Spok (NASDAQ:SPOK – Get Rating) was upgraded by stock analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Friday.

A number of other brokerages have also commented on SPOK. TheStreet raised Spok from a "d+" rating to a "c-" rating in a research note on Monday, October 10th. Lake Street Capital reissued a "buy" rating and set a $15.00 price target on shares of Spok in a research note on Monday, December 19th.

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Spok Stock Down 1.1 %

NASDAQ:SPOK opened at $8.25 on Friday. The stock's 50-day simple moving average is $8.20 and its 200 day simple moving average is $7.77. The firm has a market capitalization of $162.56 million, a PE ratio of -8.42 and a beta of 0.31. Spok has a twelve month low of $6.13 and a twelve month high of $10.14.

Insider Activity

In other news, Director Todd J. Stein purchased 6,137 shares of the business's stock in a transaction dated Thursday, December 8th. The shares were purchased at an average cost of $7.90 per share, with a total value of $48,482.30. Following the completion of the purchase, the director now owns 165,807 shares of the company's stock, valued at approximately $1,309,875.30. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Vincent D. Kelly bought 5,000 shares of the firm's stock in a transaction on Thursday, November 17th. The stock was acquired at an average price of $8.25 per share, with a total value of $41,250.00. Following the transaction, the chief executive officer now owns 276,898 shares of the company's stock, valued at approximately $2,284,408.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Todd J. Stein purchased 6,137 shares of the company's stock in a transaction dated Thursday, December 8th. The stock was purchased at an average price of $7.90 per share, for a total transaction of $48,482.30. Following the transaction, the director now directly owns 165,807 shares in the company, valued at approximately $1,309,875.30. The disclosure for this purchase can be found here. Insiders own 8.59% of the company's stock.

Institutional Investors Weigh In On Spok

Several large investors have recently modified their holdings of the company. Bailard Inc. acquired a new stake in shares of Spok during the fourth quarter worth $222,000. Bank of Montreal Can acquired a new stake in shares of Spok during the fourth quarter worth $180,000. AE Wealth Management LLC increased its position in shares of Spok by 158.1% during the fourth quarter. AE Wealth Management LLC now owns 26,537 shares of the Wireless communications provider's stock worth $217,000 after buying an additional 16,257 shares during the period. Jenkins Wealth acquired a new stake in shares of Spok during the fourth quarter worth $173,000. Finally, Bank of New York Mellon Corp increased its position in shares of Spok by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 196,988 shares of the Wireless communications provider's stock worth $1,505,000 after buying an additional 2,931 shares during the period. 45.34% of the stock is currently owned by institutional investors and hedge funds.

Spok Company Profile

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Spok Holdings, Inc engages in the provision of communication solutions. It provides call center operations, clinical alerting and notifications, one-way and advanced two-way wireless messaging services, mobile communications and public safety solutions. The company was founded in 1965 and is headquartered in Alexandria, VA.

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