SVMK (SVMK) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of SVMK (NASDAQ:SVMK) from a hold rating to a sell rating in a research note published on Saturday morning.

According to Zacks, “SVMK Inc. develops survey software. The Company offers a platform which enables organizations to collect and analyze feedback and insights which solves business problems, enhances customer experience and loyalty, improves employee productivity, retention, optimization and marketing investments. SVMK Inc. is based in San Mateo, United States. “

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Several other equities analysts have also recently commented on the stock. ValuEngine cut shares of SVMK from a buy rating to a hold rating in a report on Monday, February 4th. Wells Fargo & Co initiated coverage on shares of SVMK in a report on Tuesday, November 13th. They set a market perform rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $14.86.

NASDAQ SVMK opened at $15.45 on Friday. SVMK has a twelve month low of $10.05 and a twelve month high of $20.00. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $1.97 billion and a price-to-earnings ratio of -10.80.

SVMK (NASDAQ:SVMK) last posted its quarterly earnings data on Wednesday, February 13th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.14. The firm had revenue of $67.90 million for the quarter, compared to analysts’ expectations of $65.88 million. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. As a group, equities analysts expect that SVMK will post -0.55 earnings per share for the current year.

In other news, insider Rebecca Cantieri sold 3,649 shares of the business’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $14.00, for a total transaction of $51,086.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Alexander J. Lurie sold 100,244 shares of the business’s stock in a transaction on Friday, January 18th. The shares were sold at an average price of $12.84, for a total transaction of $1,287,132.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,443 shares of company stock worth $1,784,641.

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of SVMK by 240.9% in the 4th quarter. Geode Capital Management LLC now owns 249,165 shares of the company’s stock valued at $3,057,000 after purchasing an additional 176,065 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in shares of SVMK in the 4th quarter valued at $137,000. MetLife Investment Advisors LLC acquired a new stake in shares of SVMK in the 4th quarter valued at $187,000. Bank of America Corp DE lifted its stake in shares of SVMK by 841.6% in the 4th quarter. Bank of America Corp DE now owns 20,159 shares of the company’s stock valued at $248,000 after purchasing an additional 18,018 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of SVMK in the 4th quarter valued at $248,000. Institutional investors and hedge funds own 59.41% of the company’s stock.

SVMK Company Profile

SVMK Inc provides survey software products 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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