SVMK (NASDAQ:SVMK) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS

SVMK (NASDAQ:SVMK) issued its earnings results on Thursday. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.14, Fidelity Earnings reports. The firm had revenue of $84.32 million during the quarter, compared to analysts’ expectations of $83.83 million. SVMK had a negative return on equity of 29.90% and a negative net margin of 26.72%. SVMK updated its Q1 2020
After-Hours guidance to EPS and its FY 2020
After-Hours guidance to EPS.

SVMK stock traded up $3.36 during midday trading on Friday, hitting $21.81. The stock had a trading volume of 7,243,838 shares, compared to its average volume of 1,175,450. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -36.35 and a beta of 1.60. SVMK has a 52 week low of $11.60 and a 52 week high of $22.03. The stock has a 50-day simple moving average of $18.58 and a 200 day simple moving average of $17.85. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.01.

Several research analysts recently commented on the company. Wells Fargo & Co raised their target price on SVMK from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. SunTrust Banks reaffirmed a “buy” rating and issued a $24.00 target price on shares of SVMK in a research report on Thursday. Finally, ValuEngine raised SVMK from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $22.50.

In other SVMK news, CAO Dharti Patel sold 1,673 shares of SVMK stock in a transaction on Monday, November 18th. The stock was sold at an average price of $16.97, for a total transaction of $28,390.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Schoenstein sold 3,940 shares of SVMK stock in a transaction on Monday, November 18th. The shares were sold at an average price of $16.97, for a total value of $66,861.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 331,529 shares of company stock valued at $6,433,006. 26.30% of the stock is owned by company insiders.

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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Earnings History for SVMK (NASDAQ:SVMK)

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