Sizmek Inc. (SZMK) Trading 5.8% Higher
Sizmek Inc. (NASDAQ:SZMK) traded up 5.8% during mid-day trading on Wednesday . The stock 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.
Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Sizmek from a “buy” rating to a “hold” rating in a research note on Wednesday. Roth Capital reiterated 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 $72.80 million.
Sizmek (NASDAQ:SZMK) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.24) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.18. On average, equities analysts anticipate that Sizmek Inc. will post ($0.25) EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Morgan Stanley raised its stake in 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 period. Dimensional Fund Advisors LP raised its stake in 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. Finally, Royce & Associates LLC raised its stake in 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.
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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