ServiceSource International Inc (SREV) Receives a Buy from B.Riley FBR

By Carrie Williams

In a report released yesterday, Zach Cummins from B.Riley FBR reiterated a Buy rating on ServiceSource International Inc (SREVResearch Report), with a price target of $2. The company’s shares closed yesterday at $1.19, close to its 52-week low of $1.16.

According to TipRanks.com, Cummins ‘ ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -16.8% and a 20.0% success rate. Cummins covers the Technology sector, focusing on stocks such as American Software, ChannelAdvisor, and Computer Task.

ServiceSource International Inc has an analyst consensus of Moderate Buy, with a price target consensus of $2.

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Based on ServiceSource International Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $6.63 million. In comparison, last year the company had a GAAP net loss of $5.2 million.

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ServiceSource International, Inc. engages in the provision of performance-based customer success and revenue growth solutions. It offers inside sales, revenue retention, sales enablement, and channel management. The company was founded by Michael A. Smerklo in November 2002 and is headquartered in Denver, CO.