SVMK Inc (NASDAQ:SVMK) President Thomas E. Hale sold 23,432 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $16.39, for a total value of $384,050.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of SVMK traded up $0.33 during midday trading on Friday, hitting $17.03. 745,600 shares of the company’s stock traded hands, compared to its average volume of 1,307,297. SVMK Inc has a 1 year low of $10.05 and a 1 year high of $20.00. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.27. The firm has a market cap of $2.14 billion and a PE ratio of -11.91.
SVMK (NASDAQ:SVMK) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.13. The business had revenue of $68.64 million for the quarter, compared to analysts’ expectations of $68.13 million. During the same quarter in the prior year, the company posted ($0.06) EPS. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. As a group, research analysts forecast that SVMK Inc will post -0.59 EPS for the current year.
A number of analysts have weighed in on the company. SunTrust Banks upped their target price on SVMK to $19.00 and gave the stock a “positive” rating in a report on Thursday, March 28th. Stephens assumed coverage on SVMK in a report on Friday, March 22nd. They set an “overweight” rating and a $20.00 target price for the company. Zacks Investment Research lowered SVMK from a “buy” rating to a “sell” rating in a report on Tuesday, February 19th. ValuEngine lowered SVMK from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Finally, JPMorgan Chase & Co. upped their target price on SVMK from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, March 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. SVMK currently has a consensus rating of “Hold” and an average target price of $16.38.
Several institutional investors and hedge funds have recently modified their holdings of SVMK. BlackRock Inc. purchased a new stake in shares of SVMK during the 3rd quarter valued at $12,023,000. JPMorgan Chase & Co. purchased a new position in SVMK in the 3rd quarter worth $3,129,000. Man Group plc purchased a new position in SVMK in the 3rd quarter worth $753,000. Morgan Stanley purchased a new position in SVMK in the 3rd quarter worth $12,864,000. Finally, Vanguard Group Inc. purchased a new position in SVMK in the 3rd quarter worth $4,328,000. Hedge funds and other institutional investors own 59.36% of the company’s stock.
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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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