Support.com (NASDAQ:SPRT) Upgraded to “C+” at TheStreet
TheStreet upgraded shares of Support.com (NASDAQ:SPRT) from a d+ rating to a c+ rating in a report issued on Friday morning, TheStreetRatingsTable reports.
Shares of SPRT opened at $1.94 on Friday. Support.com has a fifty-two week low of $1.48 and a fifty-two week high of $2.78. The firm has a market cap of $37.13 million, a price-to-earnings ratio of 8.86 and a beta of 0.19. The firm has a 50 day moving average price of $1.77 and a 200-day moving average price of $1.70.
Several hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new position in Support.com in the 2nd quarter worth $33,000. JBF Capital Inc. boosted its position in Support.com by 24.5% during the second quarter. JBF Capital Inc. now owns 327,757 shares of the technology company’s stock valued at $531,000 after buying an additional 64,501 shares during the period. Perritt Capital Management Inc. purchased a new stake in Support.com during the second quarter valued at about $162,000. George Kaiser Family Foundation purchased a new stake in Support.com during the third quarter valued at about $359,000. Finally, Vanguard Group Inc. grew its stake in shares of Support.com by 31.8% during the second quarter. Vanguard Group Inc. now owns 996,045 shares of the technology company’s stock valued at $1,614,000 after buying an additional 240,293 shares during the last quarter. 33.63% of the stock is currently owned by institutional investors.
Support.com, Inc provides customer support services, end user software, and cloud-based software primarily in the United States. The company offers turnkey and outsourced support services for service providers, retailers, original equipment manufacturers (OEMs), warranty providers, Internet of Things solution providers, and technology companies.
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