On Jan. 05, Hale Thomas E divested U.S. $2,224,949 in shares of SVMK Inc.. The Pres sold 82,365 shares at a price per share of $27.01. The transaction decreased this specific insider’s holdings to 363,186 shares worth around $9.78 million at present.
Berenberg launched its SVMK Inc. [SVMK] rating to the equivalent of a Buy and assigned the price target of $27, in a research note dated July 21, 2020. That figure represents around a 0.26% premium from where the company’s shares closed on Thursday. Some new analysts also started their coverage, with Berenberg’s analysts assigning the shares to “a Buy” rating in a research note to investors issued in late July. Meanwhile, Wells Fargo had raised its rating on SVMK to “an Overweight” from the earlier “an Equal weight”, in a research note produced for clients May 18, 2020. In addition, there was a new coverage from Needham on May 14, 2020. The research firm rated SVMK “a Buy”.
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Is SVMK Inc. [NASDAQ:SVMK] a Good Buy Right Now?
It should be noted that SVMK technical indicators for short, intermediate as well as long term progress have placed an overall average of 72% as Buy. The average signal changed from 72% Buy in the last week and compares with 24% Sell in the past month. Data from SVMK Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 1.02 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 1.06 million shares while the medium term average advocated for Hold. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.95 million shares.
SVMK Price Performance
On Wall Street, SVMK Inc. [NASDAQ:SVMK] finished Thursday’s session up 3.06% at $26.93. The stock went up to $27.01 at the same session while its lowest single day price was $26.15. In the last five days, it saw a rise of about 6.04%, SVMK Inc. shares gained by almost 5.40% since the beginning of the year. However, the share price has dropped to as low as -0.63% below its one year high. On 01/05/21, the company shares recorded $27.10, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $24.86. The company’s shares have inclined by 43.70% in the past year. The 50-day SMA achieved is $22.64 while the 200-day SMA is $21.25. Volume dropped to 0.53 million from 1.02 million in the previous session.
SVMK Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 26.38 level, and in case of violation of this particular level, it will cause more drop to 25.84 level. On the upper level, 27.56 is still the key resistance. The stock may increase to the subsequent resistance at 27.24. The Relative Strength Index (RSI) pinned on the 14-day chart is 71.89, implying a overbought technical stance while the MACD stands at 1.18, meaning price will increase in the next trading period. Percent R indicator moved to 4.49%, implying bullish price movement. Stochastic %K at 86.87% suggest selling the stock.
What is the short interest in SVMK Inc.?
Short interest in the SVMK Inc. stock has plunged, decreasing by -0.63 million shares to total 4.94 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 4.31 million, data from Yahoo Finance shows. The increase of 12.75% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 5.25% of the overall float for the stock.
SVMK Inc.’s Biggest Shareholders: Who Owns SVMK Inc. [SVMK]?
Filings by Fidelity Management & Research Co showed that the firm now holds a total of 11,943,730 shares or roughly 8.40% of the outstanding SVMK shares. This means their shares have increased by 10,508,028 from the 11,943,730 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $211,962,313. Details in the latest 13F filings reveal that Wellington Management Co. LLP disposed off their -38.46% stake valued at $185,939,597 while BlackRock Fund Advisors added theirs at $161,687,164. During the last quarter, Wellington Management Co. LLP liquidated -5,459,847 of its shares in SVMK Inc. while BlackRock Fund Advisors bought 307,736 shares. The Capital Research & Management Co’s holdings currently number 6,919,121 shares at $186331928.53. According to the firm’s last 13F report, Lord, Abbett & Co. LLC shares in the company at filing stood at 5,306,584 shares, roughly $112,924,108.
SVMK Earnings Forecast For The Current Quarter
SVMK Inc. [SVMK] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $100.51M and an earnings per share of $0 for Dec 2020. Looking further ahead, the company is expected to report revenue of $105.09M at an EPS of $0 for Mar 2021. The estimates represent upside of 20.20% and 225.00% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
SVMK Earnings Estimates For The Current Year
For the financial year, SVMK Inc. [NASDAQ:SVMK] is expected to bring in revenue of $375.23M. The returns are nearly $67.81 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.04, higher than that of FY19 by $0.01. Estimates put this year’s earnings growth at 20.00%, 225.00% for the next, and at an annual -9.46% over the next 5-year period. As for sales, forecasts are for an increase of 22.10% in the current fiscal year and a further 20.20% over the following year.
What are analyst thoughts on SVMK Inc.?
Looking forward to the SVMK Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for SVMK Inc. stock at $27.50 within the next 12 months, which represents almost 2.07 per cent growth from its previous closing price of $26.93. The highest analysts’ target for SVMK Inc. stock projections is $30.00 and the lowest one is $27.00. Still, 10 analysts sharing their consensus rating for SVMK stock in 2021 agree that it is a Buy.