Breaking: Could Servicesource International Inc See a Reversal After Breaking Its 52-Week High?

Breaking: Could Servicesource International Inc See a Reversal After Breaking Its 52 Week High?

The stock of Servicesource International Inc (NASDAQ:SREV) hit a new 52-week high and has $6.30 target or 6.00% above today’s $5.94 share price. The 6 months bullish chart indicates low risk for the $521.68M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $6.30 price target is reached, the company will be worth $31.30M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 162,860 shares traded hands. Servicesource International Inc (NASDAQ:SREV) has risen 39.39% since April 21, 2016 and is uptrending. It has outperformed by 34.06% the S&P500.

Analysts await Servicesource International Inc (NASDAQ:SREV) to report earnings on February, 27.

According to Zacks Investment Research, “ServiceSource provides a suite of cloud applications for service revenue management. The Company provides end-to-end management and optimization of the service contract renewals process, including data management, quoting, selling and service revenue business intelligence. Its solution is based on the proprietary Service Revenue Intelligence Platform, a data warehouse that incorporates transactional, analytical and industry data gathered from over two million service renewal transactions. The Company’s offering finds its application in all industries. ServiceSource is headquartered in San Francisco, California.”

Insitutional Activity: The institutional sentiment decreased to 1.25 in 2016 Q2. Its down 0.59, from 1.84 in 2016Q1. The ratio turned negative, as 5 funds sold all Servicesource International Inc shares owned while 20 reduced positions. 11 funds bought stakes while 35 increased positions. They now own 63.99 million shares or 0.83% more from 63.46 million shares in 2016Q1.
Alliancebernstein Lp accumulated 0% or 32,220 shares. Blair William & Commerce Il has 38,300 shares for 0% of their US portfolio. Vanguard Grp Inc owns 2.14M shares or 0% of their US portfolio. Bnp Paribas Arbitrage Sa, a New York-based fund reported 2,381 shares. Renaissance Tech Ltd Company holds 0.01% or 1.73M shares in its portfolio. Jpmorgan Chase And Co owns 347 shares or 0% of their US portfolio. Metropolitan Life Ins Ny has invested 0% of its portfolio in Servicesource International Inc (NASDAQ:SREV). Pinnacle Financial owns 34,000 shares or 0.03% of their US portfolio. Soros Fund Mgmt Limited Com has 0% invested in the company for 46,460 shares. Manufacturers Life Ins The, a Ontario – Canada-based fund reported 47,729 shares. Citigroup Inc last reported 6,712 shares in the company. Nomura Incorporated accumulated 111,080 shares or 0% of the stock. State Street Corporation holds 0% or 933,101 shares in its portfolio. Fmr Ltd Limited Liability Company has invested 0% of its portfolio in Servicesource International Inc (NASDAQ:SREV). Credit Suisse Ag has 67,311 shares for 0% of their US portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 1 insider sale for $69,862 net activity. Campione Richard had sold 18,625 shares worth $69,862.

More recent Servicesource International Inc (NASDAQ:SREV) news were published by: Marketwatch.com which released: “ServiceSource International Inc.” on March 25, 2011. Also Quotes.Wsj.com published the news titled: “News ServiceSource International Inc.SREV” on March 19, 2011. Businesswire.com‘s news article titled: “GPM Announces Investigation of ServiceSource International, Inc.” with publication date: July 20, 2015 was also an interesting one.

SREV Company Profile

ServiceSource International, Inc. (ServiceSource), incorporated on November 12, 2002, is a well-known provider of customer and revenue lifecycle solutions that improve enterprise revenue relationships. The Firm operates through two divisions: Managed Services, and Cloud and Business Intelligence (CBI). Based on the science of Revenue Lifecycle Management (RLM), the Company provides business to business (B2B) companies with technology-enabled services and solutions that allow growing and retaining revenue from existing customers, directly or through a channel. The Company’s cloud software technologies are an integral component to its RLM technology platform and may be managed by ServiceSource or provided directly to the client. The Firm manages approximately 150 engagements across 80 clients.

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