SVMK (SVMK) Gets a Buy Rating from SunTrust Robinson


SunTrust Robinson analyst Youssef Squali reiterated a Buy rating on SVMK (SVMK) today and set a price target of $24.00. The company’s shares closed last Friday at $15.34.

According to TipRanks.com, Squali is a top 100 analyst with an average return of 23.4% and a 64.6% success rate. Squali covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, ANGI Homeservices, and Uber Technologies.

Currently, the analyst consensus on SVMK is a Moderate Buy with an average price target of $23.80.

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Based on SVMK’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $84.32 million and GAAP net loss of $21.29 million. In comparison, last year the company earned revenue of $67.93 million and had a GAAP net loss of $25.2 million.

Based on the recent corporate insider activity of 102 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.

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