Sizmek Inc. (SZMK) Shares Up 5.8%
Sizmek Inc. (NASDAQ:SZMK) shares shot up 5.8% during mid-day trading on Wednesday . The company traded as high as $2.57 and last traded at $2.55, with a volume of 86,686 shares trading hands. The stock had previously closed at $2.41.
A number of brokerages have issued reports on SZMK. Zacks Investment Research cut Sizmek from a “hold” rating to a “sell” rating in a research note on Saturday, April 9th. Roth Capital restated a “hold” rating on shares of Sizmek in a research note on Tuesday, March 22nd.
The firm has a 50-day moving average of $2.38 and a 200-day moving average of $2.87. The firm’s market capitalization is $72.21 million.
Sizmek (NASDAQ:SZMK) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.18. On average, equities analysts expect that Sizmek Inc. will post ($0.25) EPS for the current fiscal year.
Other large investors have modified their holdings of the company. Morgan Stanley increased its stake in shares of Sizmek by 3.1% in the fourth quarter. Morgan Stanley now owns 296,732 shares of the company’s stock valued at $1,083,000 after buying an additional 8,935 shares during the last quarter. Royce & Associates LLC boosted its position in shares of Sizmek by 1.0% in the fourth quarter. Royce & Associates LLC now owns 417,750 shares of the company’s stock valued at $1,525,000 after buying an additional 4,200 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Sizmek by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,257,538 shares of the company’s stock valued at $4,590,000 after buying an additional 4,881 shares during the period.
Sizmek Inc (Sizmek) is an open ad management company. The Company operates an independent online advertisement campaign management and distribution platform. The Company helps advertisers, agencies and publishers engage with consumers across multiple online media channels (mobile, display, video and social).
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