SVMK Inc (NASDAQ:SVMK) SVP Lora D. Blum sold 11,400 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $16.82, for a total transaction of $191,748.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of SVMK traded up $0.33 during trading hours on Friday, reaching $17.03. 745,600 shares of the stock traded hands, compared to its average volume of 1,307,297. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.31 and a quick ratio of 1.31. SVMK Inc has a 52 week low of $10.05 and a 52 week high of $20.00. The firm has a market capitalization of $2.14 billion and a P/E ratio of -11.91.
SVMK (NASDAQ:SVMK) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.13. The firm had revenue of $68.64 million for the quarter, compared to the consensus estimate of $68.13 million. During the same period in the previous year, the business earned ($0.06) earnings per share. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, equities research analysts expect that SVMK Inc will post -0.59 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SVMK. Strs Ohio bought a new position in shares of SVMK during the fourth quarter valued at about $58,000. BNP Paribas Arbitrage SA lifted its position in shares of SVMK by 3,055.0% during the first quarter. BNP Paribas Arbitrage SA now owns 3,786 shares of the company’s stock valued at $69,000 after purchasing an additional 3,666 shares in the last quarter. Deutsche Bank AG bought a new position in shares of SVMK during the fourth quarter valued at about $72,000. Legal & General Group Plc bought a new position in shares of SVMK during the third quarter valued at about $80,000. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in SVMK during the fourth quarter worth about $137,000. 59.36% of the stock is currently owned by institutional investors.
A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of SVMK from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine lowered shares of SVMK from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. JPMorgan Chase & Co. raised their price objective on shares of SVMK from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, March 29th. SunTrust Banks raised their price objective on shares of SVMK to $19.00 and gave the company a “positive” rating in a research note on Thursday, March 28th. Finally, Stephens initiated coverage on shares of SVMK in a research note on Friday, March 22nd. They issued an “overweight” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.38.
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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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