SunTrust Robinson analyst Youssef Squali maintained a Buy rating on SVMK Inc (SVMK) today and set a price target of $22. The company’s shares closed yesterday at $18.14.
Squali wrote:
“We expect in-line results from SVMK when the company reports its fourth quarter as a public company on Thur. 8/1 AMC. We believe the top line will benefit from accelerating Y/Y growth in paying users, driven primarily by strong execution in Enterprise/Teams, while the lapping of packages/price increase (as well as the monetization of free users) is likely to cause a sequential slowdown in ARPU. We believe management will reiterate guidance, which calls for accelerating growth in 2H19 (+20% at the midpoint). We maintain a positive stance on the stock, a Buy rating and $22 PT. 2Q19 Results. We expect $72.7M (+17.1% Y/Y) in revs and ($2.1M), or -2.9% margin, in non-GAAP Operating Income, in-line with consensus estimates of $72.7M/($2.1M). We note that management guided to $72-73M in revs and -4% to -2% in Non-GAAP Operating margin.”
According to TipRanks.com, Squali is a top 100 analyst with an average return of 26.8% and a 74.6% success rate. Squali covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, Uber Technologies Inc, and IAC/InterActiveCorp.
SVMK Inc has an analyst consensus of Moderate Buy, with a price target consensus of $22.
See today’s analyst top recommended stocks >>
Based on SVMK Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $17.78 million. In comparison, last year the company had a GAAP net loss of $12.46 million.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock.
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.
