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

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

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

Spok Price Performance

SPOK stock opened at $15.91 on Friday. The stock has a market cap of $324.87 million, a price-to-earnings ratio of 21.79 and a beta of 0.29. The company has a fifty day moving average price of $16.32 and a two-hundred day moving average price of $15.89. Spok has a one year low of $13.24 and a one year high of $17.96.

Spok (NASDAQ:SPOK) last announced 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). The company had revenue of $33.89 million during 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%. Research analysts anticipate that Spok will post 0.76 EPS for the current fiscal year.

Institutional Trading of Spok

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 190,024 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Spok in the fourth quarter valued at approximately $1,253,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Spok by 133.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,241 shares of the Wireless communications provider’s stock worth $1,689,000 after buying an additional 60,256 shares in the last quarter. Inspire Investing LLC bought a new position in Spok during the 4th quarter worth $801,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Spok by 67.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 110,997 shares of the Wireless communications provider’s stock valued at $1,782,000 after acquiring an additional 44,896 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.