In a report released today, Eric Martinuzzi from Lake Street maintained a Buy rating on Spok Holdings (SPOK – Research Report), with a price target of $15.50. The company’s shares closed last Friday at $15.93.
Martinuzzi covers the Technology sector, focusing on stocks such as Par Technology, Quantum, and Asure. According to TipRanks, Martinuzzi has an average return of 6.2% and a 45.99% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spok Holdings with a $15.50 average price target.
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Based on Spok Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $35.43 million and a net profit of $4.45 million. In comparison, last year the company earned a revenue of $33.74 million and had a net profit of $2.92 million
Based on the recent corporate insider activity of 40 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 SPOK in relation to earlier this year.
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Spok Holdings (SPOK) Company Description:
Spok Holdings, Inc. engages in the provision of communication solutions. It provides call centre 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 Springfield, VA.
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