SVMK (SVMK) Receives a Rating Update from a Top Analyst
SunTrust Robinson analyst Youssef Squali reiterated a Buy rating on SVMK (SVMK) yesterday and set a price target of $24.00. The company’s shares closed last Monday at $18.45.
According to TipRanks.com, Squali is a top 25 analyst with an average return of 31.9% and a 74.8% success rate. Squali covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, ANGI Homeservices, and Uber Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SVMK with a $23.00 average price target.
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Based on SVMK’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $16.31 million. In comparison, last year the company had a GAAP net loss of $25.2 million.
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.
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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.