StockNews.com initiated coverage on shares of ServiceSource International (NASDAQ:SREV – Get Rating) in a research note issued on Monday. The brokerage set a “strong-buy” rating on the technology company’s stock.
ServiceSource International Stock Performance
Shares of NASDAQ SREV opened at $1.50 on Monday. The stock has a market cap of $150.39 million, a PE ratio of -16.66 and a beta of 1.55. ServiceSource International has a fifty-two week low of $0.93 and a fifty-two week high of $1.63. The stock has a fifty day moving average of $1.48 and a 200-day moving average of $1.33.
Hedge Funds Weigh In On ServiceSource International
Several hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. purchased a new position in ServiceSource International during the second quarter worth about $38,000. State Street Corp boosted its holdings in shares of ServiceSource International by 19.9% in the 2nd quarter. State Street Corp now owns 313,629 shares of the technology company’s stock worth $461,000 after purchasing an additional 52,100 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of ServiceSource International by 7.7% in the 2nd quarter. Northern Trust Corp now owns 167,536 shares of the technology company’s stock worth $246,000 after purchasing an additional 11,943 shares in the last quarter. Edenbrook Capital LLC boosted its holdings in shares of ServiceSource International by 0.7% in the 2nd quarter. Edenbrook Capital LLC now owns 21,027,518 shares of the technology company’s stock worth $30,911,000 after purchasing an additional 146,909 shares in the last quarter. Finally, AMH Equity Ltd boosted its holdings in shares of ServiceSource International by 2.9% in the 2nd quarter. AMH Equity Ltd now owns 2,437,911 shares of the technology company’s stock worth $3,584,000 after purchasing an additional 68,621 shares in the last quarter. 73.55% of the stock is currently owned by hedge funds and other institutional investors.
ServiceSource International Company Profile
ServiceSource International, Inc provides business process-as-a-service solutions worldwide. The company provides digital solutions, including demand qualification, demand conversion, and account management; customer success solutions, such as onboarding, adoption, and renewals management; CJX solutions; and channel management solutions comprise partner recruitment, partner onboarding and enablement, and partner success management.
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