SVMK (NASDAQ:SVMK) Stock Price Down 5.1%

SVMK Inc (NASDAQ:SVMK) fell 5.1% during trading on Friday . The company traded as low as $17.40 and last traded at $17.47, 857,200 shares changed hands during trading. A decline of 40% from the average session volume of 1,436,368 shares. The stock had previously closed at $18.40.

A number of research firms have commented on SVMK. ValuEngine downgraded shares of SVMK from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded shares of SVMK from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. set a $21.00 price objective on shares of SVMK and gave the company a “buy” rating in a research note on Friday, September 27th. Craig Hallum began coverage on shares of SVMK in a research note on Tuesday. They set a “buy” rating and a $25.00 price objective on the stock. Finally, SunTrust Banks reiterated a “buy” rating and set a $22.00 price objective on shares of SVMK in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $18.89.

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $2.32 billion and a P/E ratio of -12.22. The stock’s 50 day simple moving average is $17.48 and its 200 day simple moving average is $17.33.

SVMK (NASDAQ:SVMK) last issued its earnings results on Thursday, August 1st. The company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.04. The company had revenue of $75.14 million for the quarter, compared to analysts’ expectations of $72.72 million. SVMK had a negative net margin of 59.16% and a negative return on equity of 25.79%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) earnings per share. On average, sell-side analysts expect that SVMK Inc will post -0.61 EPS for the current fiscal year.

In other SVMK news, Director Dana L. Evan sold 45,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $17.40, for a total transaction of $783,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Lora D. Blum sold 5,333 shares of the stock in a transaction on Friday, July 26th. The stock was 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. Insiders have sold 163,750 shares of company stock worth $2,874,367 over the last three months. 26.30% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of SVMK. Marshall Wace LLP acquired a new stake in shares of SVMK during the first quarter worth $248,000. Marshall Wace North America L.P. acquired a new stake in shares of SVMK during the first quarter worth $655,000. FMR LLC raised its holdings in shares of SVMK by 341.2% during the first quarter. FMR LLC now owns 14,186,773 shares of the company’s stock worth $258,342,000 after purchasing an additional 10,971,548 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of SVMK during the first quarter worth $189,000. Finally, TB Alternative Assets Ltd. acquired a new stake in shares of SVMK during the second quarter worth $261,000. 74.43% of the stock is currently owned by institutional investors.

SVMK Company Profile (NASDAQ:SVMK)

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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