Wall Street analysts predict that SVMK Inc (NASDAQ:SVMK) will post sales of $65.81 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for SVMK’s earnings, with the highest sales estimate coming in at $66.40 million and the lowest estimate coming in at $65.20 million. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, February 13th.

According to Zacks, analysts expect that SVMK will report full year sales of $252.20 million for the current year, with estimates ranging from $251.60 million to $252.80 million. For the next year, analysts expect that the firm will post sales of $286.53 million, with estimates ranging from $284.98 million to $288.10 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow SVMK.

SVMK (NASDAQ:SVMK) last released its quarterly earnings data on Tuesday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. The business had revenue of $65.21 million for the quarter, compared to analysts’ expectations of $62.93 million. During the same quarter in the prior year, the firm earned ($0.13) earnings per share. SVMK’s quarterly revenue was up 17.9% compared to the same quarter last year.

SVMK has been the subject of several research reports. UBS Group initiated coverage on shares of SVMK in a research note on Monday, October 22nd. They set a “neutral” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of SVMK in a research note on Monday, October 22nd. They set an “overweight” rating and a $15.00 price objective for the company. Bank of America initiated coverage on shares of SVMK in a research note on Monday, October 22nd. They set a “buy” rating and a $16.00 price objective for the company. JMP Securities initiated coverage on shares of SVMK in a research note on Monday, October 22nd. They set an “outperform” rating and a $16.00 price objective for the company. Finally, SunTrust Banks started coverage on shares of SVMK in a research note on Monday, October 22nd. They set a “buy” rating and a $16.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $14.86.

SVMK traded down $0.29 during trading on Friday, hitting $12.72. 2,026 shares of the company’s stock were exchanged, compared to its average volume of 217,770. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.34. SVMK has a 1 year low of $10.05 and a 1 year high of $20.00.

In other news, insider Rebecca Cantieri sold 4,059 shares of the company’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $12.39, for a total value of $50,291.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Lora D. Blum sold 2,685 shares of the company’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $12.39, for a total transaction of $33,267.15. The disclosure for this sale can be found here. Insiders sold 133,348 shares of company stock valued at $1,697,472 over the last 90 days.

Hedge funds have recently made changes to their positions in the company. Strs Ohio purchased a new position in shares of SVMK in the fourth quarter valued at $58,000. Legal & General Group Plc purchased a new position in shares of SVMK in the third quarter valued at $80,000. Hsbc Holdings PLC purchased a new position in shares of SVMK in the third quarter valued at $160,000. Zimmer Partners LP purchased a new position in shares of SVMK in the third quarter valued at $321,000. Finally, Janus Henderson Group PLC purchased a new position in shares of SVMK in the third quarter valued at $321,000. Institutional investors and hedge funds own 50.29% of the company’s stock.

About SVMK

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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