Northland Securities set a $5.00 target price on ServiceSource International, Inc. (NASDAQ:SREV) in a research report report published on Friday. The firm currently has a hold rating on the technology company’s stock.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of ServiceSource International from a hold rating to a buy rating and set a $3.75 price target for the company in a research report on Saturday, May 13th. TheStreet lowered shares of ServiceSource International from a c- rating to a d+ rating in a research report on Wednesday, April 5th. Finally, BidaskClub lowered shares of ServiceSource International from a buy rating to a hold rating in a research report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $5.58.

Shares of ServiceSource International (NASDAQ SREV) opened at 3.80 on Friday. The firm’s market cap is $336.72 million. ServiceSource International has a 12-month low of $2.82 and a 12-month high of $6.25. The company has a 50-day moving average of $3.78 and a 200 day moving average of $4.02.

ServiceSource International (NASDAQ:SREV) last issued its quarterly earnings results on Monday, May 8th. The technology company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). ServiceSource International had a negative net margin of 13.85% and a negative return on equity of 5.65%. The firm had revenue of $56.71 million during the quarter, compared to analyst estimates of $56.79 million. During the same quarter in the prior year, the business posted ($0.01) earnings per share. ServiceSource International’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that ServiceSource International will post $0.06 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of SREV. Russell Investments Group Ltd. bought a new position in shares of ServiceSource International during the fourth quarter valued at approximately $141,000. American International Group Inc. raised its position in shares of ServiceSource International by 7.1% in the first quarter. American International Group Inc. now owns 37,580 shares of the technology company’s stock valued at $146,000 after buying an additional 2,484 shares during the period. Goldman Sachs Group Inc. raised its position in shares of ServiceSource International by 30.8% in the first quarter. Goldman Sachs Group Inc. now owns 39,467 shares of the technology company’s stock valued at $153,000 after buying an additional 9,284 shares during the period. Metropolitan Life Insurance Co. NY raised its position in shares of ServiceSource International by 11.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 43,342 shares of the technology company’s stock valued at $168,000 after buying an additional 4,430 shares during the period. Finally, Concourse Capital Management LLC bought a new position in shares of ServiceSource International during the first quarter valued at approximately $282,000. 67.16% of the stock is owned by hedge funds and other institutional investors.

About ServiceSource International

ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).

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