SVMK (NASDAQ:SVMK) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Tuesday.

A number of other research firms also recently weighed in on SVMK. SunTrust Banks started coverage on SVMK in a report on Monday, October 22nd. They set a “buy” rating and a $16.00 target price for the company. JMP Securities started coverage on SVMK in a report on Monday, October 22nd. They set an “outperform” rating and a $16.00 target price for the company. Credit Suisse Group started coverage on SVMK in a report on Monday, October 22nd. They set a “neutral” rating and a $13.00 target price for the company. Wells Fargo & Co started coverage on SVMK in a report on Tuesday, November 13th. They set a “market perform” rating and a $13.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on SVMK in a report on Monday, October 22nd. They set an “overweight” rating and a $15.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $14.86.

SVMK opened at $14.22 on Tuesday. SVMK has a fifty-two week low of $10.05 and a fifty-two week 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.

SVMK (NASDAQ:SVMK) last posted its earnings results on Tuesday, November 13th. The company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $65.21 million for the quarter, compared to analyst estimates of $62.93 million. During the same period in the prior year, the business posted ($0.13) EPS. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. As a group, analysts expect that SVMK will post -1.41 EPS for the current fiscal year.

In related news, Director Ryan Finley purchased 80,000 shares of the firm’s stock in a transaction that occurred on Friday, September 28th. The shares were bought at an average price of $12.00 per share, for a total transaction of $960,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alexander J. Lurie sold 8,344 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $12.39, for a total value of $103,382.16. The disclosure for this sale can be found here. Insiders have sold 33,104 shares of company stock valued at $410,339 in the last three months.

Several hedge funds and other institutional investors have recently modified their holdings of SVMK. FMR LLC bought a new position in shares of SVMK in the third quarter worth $56,572,000. Baillie Gifford & Co. bought a new position in shares of SVMK in the third quarter worth $28,369,000. Capital International Investors bought a new position in shares of SVMK in the third quarter worth $13,866,000. Morgan Stanley bought a new position in shares of SVMK in the third quarter worth $12,864,000. Finally, BlackRock Inc. bought a new position in shares of SVMK in the third quarter worth $12,023,000. Institutional investors own 50.28% of the company’s stock.

SVMK Company Profile

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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Analyst Recommendations for SVMK (NASDAQ:SVMK)

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