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 released on Friday.

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

Spok Trading Down 0.1 %

SPOK stock opened at $15.89 on Friday. Spok has a 1-year low of $13.24 and a 1-year high of $17.96. The firm has a market cap of $324.46 million, a P/E ratio of 21.77 and a beta of 0.29. The business’s 50 day moving average is $16.33 and its 200-day moving average is $15.91.

Spok (NASDAQ:SPOK) last released its quarterly earnings data on Wednesday, February 26th. The Wireless communications provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Spok had a net margin of 10.66% and a return on equity of 9.20%. The company had revenue of $33.89 million during the quarter, compared to the consensus estimate of $35.50 million. Sell-side analysts forecast that Spok will post 0.76 EPS for the current year.

Institutional Investors Weigh In On Spok

A number of large investors have recently bought and sold shares of the business. HighTower Advisors LLC grew its position in Spok by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 673,268 shares of the Wireless communications provider’s stock worth $10,141,000 after acquiring an additional 27,048 shares during the last quarter. Geode Capital Management LLC boosted its position in Spok by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 514,427 shares of the Wireless communications provider’s stock valued at $8,258,000 after buying an additional 6,591 shares during the last quarter. State Street Corp boosted its position in Spok by 3.1% in the 3rd quarter. State Street Corp now owns 415,876 shares of the Wireless communications provider’s stock valued at $6,263,000 after buying an additional 12,467 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Spok by 7.6% in the 4th quarter. JPMorgan Chase & Co. now owns 213,575 shares of the Wireless communications provider’s stock valued at $3,428,000 after buying an additional 15,156 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Spok by 4.1% in the 4th quarter. Northern Trust Corp now owns 207,068 shares of the Wireless communications provider’s stock valued at $3,323,000 after buying an additional 8,175 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.