B. Riley set a $5.00 price target on Servicesource International (NASDAQ:SREV) in a report issued on Friday. The firm currently has a buy rating on the technology company’s stock.

Several other equities analysts also recently weighed in on SREV. BidaskClub downgraded Servicesource International from a strong-buy rating to a buy rating in a research report on Friday, June 1st. ValuEngine upgraded Servicesource International from a sell rating to a hold rating in a research report on Saturday, June 2nd. Finally, Zacks Investment Research downgraded Servicesource International from a hold rating to a strong sell rating in a research report on Saturday, August 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Servicesource International has an average rating of Hold and a consensus target price of $4.75.

Shares of SREV stock opened at $2.89 on Friday. The company has a market cap of $265.42 million, a price-to-earnings ratio of 36.13 and a beta of 1.01. Servicesource International has a 12-month low of $2.61 and a 12-month high of $4.47.

Servicesource International (NASDAQ:SREV) last released its earnings results on Monday, August 6th. The technology company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $61.11 million for the quarter, compared to the consensus estimate of $59.47 million. Servicesource International had a positive return on equity of 0.73% and a negative net margin of 10.52%. equities analysts forecast that Servicesource International will post -0.01 EPS for the current fiscal year.

In other news, Director Bruce Dunlevie bought 30,335 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were acquired at an average price of $2.98 per share, for a total transaction of $90,398.30. Following the completion of the transaction, the director now directly owns 141,182 shares in the company, valued at approximately $420,722.36. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 19.00% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Harvest Capital Strategies LLC increased its holdings in shares of Servicesource International by 21.2% in the first quarter. Harvest Capital Strategies LLC now owns 8,302,914 shares of the technology company’s stock valued at $31,634,000 after purchasing an additional 1,454,088 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Servicesource International by 10.8% in the second quarter. BlackRock Inc. now owns 5,188,090 shares of the technology company’s stock valued at $20,443,000 after purchasing an additional 506,561 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Servicesource International by 42.6% in the second quarter. Renaissance Technologies LLC now owns 4,374,367 shares of the technology company’s stock valued at $17,235,000 after purchasing an additional 1,307,221 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Servicesource International by 76.9% in the second quarter. Millennium Management LLC now owns 2,519,445 shares of the technology company’s stock valued at $9,927,000 after purchasing an additional 1,094,838 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Servicesource International by 28.8% in the second quarter. Russell Investments Group Ltd. now owns 1,303,232 shares of the technology company’s stock valued at $5,137,000 after purchasing an additional 291,532 shares during the last quarter. 71.18% of the stock is owned by hedge funds and other institutional investors.

About Servicesource International

ServiceSource International, Inc provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company's solutions include outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account-based marketing, and channel recruitment and enablement, as well as renewals management, including the sale of maintenance and support service contracts for the products used by its clients' end-users.

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