SVMK reported first-quarter revenue guidance was below analysts’ forecasts.
The survey software company expects revenue of $99.5 million to $101.5 million for the first quarter, compared to the FactSet analyst consensus estimate of $105 million.
In the fourth quarter, the company generated adjusted earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of -$0.02 per share a year ago.
Revenues of $100.98 million for the quarter missed the Zacks Consensus Estimate by -0.03%. It was $84.32 million in the year-ago quarter.
Stifel lowered its price target SVMK shares to $26 from $28, while maintaining its hold rating. According to Stifel analysts, while some SVMK products have potential, it needs “additional evidence of traction in 2021” for it to become more optimistic on the stock. The company’s results were mixed in the fourth quarter, Stifel said.
Credit Suisse has a $27 price target with a neutral rating. SVMK is “on the cusp of a product investment cycle,” which means lower profitability this year, Credit Suisse said.
a survey software products provider
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