The price of Spok Holdings Inc. (NASDAQ:SPOK) shares last traded on Wall Street fell -5.15% to $9.94.
Based on available information, 1 analysts follow Spok Holdings Inc. (NASDAQ:SPOK). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $15.00, we find $15.00. Given the previous closing price of $10.48, this indicates a potential upside of 43.13 percent. SPOK stock price is now 12.63% away from the 50-day moving average and 28.07% away from the 200-day moving average. The market capitalization of the company currently stands at $197.71M.
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Among analysts, 0 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $15.00 as their price target over the next twelve months.
On September 23, 2022, Lake Street recently initiated its ‘Buy’ rating on the stock quoting a target price of $14.
In other news, Stein Todd J, Director bought 2,883 shares of the company’s stock on Mar 09. The stock was bought for $30,073 at an average price of $10.43. Upon completion of the transaction, the Director now directly owns 818,269 shares in the company, valued at $8.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08, Director Stein Todd J bought 6,190 shares of the business’s stock. A total of $63,534 was incurred on buying the stock at an average price of $10.26. This leaves the insider owning 815,386 shares of the company worth $8.1 million. Insiders disposed of 42,496 shares of company stock worth roughly $0.42 million over the past 1 year. A total of 1.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SPOK stock. A new stake in Spok Holdings Inc. shares was purchased by PENN MUTUAL ASSET MANAGEMENT, LLC during the first quarter worth $3,989,000. MARSHALL WACE, LLP invested $718,000 in shares of SPOK during the first quarter. In the first quarter, SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in Spok Holdings Inc. valued at approximately $709,000. TREXQUANT INVESTMENT LP acquired a new stake in SPOK for approximately $649,000. GSA CAPITAL PARTNERS LLP purchased a new stake in SPOK valued at around $527,000 in the second quarter. In total, there are 89 active investors with 59.50% ownership of the company’s stock.
A candlestick chart of Spok Holdings Inc. (NASDAQ: SPOK) showed a price of $10.40 on Monday morning. During the past 12 months, Spok Holdings Inc. has had a low of $6.12 and a high of $10.84. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for SPOK is $8.83 and a two-hundred day moving average price translates $7.76 for the stock.
The latest earnings results from Spok Holdings Inc. (NASDAQ: SPOK) was released for Sep, 2022. The net profit margin was 16.20% and return on equity was 13.60% for SPOK. The company reported revenue of $33.26 million for the quarter, compared to $34.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.73 percent. For the current quarter, analysts expect SPOK to generate $32.48M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/30/2023. Investors who held shares on 03/16/2023 were paid a $0.3125 dividend. On an annualized basis, this represents a $1.25 dividend and a 12.58% percent yield. There was an ex-dividend date of 03/15/2023 for this dividend. In terms of dividend payout ratio, SPOK is presently at 112.90%.
Spok Holdings Inc.(SPOK) Company Profile
Spok Holdings, Inc., through its subsidiary, Spok, Inc., provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. It delivers clinical information to care teams when and where it matters to enhance patient outcomes. The company offers subscriptions to one-way or two-way messaging services; and ancillary services, such as voicemail, and equipment loss or maintenance protection services, as well as sells devices to resellers who lease or resell them to their subscribers. Its Spok Care Connect platform enhance workflows for clinicians and support administrative compliance. In addition, the company provides professional, software license updates, and product support services, as well as sells third-party equipment. It serves businesses, professionals, management personnel, medical personnel, field sales personnel and service forces, members of the construction industry and construction trades, real estate brokers and developers, sales and services organizations, specialty trade organizations, manufacturing organizations, and government agencies. The company was formerly known as USA Mobility, Inc. and changed its name to Spok Holdings, Inc. in July 2014. The company was founded in 1986 and is headquartered in Alexandria, Virginia.
