SBA Communications Corporation (SBAC) Receiving Somewhat Favorable News Coverage, Study Shows

Media stories about SBA Communications Corporation (NASDAQ:SBAC) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SBA Communications Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 47.1675408198424 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Several analysts have recently commented on SBAC shares. Royal Bank Of Canada reissued a “buy” rating on shares of SBA Communications Corporation in a research note 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 target (up from $148.00) on shares of SBA Communications Corporation in a research note on Tuesday, August 1st. Jefferies Group LLC increased their price target 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, Cowen and Company reissued a “buy” rating and set a $147.00 price target on shares of SBA Communications Corporation in a research note on Tuesday, October 17th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. SBA Communications Corporation has an average rating of “Buy” and an average price target of $149.67.

SBA Communications Corporation (NASDAQ SBAC) opened at 157.18 on Wednesday. The firm has a market capitalization of $18.92 billion, a price-to-earnings ratio of 540.14 and a beta of 0.69. SBA Communications Corporation has a one year low of $95.66 and a one year high of $159.14. The company has a 50-day moving average of $147.36 and a 200 day moving average of $139.04.

SBA Communications Corporation (NASDAQ:SBAC) last posted its earnings results on Monday, October 30th. The technology company reported $1.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $1.50. SBA Communications Corporation had a net margin of 5.95% and a negative return on equity of 4.89%. The firm had revenue of $433.90 million for the quarter, compared to analyst estimates of $431.42 million. During the same period in the previous year, the firm posted ($0.12) EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts anticipate that SBA Communications Corporation will post $0.98 EPS for the current year.

In other news, SVP Brian D. Lazarus sold 7,376 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $151.79, for a total value of $1,119,603.04. Following the sale, the senior vice president now directly owns 17,525 shares of the company’s stock, valued at approximately $2,660,119.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mark R. Ciarfella sold 9,655 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $140.74, for a total transaction of $1,358,844.70. Following the completion of 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 a total of 18,674 shares of company stock worth $2,706,217 over the last three months. Insiders own 2.40% of the company’s stock.

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About SBA Communications Corporation

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.

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