Media stories about SBA Communications Corporation (NASDAQ:SBAC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SBA Communications Corporation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.4610615314754 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

SBA Communications Corporation (SBAC) opened at 150.94 on Friday. The firm has a 50-day moving average of $148.19 and a 200-day moving average of $136.51. SBA Communications Corporation has a one year low of $95.66 and a one year high of $154.71. The firm has a market cap of $18.17 billion, a price-to-earnings ratio of 518.69 and a beta of 0.69.

SBA Communications Corporation (NASDAQ:SBAC) last posted its quarterly earnings results on Monday, July 31st. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $427.30 million during the quarter, compared to analyst estimates of $426.10 million. SBA Communications Corporation had a negative return on equity of 2.64% and a net margin of 2.19%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 earnings per share. Analysts anticipate that SBA Communications Corporation will post $0.94 EPS for the current year.

Several research analysts have weighed in on SBAC shares. Royal Bank Of Canada reiterated a “buy” rating on shares of SBA Communications Corporation in a report on Wednesday, August 2nd. BidaskClub raised shares of SBA Communications Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price objective (up from $148.00) on shares of SBA Communications Corporation in a research note on Tuesday, August 1st. Jefferies Group LLC boosted their price objective on shares of SBA Communications Corporation from $150.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of SBA Communications Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. SBA Communications Corporation presently has a consensus rating of “Buy” and a consensus target price of $147.36.

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In other news, Director George R. Krouse, Jr. sold 1,643 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $138.63, for a total transaction of $227,769.09. Following the completion of the transaction, the director now directly owns 11,643 shares of the company’s stock, valued at approximately $1,614,069.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark R. Ciarfella sold 9,655 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $140.74, for a total transaction of $1,358,844.70. Following the transaction, the executive vice president now directly owns 21,403 shares of the company’s stock, valued at $3,012,258.22. The disclosure for this sale can be found here. Insiders sold a total of 18,674 shares of company stock worth $2,706,217 over the last 90 days. Company insiders own 2.10% of the company’s stock.

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.

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

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