$65.81 Million in Sales Expected for SVMK Inc (SVMK) This Quarter
Brokerages expect SVMK Inc (NASDAQ:SVMK) to post sales of $65.81 million for the current quarter, according to Zacks. Three analysts have issued estimates for SVMK’s earnings. The lowest sales estimate is $65.20 million and the highest is $66.40 million. The company is scheduled to issue its next earnings report on Tuesday, February 12th.
According to Zacks, analysts expect that SVMK will report full-year sales of $252.20 million for the current financial year, with estimates ranging from $251.60 million to $252.80 million. For the next fiscal 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 Investment Research’s sales calculations are an average based on a survey of analysts that cover SVMK.
SVMK (NASDAQ:SVMK) last released its earnings results on Tuesday, November 13th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $65.21 million during the quarter, compared to the consensus estimate of $62.93 million. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period last year, the business posted ($0.13) EPS.
SVMK stock traded up $0.06 during mid-day trading on Tuesday, reaching $11.03. The company’s stock had a trading volume of 13,200 shares, compared to its average volume of 450,319. SVMK has a 12 month low of $10.05 and a 12 month high of $20.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.34.
In other news, CEO Alexander J. Lurie sold 8,344 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $12.39, for a total transaction of $103,382.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas E. Hale sold 18,016 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $12.40, for a total transaction of $223,398.40. The disclosure for this sale can be found here. In the last three months, insiders sold 33,104 shares of company stock valued at $410,339.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc acquired a new stake in shares of SVMK during the 3rd quarter worth about $4,328,000. Vanguard Group Inc. acquired a new stake in shares of SVMK during the 3rd quarter worth about $4,328,000. Morgan Stanley acquired a new stake in shares of SVMK during the 3rd quarter worth about $12,864,000. Putnam Investments LLC acquired a new stake in shares of SVMK during the 3rd quarter worth about $3,596,000. Finally, Pacific Grove Capital LP acquired a new stake in shares of SVMK during the 3rd quarter worth about $727,000. Institutional investors own 50.28% of the company’s stock.
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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