SBA Communications Corporation (NASDAQ:SBAC) Director George R. Krouse, Jr. sold 1,999 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $169.51, for a total value of $338,850.49. Following the completion of the transaction, the director now owns 11,999 shares of the company’s stock, valued at approximately $2,033,950.49. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

SBA Communications Corporation (SBAC) traded down $0.56 during trading hours on Monday, hitting $168.95. The stock had a trading volume of 698,700 shares, compared to its average volume of 1,263,229. SBA Communications Corporation has a 52-week low of $95.66 and a 52-week high of $170.82. The company has a debt-to-equity ratio of -3.63, a current ratio of 0.32 and a quick ratio of 0.32. The firm has a market cap of $19,858.72, a PE ratio of 211.19 and a beta of 0.75.

SBA Communications Corporation (NASDAQ:SBAC) last posted its earnings results on Monday, October 30th. The technology company reported $1.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $1.50. SBA Communications Corporation had a negative return on equity of 4.71% and a net margin of 5.95%. The firm had revenue of $433.90 million for the quarter, compared to analysts’ expectations of $431.42 million. During the same period last year, the firm earned ($0.12) EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. equities research analysts expect that SBA Communications Corporation will post 0.98 earnings per share for the current year.

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Several large investors have recently bought and sold shares of the company. D.A. Davidson & CO. boosted its holdings in SBA Communications Corporation by 18.8% in the 2nd quarter. D.A. Davidson & CO. now owns 758 shares of the technology company’s stock worth $102,000 after buying an additional 120 shares during the last quarter. Creative Planning boosted its holdings in SBA Communications Corporation by 40.7% in the 2nd quarter. Creative Planning now owns 874 shares of the technology company’s stock worth $118,000 after buying an additional 253 shares during the last quarter. Sun Life Financial INC acquired a new stake in SBA Communications Corporation in the 3rd quarter worth about $127,000. Acadian Asset Management LLC acquired a new stake in SBA Communications Corporation in the 2nd quarter worth about $159,000. Finally, Advisor Group Inc. boosted its holdings in SBA Communications Corporation by 9.7% in the 2nd quarter. Advisor Group Inc. now owns 1,286 shares of the technology company’s stock worth $172,000 after buying an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 95.41% of the company’s stock.

SBAC has been the topic of several analyst reports. KeyCorp raised SBA Communications Corporation from a “sector weight” rating to an “overweight” rating and set a $170.00 price target on the stock in a research report on Wednesday, September 27th. BidaskClub raised SBA Communications Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. UBS AG initiated coverage on SBA Communications Corporation in a research report on Wednesday, October 18th. They set a “buy” rating and a $176.00 price target on the stock. Jefferies Group LLC increased their price target on SBA Communications Corporation from $150.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research downgraded SBA Communications Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. SBA Communications Corporation has an average rating of “Buy” and an average price target of $150.27.

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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