Shares of SBA Communications Corporation (NASDAQ:SBAC) have been given an average rating of “Buy” by the seventeen analysts that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $142.23.

Several equities analysts have recently weighed in on SBAC shares. Stifel Nicolaus set a $148.00 price target on SBA Communications Corporation and gave the company a “buy” rating in a report on Tuesday, May 2nd. Goldman Sachs Group, Inc. (The) raised their price target on SBA Communications Corporation from $121.00 to $131.00 and gave the company a “neutral” rating in a report on Tuesday, May 2nd. Cowen and Company raised their price target on SBA Communications Corporation from $131.00 to $141.00 and gave the company an “outperform” rating in a report on Tuesday, May 2nd. Jefferies Group LLC raised their price target on SBA Communications Corporation from $133.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 2nd. Finally, Barclays PLC raised their price target on SBA Communications Corporation from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, May 3rd.

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In related news, Director George R. Krouse, Jr. sold 187 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $138.43, for a total transaction of $25,886.41. Following the sale, the director now directly owns 10,896 shares of the company’s stock, valued at $1,508,333.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark R. Ciarfella sold 9,655 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $140.74, for a total value of $1,358,844.70. Following the sale, the executive vice president now directly owns 21,403 shares in the company, valued at $3,012,258.22. The disclosure for this sale can be found here. Insiders have sold 20,485 shares of company stock worth $2,845,860 over the last ninety days. 2.10% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. boosted its stake in SBA Communications Corporation by 18.8% in the second quarter. D.A. Davidson & CO. now owns 758 shares of the technology company’s stock valued at $102,000 after buying an additional 120 shares during the period. Creative Planning boosted its position in shares of SBA Communications Corporation by 40.7% in the second quarter. Creative Planning now owns 874 shares of the technology company’s stock valued at $118,000 after buying an additional 253 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of SBA Communications Corporation by 17.0% in the first quarter. Van ECK Associates Corp now owns 1,217 shares of the technology company’s stock valued at $146,000 after buying an additional 177 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of SBA Communications Corporation during the second quarter valued at about $159,000. Finally, Toronto Dominion Bank boosted its position in shares of SBA Communications Corporation by 25.7% in the first quarter. Toronto Dominion Bank now owns 1,358 shares of the technology company’s stock valued at $163,000 after buying an additional 278 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

SBA Communications Corporation (NASDAQ SBAC) traded up 2.71% on Tuesday, hitting $152.10. 4,331,677 shares of the stock traded hands. The company has a market cap of $18.31 billion, a price-to-earnings ratio of 522.68 and a beta of 0.73. SBA Communications Corporation has a 1-year low of $95.66 and a 1-year high of $152.54. The stock has a 50-day moving average price of $138.69 and a 200 day moving average price of $127.76.

SBA Communications Corporation (NASDAQ:SBAC) last issued its quarterly earnings results on Monday, July 31st. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.01. SBA Communications Corporation had a net margin of 2.19% and a negative return on equity of 2.64%. The company had revenue of $427.30 million for the quarter, compared to the consensus estimate of $426.10 million. During the same quarter in the previous year, the business earned $1.48 earnings per share. SBA Communications Corporation’s revenue was up 5.4% compared to the same quarter last year. On average, analysts anticipate that SBA Communications Corporation will post $0.93 EPS for the current fiscal year.

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.

Analyst Recommendations for SBA Communications Corporation (NASDAQ:SBAC)

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