SVMK (SVMK) – Research Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for SVMK (NASDAQ: SVMK):

  • 10/22/2018 – SVMK is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $15.00 price target on the stock.
  • 10/22/2018 – SVMK is now covered by analysts at JMP Securities. They set an “outperform” rating and a $16.00 price target on the stock.
  • 10/22/2018 – SVMK is now covered by analysts at Credit Suisse Group AG. They set a “neutral” rating and a $13.00 price target on the stock.
  • 10/22/2018 – SVMK is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $15.00 price target on the stock.
  • 10/22/2018 – SVMK is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $16.00 price target on the stock. They wrote, “We believe SVMK is effectively leveraging its brand, freemium/easy-to-use product, large registered user base and infrastructure to sustainably grow revenues double digits and gain share in the large business intelligence market. The subscription model affords SVMK good revenue and cash flow visibility, while its enterprise upsell initiative/Salesforce partnership is a powerful source of future growth, in our view. We’re initiating with a Buy rating and $16 PT. Bringing more intelligence to decision making. SVMK Inc. (aka SurveyMonkey) is a leading global provider of survey software products with more than 16M registered users and more than 600K paying users. The software enables users to capture the human voice at scale, which allows clients to make better informed business decisions.””
  • 10/22/2018 – SVMK is now covered by analysts at Bank of America Corp. They set a “buy” rating and a $16.00 price target on the stock.

SVMK opened at $10.30 on Wednesday. SVMK Inc has a 12-month low of $10.05 and a 12-month high of $20.00.

In other news, Director Ryan Finley bought 80,000 shares of the firm’s stock in a transaction that occurred on Friday, September 28th. The shares were purchased at an average price of $12.00 per share, with a total value of $960,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

SurveyMonkey Inc develops online survey software to Fortune 100 companies, other businesses, academic institutions, organizations, and individuals worldwide. It offers SurveyMonkey that enables users to design and send professional surveys, and perform data analysis, as well as support various projects, teams, and organizations; SurveyMonkey CX, a Net Promoter Score (NPS) solution to collect, understand, and act on customer feedback; and Wufoo, which helps users to create contact forms, online surveys, and invitations.

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