Spok (NASDAQ:SPOK) Downgraded to "Buy" Rating by StockNews.com

Spok (NASDAQ:SPOK - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Monday.

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

Spok Trading Up 0.6 %

Shares of SPOK stock traded up $0.09 during mid-day trading on Monday, reaching $15.52. The stock had a trading volume of 102,939 shares, compared to its average volume of 118,608. The firm has a market capitalization of $316.90 million, a PE ratio of 21.26 and a beta of 0.40. The stock's 50-day moving average price is $16.04 and its two-hundred day moving average price is $16.02. Spok has a 52-week low of $13.24 and a 52-week high of $17.96.

Spok (NASDAQ:SPOK - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The Wireless communications provider reported $0.18 EPS 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 for the quarter, compared to the consensus estimate of $35.50 million. On average, equities research analysts forecast that Spok will post 0.76 earnings per share for the current year.

Institutional Investors Weigh In On Spok

A number of institutional investors have recently made changes to their positions in SPOK. New Age Alpha Advisors LLC bought a new position in shares of Spok during the fourth quarter valued at $34,000. Legal & General Group Plc lifted its position in shares of Spok by 57.8% during 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 in the last quarter. Lazard Asset Management LLC grew its stake in shares of Spok by 30.8% during the 4th quarter. Lazard Asset Management LLC now owns 5,868 shares of the Wireless communications provider's stock valued at $94,000 after acquiring an additional 1,383 shares during the period. GAMMA Investing LLC increased its holdings in Spok by 2,378.4% in the 1st quarter. GAMMA Investing LLC now owns 9,864 shares of the Wireless communications provider's stock worth $162,000 after acquiring an additional 9,466 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in Spok during the 4th quarter worth approximately $183,000. Hedge funds and other institutional investors own 50.81% of the company's stock.

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.