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

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

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

Spok Price Performance

Shares of NASDAQ SPOK opened at $15.89 on Friday. Spok has a one year low of $13.24 and a one year high of $17.96. The business’s 50-day moving average price is $16.33 and its two-hundred day moving average price is $15.91. The company has a market capitalization of $324.46 million, a P/E ratio of 21.77 and a beta of 0.29.

Spok (NASDAQ:SPOK) last announced its quarterly 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 return on equity of 9.20% and a net margin of 10.66%. The company had revenue of $33.89 million during the quarter, compared to analyst estimates of $35.50 million. On average, equities analysts anticipate that Spok will post 0.76 EPS for the current year.

Hedge Funds Weigh In On Spok

Large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new position in Spok in the 4th quarter valued at approximately $196,000. Millennium Management LLC raised its holdings in Spok by 37.9% in the 4th quarter. Millennium Management LLC now owns 52,929 shares of the Wireless communications provider’s stock valued at $850,000 after acquiring an additional 14,552 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Spok by 30.8% in 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 in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Spok in the 4th quarter valued at approximately $1,253,000. Finally, Deutsche Bank AG raised its holdings in Spok by 83.2% in the 4th quarter. Deutsche Bank AG now owns 20,075 shares of the Wireless communications provider’s stock valued at $322,000 after acquiring an additional 9,115 shares in the last quarter. Institutional investors and hedge funds 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.