Shares of SVMK Inc (NASDAQ:SVMK) have earned a consensus recommendation of “Buy” from the ten research firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $16.75.
A number of brokerages have recently issued reports on SVMK. Zacks Investment Research upgraded SVMK from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. JPMorgan Chase & Co. raised their price objective on SVMK from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, March 29th. Finally, Stephens began coverage on SVMK in a research report on Friday, March 22nd. They set an “overweight” rating and a $20.00 price objective for the company.
Shares of SVMK remained flat at $$16.66 during mid-day trading on Friday. The stock had a trading volume of 895,355 shares, compared to its average volume of 2,817,786. SVMK has a 52 week low of $10.05 and a 52 week high of $20.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $2.17 billion and a P/E ratio of -11.65. The firm has a 50 day simple moving average of $16.74.
In other SVMK news, major shareholder Tiger Global Management Llc sold 4,500,000 shares of SVMK stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $15.82, for a total value of $71,190,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alexander J. Lurie sold 16,489 shares of SVMK stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $16.39, for a total value of $270,254.71. The disclosure for this sale can be found here. Insiders have sold 4,572,078 shares of company stock valued at $72,373,913 over the last 90 days. 26.30% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. FMR LLC increased its holdings in SVMK by 341.2% in the first quarter. FMR LLC now owns 14,186,773 shares of the company’s stock worth $258,342,000 after purchasing an additional 10,971,548 shares in the last quarter. Miura Global Management LLC increased its holdings in SVMK by 400.0% in the first quarter. Miura Global Management LLC now owns 3,500,000 shares of the company’s stock worth $63,735,000 after purchasing an additional 2,800,000 shares in the last quarter. BlackRock Inc. increased its holdings in SVMK by 166.2% in the fourth quarter. BlackRock Inc. now owns 1,996,824 shares of the company’s stock worth $24,501,000 after purchasing an additional 1,246,826 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in SVMK by 2.7% in the fourth quarter. Lord Abbett & CO. LLC now owns 462,092 shares of the company’s stock worth $5,669,000 after purchasing an additional 12,092 shares in the last quarter. Finally, Vanguard Group Inc. bought a new stake in SVMK in the third quarter worth approximately $4,328,000. Institutional investors and hedge funds own 72.02% of the company’s stock.
SVMK Company Profile
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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