Support.com (NASDAQ:SPRT) was upgraded by analysts at TheStreet from a “d+” rating to a “c+” rating in a note issued to investors on Friday, TheStreetRatingsTable reports.
Shares of Support.com stock opened at $1.94 on Friday. The company’s 50-day moving average price is $1.77 and its 200-day moving average price is $1.70. Support.com has a 12-month low of $1.48 and a 12-month high of $2.78. The company has a market cap of $37.13 million, a price-to-earnings ratio of 8.86 and a beta of 0.19.
Institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in Support.com in the 2nd quarter valued at $33,000. Perritt Capital Management Inc. purchased a new position in Support.com in the second quarter worth $162,000. George Kaiser Family Foundation purchased a new position in Support.com in the third quarter worth $359,000. JBF Capital Inc. increased its stake in Support.com by 24.5% in the second quarter. JBF Capital Inc. now owns 327,757 shares of the technology company’s stock valued at $531,000 after acquiring an additional 64,501 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Support.com by 31.8% in the second quarter. Vanguard Group Inc. now owns 996,045 shares of the technology company’s stock valued at $1,614,000 after acquiring an additional 240,293 shares during the last quarter. 33.63% of the stock is currently owned by institutional investors and hedge funds.
Support.com, Inc provides customer support services, end user software, and cloud-based software primarily in the United States. The company offers turnkey and outsourced support services for service providers, retailers, original equipment manufacturers (OEMs), warranty providers, Internet of Things solution providers, and technology companies.
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