Somewhat Positive News Coverage Somewhat Unlikely to Impact SBA Communications Corporation (SBAC) Stock Price

Headlines about SBA Communications Corporation (NASDAQ:SBAC) have been trending somewhat positive this week, according to Alpha One Sentiment. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SBA Communications Corporation earned a news sentiment score of 0.09 on Alpha One’s scale. Alpha One also gave headlines about the technology company an impact score of 42 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news headlines that may have effected AlphaOne’s analysis:

Insider Buying and Selling by Quarter for SBA Communications Corporation (NASDAQ:SBAC)

SBAC has been the topic of several research reports. BidaskClub lowered SBA Communications Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. Jefferies Group LLC increased their target price on SBA Communications Corporation from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Stifel Nicolaus set a $148.00 target price on SBA Communications Corporation and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Guggenheim raised SBA Communications Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $118.00 to $137.00 in a research report on Monday, April 10th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $133.00 target price (up from $121.00) on shares of SBA Communications Corporation in a research report on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. SBA Communications Corporation has an average rating of “Buy” and a consensus target price of $135.29.

Shares of SBA Communications Corporation (NASDAQ:SBAC) traded up 0.63% during mid-day trading on Friday, reaching $133.05. The company had a trading volume of 964,691 shares. SBA Communications Corporation has a 52-week low of $95.66 and a 52-week high of $140.38. The company’s 50-day moving average is $132.43 and its 200 day moving average is $115.95. The stock has a market capitalization of $16.14 billion, a P/E ratio of 276.04 and a beta of 0.77.

SBA Communications Corporation (NASDAQ:SBAC) last released its earnings results on Monday, May 1st. The technology company reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $1.48. The firm had revenue of $423.40 million during the quarter, compared to analyst estimates of $418.21 million. SBA Communications Corporation had a net margin of 3.69% and a negative return on equity of 2.23%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. Analysts anticipate that SBA Communications Corporation will post $1.04 EPS for the current fiscal year.

In other news, Director Brian C. Carr sold 3,475 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $132.54, for a total transaction of $460,576.50. Following the transaction, the director now owns 3,051 shares in the company, valued at approximately $404,379.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Mark R. Ciarfella sold 15,147 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $129.03, for a total transaction of $1,954,417.41. Following the transaction, the executive vice president now owns 14,677 shares in the company, valued at approximately $1,893,773.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,028 shares of company stock worth $22,956,475. Insiders own 2.10% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally published by sleekmoney and is the sole property of of sleekmoney. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://sleekmoney.com/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-sba-communications-corporation-sbac-stock-price/1916325.html.

SBA Communications Corporation Company Profile

SBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company’s operating segments include site leasing and site development. The site leasing business includes segments, domestic site leasing and international site leasing.

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-sba-communications-corporation-sbac-stock-price/1916325.html

Receive News & Ratings for SBA Communications Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SBA Communications Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *