Navellier & Associates Lifted By $6.77 Million Its Stmicroelectronics N.V. (STM) Holding; Servicesource International Has 1.85 Sentiment

February 19, 2018 - By Maria Brooks

ServiceSource International, Inc. provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company has market cap of $332.67 million. It offers end-to-end management and optimization of the service-contract renewals process, including data management, quoting, selling, and recurring revenue business intelligence. It currently has negative earnings. The companyÂ’s solutions include outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account marketing, and channel recruitment and enablement, as well as renewals management, including the sale of maintenance and support service contracts for the products used by its clientsÂ’ end-users.

Navellier & Associates Inc increased Stmicroelectronics N.V. (STM) stake by 116.31% reported in 2017Q3 SEC filing. Navellier & Associates Inc acquired 356,298 shares as Stmicroelectronics N.V. (STM)’s stock rose 14.80%. The Navellier & Associates Inc holds 662,623 shares with $12.87M value, up from 306,325 last quarter. Stmicroelectronics N.V. now has $18.26 billion valuation. The stock decreased 1.63% or $0.37 during the last trading session, reaching $22.33. About 2.63M shares traded. STMicroelectronics N.V. (NYSE:STM) has risen 191.28% since February 19, 2017 and is uptrending. It has outperformed by 174.58% the S&P500.

Among 12 analysts covering STMicroelectronics (NYSE:STM), 7 have Buy rating, 2 Sell and 3 Hold. Therefore 58% are positive. STMicroelectronics had 24 analyst reports since July 22, 2015 according to SRatingsIntel. On Friday, January 26 the stock rating was upgraded by Kepler Cheuvreux to “Hold”. The firm has “Buy” rating given on Monday, September 14 by Natixis. On Wednesday, January 4 the stock rating was downgraded by Morgan Stanley to “Underweight”. The firm has “Underperform” rating by Bank of America given on Friday, September 2. The rating was upgraded by Kepler Cheuvreux to “Hold” on Wednesday, January 27. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, June 27. The rating was downgraded by Craig Hallum on Friday, October 30 to “Hold”. The stock of STMicroelectronics N.V. (NYSE:STM) has “Buy” rating given on Tuesday, July 11 by J.P. Morgan. As per Tuesday, July 11, the company rating was upgraded by JP Morgan. On Friday, April 28 the stock rating was maintained by Craig Hallum with “Buy”.

Navellier & Associates Inc decreased Kulicke & Soffa Industries Inc (NASDAQ:KLIC) stake by 56,694 shares to 18,341 valued at $396,000 in 2017Q3. It also reduced Keycorp (NYSE:KEY) stake by 18,800 shares and now owns 60,600 shares. Sina Corp. (NASDAQ:SINA) was reduced too.

Harvest Capital Strategies Llc holds 4.63% of its portfolio in ServiceSource International, Inc. for 7.01 million shares. Prescott Group Capital Management L.L.C. owns 3.88 million shares or 2.74% of their US portfolio. Moreover, Rgm Capital Llc has 2.74% invested in the company for 7.67 million shares. The California-based Lyon Street Capital Llc has invested 0.63% in the stock. Regis Management Co Llc, a California-based fund reported 1.11 million shares.

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By1 Maria Brooks

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