Spok (NASDAQ:SPOK) Upgraded to “Buy” at B. Riley

Spok (NASDAQ:SPOK) was upgraded by equities researchers at B. Riley from a “neutral” rating to a “buy” rating in a research report issued on Thursday, Marketbeat reports. The firm presently has a $20.00 price target on the Wireless communications provider’s stock, up from their prior price target of $15.00. B. Riley’s price target suggests a potential upside of 18.69% from the stock’s previous close. B. Riley also issued estimates for Spok’s Q1 2025 earnings at $0.18 EPS and FY2026 earnings at $0.80 EPS.

Spok Trading Down 0.5 %

SPOK stock opened at $16.85 on Thursday. The firm has a market cap of $341.58 million, a P/E ratio of 23.08 and a beta of 0.33. Spok has a 12-month low of $13.24 and a 12-month high of $18.14. The stock’s 50 day simple moving average is $16.23 and its 200 day simple moving average is $15.78.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC grew its stake in Spok by 10.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 25,998 shares of the Wireless communications provider’s stock worth $422,000 after buying an additional 2,536 shares during the last quarter. Barclays PLC grew its stake in Spok by 273.8% during the 3rd quarter. Barclays PLC now owns 24,078 shares of the Wireless communications provider’s stock worth $362,000 after buying an additional 17,637 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Spok by 2,263.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 198,419 shares of the Wireless communications provider’s stock worth $2,988,000 after buying an additional 190,024 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Spok by 67.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 110,997 shares of the Wireless communications provider’s stock worth $1,782,000 after buying an additional 44,896 shares during the last quarter. Finally, FMR LLC grew its stake in Spok by 39.9% during the 3rd quarter. FMR LLC now owns 14,479 shares of the Wireless communications provider’s stock worth $218,000 after buying an additional 4,130 shares during the last quarter. 50.81% of the stock is currently owned by institutional investors.

About Spok

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.