shares of the company’s stock valued at $69,000 after acquiring an additional 3,666 shares in the last quarter. Deutsche Bank AG bought a new position in shares of SVMK in the fourth quarter valued at approximately $72,000. Legal & General Group Plc bought a new position in shares of SVMK in the third quarter valued at approximately $80,000. Finally, Metropolitan Life Insurance Co. NY bought a new position in shares of SVMK in the fourth quarter valued at approximately $137,000. 70.88% 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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