Spok (NASDAQ:SPOK) Rating Increased to Strong-Buy at StockNews.com

Spok (NASDAQ:SPOK) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

Separately, B. Riley raised Spok from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $15.00 to $20.00 in a research note on Thursday, February 27th.

Spok Trading Down 0.4 %

NASDAQ SPOK opened at $15.91 on Friday. The firm’s 50 day simple moving average is $16.32 and its 200 day simple moving average is $15.89. The firm has a market capitalization of $324.87 million, a price-to-earnings ratio of 21.79 and a beta of 0.29. Spok has a 1 year low of $13.24 and a 1 year high of $17.96.

Spok (NASDAQ:SPOK) last issued its earnings results on Wednesday, February 26th. The Wireless communications provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Spok had a net margin of 10.66% and a return on equity of 9.20%. The business had revenue of $33.89 million during the quarter, compared to analyst estimates of $35.50 million. On average, equities research analysts forecast that Spok will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Larson Financial Group LLC acquired a new stake in shares of Spok during the 3rd quarter valued at $26,000. New Age Alpha Advisors LLC acquired a new stake in shares of Spok during the fourth quarter valued at about $34,000. BNP Paribas Financial Markets grew its holdings in shares of Spok by 18.9% during the third quarter. BNP Paribas Financial Markets now owns 3,837 shares of the Wireless communications provider’s stock worth $58,000 after purchasing an additional 609 shares during the last quarter. Legal & General Group Plc raised its holdings in Spok by 57.8% in the 4th quarter. Legal & General Group Plc now owns 5,546 shares of the Wireless communications provider’s stock valued at $89,000 after buying an additional 2,031 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its position in Spok by 30.8% during the 4th quarter. Lazard Asset Management LLC now owns 5,868 shares of the Wireless communications provider’s stock worth $94,000 after buying an additional 1,383 shares during the period. 50.81% of the stock is currently owned by institutional investors.

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. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.