Needham Releases a Buy Rating on SVMK (SVMK)


In a report released today, Ryan MacDonald from Needham assigned a Buy rating to SVMK (SVMK), with a price target of $24.00. The company’s shares closed last Wednesday at $19.54.

According to TipRanks.com, MacDonald is a 5-star analyst with an average return of 25.5% and a 75.2% success rate. MacDonald covers the Technology sector, focusing on stocks such as Verint Systems, ChannelAdvisor, and Coupa Software.

Currently, the analyst consensus on SVMK is a Strong Buy with an average price target of $23.00, representing a 17.0% upside. In a report issued on May 8, SunTrust Robinson also maintained a Buy rating on the stock with a $24.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $22.27 and a one-year low of $9.35. Currently, SVMK has an average volume of 1.35M.

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SVMK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SVMK, Inc. engages in the provision of survey software products. Its People Powered Data platform enables organizations of any size to have conversations at scale to deliver customer, employee, and market insights. The company was founded by Ryan Finley in 1999 and is headquartered in San Mateo, CA.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts