Wall Street brokerages expect SVMK Inc (NASDAQ:SVMK) to report sales of $72.62 million for the current quarter, Zacks reports. Two analysts have provided estimates for SVMK’s earnings. The lowest sales estimate is $72.54 million and the highest is $72.70 million. The business is scheduled to issue its next earnings report after the market closes on Wednesday, August 14th.
On average, analysts expect that SVMK will report full year sales of $298.56 million for the current fiscal year, with estimates ranging from $294.10 million to $301.90 million. For the next financial year, analysts anticipate that the business will report sales of $353.98 million, with estimates ranging from $343.80 million to $368.30 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover SVMK.
SVMK (NASDAQ:SVMK) last issued its earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.13. The company had revenue of $68.64 million during the quarter, compared to analyst estimates of $68.13 million. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.06) EPS.
A number of brokerages have recently issued reports on SVMK. SunTrust Banks lowered shares of Shutterfly from a “buy” rating to a “hold” rating and set a $57.00 target price on the stock. in a research note on Monday, June 10th. Zacks Investment Research lowered shares of Yatra Online from a “hold” rating to a “sell” rating in a research note on Saturday, July 6th. JPMorgan Chase & Co. lowered their price objective on shares of 3M from $158.00 to $154.00 and set an “underweight” rating for the company in a research report on Friday, March 29th. Finally, Stephens set a $5.00 price objective on shares of YRC Worldwide and gave the company a “hold” rating in a research report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $16.75.
In related news, SVP Lora D. Blum sold 1,772 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $16.84, for a total transaction of $29,840.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Tiger Global Management Llc sold 4,500,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $15.82, for a total transaction of $71,190,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,572,078 shares of company stock valued at $72,373,913. Insiders own 26.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of SVMK. BNP Paribas Arbitrage SA grew its position in SVMK by 3,055.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,786 shares of the company’s stock worth $69,000 after purchasing an additional 3,666 shares during the last quarter. Deutsche Bank AG bought a new position in SVMK in the 4th quarter worth about $72,000. Metropolitan Life Insurance Co. NY bought a new position in SVMK in the 4th quarter worth about $137,000. American International Group Inc. bought a new position in SVMK in the 4th quarter worth about $143,000. Finally, Citigroup Inc. bought a new position in SVMK in the 4th quarter worth about $175,000. Hedge funds and other institutional investors own 72.02% of the company’s stock.
Shares of SVMK stock traded up $0.20 during trading on Friday, reaching $16.54. The company had a trading volume of 401,878 shares, compared to its average volume of 2,506,606. The firm has a market capitalization of $2.13 billion and a P/E ratio of -11.57. The firm’s fifty day simple moving average is $16.67. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.31 and a current ratio of 1.31. SVMK has a fifty-two week low of $10.05 and a fifty-two week high of $20.00.
SVMK Inc provides survey software products and purpose-built solutions 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.
See Also: Momentum Indicators
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for SVMK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVMK and related companies with MarketBeat.com's FREE daily email newsletter.