Servicesource International Inc (NASDAQ:SREV) Shifting Institutional Investors Sentiment

June 15, 2018 - By Richard Conner

ServiceSource International, Inc. (NASDAQ:SREV) Logo

Sentiment for Servicesource International Inc (NASDAQ:SREV)

Servicesource International Inc (NASDAQ:SREV) institutional sentiment increased to 1.43 in 2018 Q1. Its up 0.31, from 1.12 in 2017Q4. The ratio is more positive, as 43 active investment managers increased or started new stock positions, while 30 reduced and sold holdings in Servicesource International Inc. The active investment managers in our partner’s database now have: 59.76 million shares, up from 56.58 million shares in 2017Q4. Also, the number of active investment managers holding Servicesource International Inc in their top 10 stock positions decreased from 2 to 1 for a decrease of 1. Sold All: 6 Reduced: 24 Increased: 28 New Position: 15.

ServiceSource International, Inc. provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company has market cap of $362.97 million. It offers end-to-end management and optimization of the service-contract renewals process, including data management, quoting, selling, and recurring revenue business intelligence. It currently has negative earnings. The companyÂ’s solutions include outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account marketing, and channel recruitment and enablement, as well as renewals management, including the sale of maintenance and support service contracts for the products used by its clientsÂ’ end-users.

The stock decreased 0.75% or $0.03 during the last trading session, reaching $3.99. About 204,890 shares traded. ServiceSource International, Inc. (NASDAQ:SREV) has risen 24.51% since June 15, 2017 and is uptrending. It has outperformed by 11.94% the S&P500.

Analysts await ServiceSource International, Inc. (NASDAQ:SREV) to report earnings on August, 6. They expect $-0.01 earnings per share, down 150.00 % or $0.03 from last year’s $0.02 per share. After $-0.04 actual earnings per share reported by ServiceSource International, Inc. for the previous quarter, Wall Street now forecasts -75.00 % EPS growth.

Harvest Capital Strategies Llc holds 4.94% of its portfolio in ServiceSource International, Inc. for 8.30 million shares. Rgm Capital Llc owns 6.81 million shares or 2.28% of their US portfolio. Moreover, Lyon Street Capital Llc has 1.37% invested in the company for 1.12 million shares. The Wyoming-based Cannell Capital Llc has invested 1.27% in the stock. Prescott Group Capital Management L.L.C., a Oklahoma-based fund reported 1.42 million shares.

ServiceSource International, Inc. (NASDAQ:SREV) Ratings Coverage

Ratings analysis reveals 100% of ServiceSource International Inc’s analysts are positive. Out of 2 Wall Street analysts rating ServiceSource International Inc, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $5 while the high is $500. The stock’s average target of $5 is 25.31% above today’s ($3.99) share price. SREV was included in 2 notes of analysts from March 27, 2018. FBR Capital initiated ServiceSource International, Inc. (NASDAQ:SREV) on Tuesday, March 27 with “Buy” rating.

Another recent and important ServiceSource International, Inc. (NASDAQ:SREV) news was published by Globenewswire.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Southern Missouri, Marlin Business Services …” on June 05, 2018.

ServiceSource International, Inc. (NASDAQ:SREV) Institutional Positions Chart

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