SVMK Inc (NASDAQ:SVMK) Expected to Announce Quarterly Sales of $72.62 Million

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.

About SVMK

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.

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