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

Wall Street brokerages expect SVMK Inc (NASDAQ:SVMK) to announce sales of $72.62 million for the current quarter, Zacks reports. Two analysts have issued estimates for SVMK’s earnings, with the lowest sales estimate coming in at $72.54 million and the highest estimate coming in at $72.70 million. The business is expected to report its next earnings report after the market closes on Thursday, August 1st.

On average, analysts expect that SVMK will report full-year sales of $298.56 million for the current financial year, with estimates ranging from $294.10 million to $301.90 million. For the next year, analysts expect that the company will post sales of $353.98 million, with estimates ranging from $343.80 million to $368.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow SVMK.

SVMK (NASDAQ:SVMK) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The company had revenue of $75.14 million during the quarter, compared to the consensus estimate of $72.72 million. The business’s revenue was up 19.8% compared to the same quarter last year. During the same period last year, the company earned ($0.02) earnings per share.

A number of brokerages have recently commented on SVMK. Zacks Investment Research raised SVMK from a “sell” rating to a “hold” rating in a research note on Saturday, July 6th. SunTrust Banks reaffirmed a “buy” rating and issued a $22.00 price target on shares of SVMK in a research note on Tuesday. Finally, UBS Group raised SVMK from a “neutral” rating to a “buy” rating and upped their price target for the company from $18.00 to $24.00 in a research note on Friday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $17.88.

Shares of SVMK stock traded up $2.40 on Friday, reaching $18.91. The company had a trading volume of 38,047 shares, compared to its average volume of 1,022,506. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $2.29 billion and a PE ratio of -13.13. The stock’s 50-day simple moving average is $16.83. SVMK has a 12 month low of $10.05 and a 12 month high of $20.00.

In related news, insider Rebecca Cantieri sold 4,148 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $18.00, for a total transaction of $74,664.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Lora D. Blum sold 5,333 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $18.50, for a total value of $98,660.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,690,448 shares of company stock valued at $74,384,195. 26.30% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SVMK. BlackRock Inc. increased its position in shares of 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 during the period. Bank of New York Mellon Corp purchased a new position in SVMK in the 4th quarter valued at about $286,000. Citigroup Inc. purchased a new position in SVMK in the 4th quarter valued at about $175,000. Northern Trust Corp lifted its stake in SVMK by 354.9% in the 4th quarter. Northern Trust Corp now owns 247,733 shares of the company’s stock valued at $3,040,000 after buying an additional 193,279 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in SVMK by 240.9% in the 4th quarter. Geode Capital Management LLC now owns 249,165 shares of the company’s stock valued at $3,057,000 after buying an additional 176,065 shares in the last quarter. 72.03% of the stock is owned by institutional investors and hedge funds.

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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