Cannell Capital Has Decreased Servicesource Intl (SREV) Stake By $1.42 Million; Renewable Energy Group, Inc. (REGI) Had 2 Bullish Analysts

December 7, 2017 - By Peter Erickson

Cannell Capital Llc decreased Servicesource Intl Inc (SREV) stake by 44.89% reported in 2017Q2 SEC filing. Cannell Capital Llc sold 471,808 shares as Servicesource Intl Inc (SREV)’s stock declined 45.63%. The Cannell Capital Llc holds 579,232 shares with $2.25M value, down from 1.05M last quarter. Servicesource Intl Inc now has $254.24 million valuation. The stock decreased 1.40% or $0.04 during the last trading session, reaching $2.82. About 180,042 shares traded. ServiceSource International, Inc. (NASDAQ:SREV) has declined 12.19% since December 7, 2016 and is downtrending. It has underperformed by 28.89% the S&P500.

Among 4 analysts covering Renewable Energy (NASDAQ:REGI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Renewable Energy had 19 analyst reports since August 5, 2015 according to SRatingsIntel. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, July 27 report. Canaccord Genuity maintained Renewable Energy Group, Inc. (NASDAQ:REGI) on Wednesday, September 27 with “Buy” rating. The firm earned “Buy” rating on Thursday, September 28 by Roth Capital. Roth Capital maintained it with “Buy” rating and $17.0 target in Wednesday, August 23 report. The stock of Renewable Energy Group, Inc. (NASDAQ:REGI) has “Hold” rating given on Friday, September 29 by Piper Jaffray. As per Friday, August 7, the company rating was upgraded by Zacks. The stock of Renewable Energy Group, Inc. (NASDAQ:REGI) has “Hold” rating given on Friday, November 3 by Piper Jaffray. Roth Capital maintained the shares of REGI in report on Friday, November 3 with “Buy” rating. On Thursday, November 3 the stock rating was downgraded by PiperJaffray to “Neutral”. The company was maintained on Thursday, June 8 by Canaccord Genuity. See Renewable Energy Group, Inc. (NASDAQ:REGI) latest ratings:

05/11/2017 Broker: Canaccord Genuity Rating: Buy New Target: $16.0 Maintain
03/11/2017 Broker: Roth Capital Rating: Buy New Target: $17.0 Maintain
03/11/2017 Broker: Piper Jaffray Rating: Hold New Target: $13.0 Maintain
24/10/2017 Broker: Roth Capital Rating: Buy New Target: $17.0 Maintain
28/09/2017 Broker: Roth Capital Rating: Buy New Target: $17.0 Maintain
29/09/2017 Broker: Piper Jaffray Rating: Hold New Target: $13.0 Maintain
27/09/2017 Broker: Canaccord Genuity Rating: Buy New Target: $16.0 Maintain
23/08/2017 Broker: Piper Jaffray Rating: Hold New Target: $13.0 Maintain
23/08/2017 Broker: Roth Capital Rating: Buy New Target: $17.0 Maintain
27/07/2017 Broker: Canaccord Genuity Rating: Buy New Target: $16.0000 Maintain

Investors sentiment increased to 1.63 in 2017 Q2. Its up 0.73, from 0.9 in 2017Q1. It increased, as 4 investors sold SREV shares while 20 reduced holdings. 7 funds opened positions while 32 raised stakes. 58.66 million shares or 0.73% more from 58.24 million shares in 2017Q1 were reported. Lyon Street Capital Ltd Liability Company holds 71,962 shares. Nomura Holding Incorporated has 0% invested in ServiceSource International, Inc. (NASDAQ:SREV) for 29,597 shares. Parametric Associate Limited Liability Company owns 0% invested in ServiceSource International, Inc. (NASDAQ:SREV) for 90,999 shares. California State Teachers Retirement System has 0% invested in ServiceSource International, Inc. (NASDAQ:SREV) for 134,274 shares. Sei Invs Communications owns 46 shares. 36,641 are held by Voya Investment Ltd Liability Com. Swiss State Bank has 0% invested in ServiceSource International, Inc. (NASDAQ:SREV). State Board Of Administration Of Florida Retirement Sys reported 51,215 shares. Citadel Advsrs Ltd Liability Company has 0% invested in ServiceSource International, Inc. (NASDAQ:SREV). Manufacturers Life Insur Company The accumulated 65,379 shares. State Common Retirement Fund has invested 0% in ServiceSource International, Inc. (NASDAQ:SREV). Renaissance Techs Ltd Liability Company has invested 0.01% in ServiceSource International, Inc. (NASDAQ:SREV). Invesco Limited holds 0% of its portfolio in ServiceSource International, Inc. (NASDAQ:SREV) for 40,229 shares. Prescott Group Cap Ltd Co accumulated 3.88M shares. Vanguard Grp Incorporated, Pennsylvania-based fund reported 2.57 million shares.

Among 2 analysts covering ServiceSource International (NASDAQ:SREV), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. ServiceSource International had 5 analyst reports since August 24, 2016 according to SRatingsIntel. JMP Securities maintained ServiceSource International, Inc. (NASDAQ:SREV) rating on Wednesday, August 24. JMP Securities has “Market Outperform” rating and $8 target. The rating was downgraded by Northland Capital to “Market Perform” on Wednesday, February 22. The stock of ServiceSource International, Inc. (NASDAQ:SREV) earned “Hold” rating by Northland Capital on Thursday, November 9. The stock of ServiceSource International, Inc. (NASDAQ:SREV) has “Hold” rating given on Thursday, October 5 by Northland Capital. Northland Capital maintained ServiceSource International, Inc. (NASDAQ:SREV) on Friday, July 28 with “Hold” rating.

Cannell Capital Llc increased Arotech Corp (NASDAQ:ARTX) stake by 590,697 shares to 1.77M valued at $6.28M in 2017Q2. It also upped Heritage Crystal Clean Inc (NASDAQ:HCCI) stake by 213,640 shares and now owns 402,947 shares. Jernigan Cap Inc was raised too.

Analysts await ServiceSource International, Inc. (NASDAQ:SREV) to report earnings on February, 20. They expect $0.03 earnings per share, up 250.00% or $0.05 from last year’s $-0.02 per share. SREV’s profit will be $2.70 million for 23.50 P/E if the $0.03 EPS becomes a reality. After $0.02 actual earnings per share reported by ServiceSource International, Inc. for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

Renewable Energy Group, Inc. produces and sells biofuels and renewable chemicals in the United States. The company has market cap of $442.69 million. It operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other divisions. It currently has negative earnings. The Biomass-Based Diesel segment acquires feedstock; manages, constructs, and operates biomass diesel production facilities; and markets, sells, and distributes biomass diesel and its co-products.

The stock increased 0.88% or $0.1 during the last trading session, reaching $11.4. About 630,621 shares traded or 62.37% up from the average. Renewable Energy Group, Inc. (NASDAQ:REGI) has risen 22.06% since December 7, 2016 and is uptrending. It has outperformed by 5.36% the S&P500.

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