SunTrust Robinson analyst Youssef Squali maintained a Buy rating on SVMK Inc (SVMK) today and set a price target of $17. The company’s shares opened today at $14.73.
Squali noted:
“We note that as of 12/31, SVMK had ~$154M in cash. Enterprise Efforts. Usabilla is a platform that provides its 450 enterprise clients, across 35 countries, the ability to collect and analyze on average 100,000 real-time user feedback interactions daily, which can then be used to inform product and customer experience decisions. Clients include global brands like Lufthansa, Phillips and Vodafone. SurveyMonkey’s acquisition of the company should help reinforce the efforts SVMK has been making to create and expand relationships with enterprise clients. Usabilla expands the product suite SurveyMonkey can offer to provide enterprise clients with a richer experience.”
According to TipRanks.com, Squali is a top 100 analyst with an average return of 22.0% and a 68.3% success rate. Squali covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and Match Group Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for SVMK Inc with a $16.38 average price target.
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Based on SVMK Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $25.2 million. In comparison, last year the company had a net profit of $8.07 million.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock.
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SVMK, Inc. engages in the provision of survey software products. The company was founded by Ryan Finley in 1999 and is headquartered in San Mateo, CA.
