Spok (NASDAQ:SPOK) Rating Increased to Buy at StockNews.com

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

Separately, B. Riley began coverage on Spok in a research report on Thursday, September 26th. They set a “neutral” rating and a $15.00 price target on the stock.

Spok Trading Down 0.6 %

Shares of Spok stock traded down $0.09 on Friday, reaching $14.89. 89,241 shares of the company were exchanged, compared to its average volume of 131,283. The stock has a fifty day moving average price of $14.93 and a 200-day moving average price of $15.07. The firm has a market capitalization of $301.46 million, a price-to-earnings ratio of 17.94 and a beta of 0.33. Spok has a fifty-two week low of $13.24 and a fifty-two week high of $18.14.

Spok (NASDAQ:SPOK) last announced its earnings results on Wednesday, July 24th. The Wireless communications provider reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $33.98 million for the quarter. Spok had a return on equity of 9.56% and a net margin of 11.19%. On average, equities analysts anticipate that Spok will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Spok

In other Spok news, COO Michael W. Wallace sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $14.80, for a total value of $370,000.00. Following the transaction, the chief operating officer now owns 49,465 shares in the company, valued at $732,082. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Spok news, COO Michael W. Wallace sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $14.80, for a total value of $370,000.00. Following the transaction, the chief operating officer now owns 49,465 shares in the company, valued at $732,082. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Vincent D. Kelly sold 45,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $14.83, for a total value of $667,350.00. Following the completion of the transaction, the chief executive officer now owns 201,645 shares in the company, valued at $2,990,395.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.88% of the company’s stock.

Institutional Trading of Spok

Several large investors have recently made changes to their positions in SPOK. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Spok by 61.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 34,738 shares of the Wireless communications provider’s stock worth $554,000 after acquiring an additional 13,245 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Spok during the 1st quarter worth about $170,000. BNP Paribas Financial Markets boosted its stake in shares of Spok by 82.8% during the 1st quarter. BNP Paribas Financial Markets now owns 8,577 shares of the Wireless communications provider’s stock worth $137,000 after acquiring an additional 3,884 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Spok by 51.4% during the 1st quarter. GSA Capital Partners LLP now owns 104,258 shares of the Wireless communications provider’s stock worth $1,663,000 after acquiring an additional 35,390 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Spok by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 1,026,201 shares of the Wireless communications provider’s stock valued at $16,368,000 after purchasing an additional 31,888 shares during the period. 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.