SBA Communications (NASDAQ:SBAC - Get Free Report) is expected to be releasing its Q2 2025 earnings data after the market closes on Monday, August 4th. Analysts expect SBA Communications to post earnings of $3.10 per share and revenue of $670.73 million for the quarter.
SBA Communications Trading Up 1.0%
SBAC stock traded up $2.17 during trading on Tuesday, reaching $228.92. The stock had a trading volume of 977,131 shares, compared to its average volume of 856,963. SBA Communications has a 52 week low of $192.55 and a 52 week high of $252.64. The stock's 50 day moving average is $231.53 and its two-hundred day moving average is $222.09. The firm has a market cap of $24.60 billion, a PE ratio of 31.40, a PEG ratio of 1.94 and a beta of 0.78.
Insider Activity
In related news, Director Jack Langer sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $240.59, for a total transaction of $1,202,950.00. Following the transaction, the director owned 10,522 shares in the company, valued at $2,531,487.98. This trade represents a 32.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.92% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in SBA Communications by 272.8% during the 1st quarter. Jones Financial Companies Lllp now owns 753 shares of the technology company's stock worth $166,000 after acquiring an additional 551 shares during the period. Empowered Funds LLC lifted its position in SBA Communications by 12.6% during the 1st quarter. Empowered Funds LLC now owns 2,041 shares of the technology company's stock worth $449,000 after acquiring an additional 229 shares during the period. Focus Partners Wealth lifted its position in SBA Communications by 9.0% during the 1st quarter. Focus Partners Wealth now owns 3,236 shares of the technology company's stock worth $712,000 after acquiring an additional 266 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in SBA Communications by 105.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 164 shares of the technology company's stock worth $36,000 after acquiring an additional 84 shares during the period. Hedge funds and other institutional investors own 97.35% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently commented on SBAC shares. Bank of America started coverage on SBA Communications in a research note on Monday, May 19th. They issued a "buy" rating and a $260.00 price objective on the stock. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $268.00 price objective (up previously from $265.00) on shares of SBA Communications in a research note on Tuesday, April 29th. Wall Street Zen downgraded SBA Communications from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Morgan Stanley raised their price target on SBA Communications from $255.00 to $260.00 and gave the company an "equal weight" rating in a report on Tuesday, July 22nd. Finally, Barclays lifted their target price on SBA Communications from $247.00 to $257.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $257.19.
Read Our Latest Analysis on SBAC
About SBA Communications
(
Get Free Report)
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC.
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