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
(Get Rating)
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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