Sizmek Inc. (NASDAQ:SZMK) shares dropped 4.4% during trading on Friday . The company traded as low as $2.34 and last traded at $2.39, with a volume of 107,518 shares. The stock had previously closed at $2.50.

SZMK has been the topic of a number of research analyst reports. Roth Capital reissued a “hold” rating on shares of Sizmek in a report on Tuesday, March 22nd. Zacks Investment Research cut Sizmek from a “buy” rating to a “hold” rating in a report on Wednesday.

The stock has a 50 day moving average price of $2.38 and a 200-day moving average price of $2.86. The stock’s market cap is $69.59 million.

Sizmek (NASDAQ:SZMK) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.18. On average, analysts expect that Sizmek Inc. will post ($0.25) earnings per share for the current year.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Morgan Stanley raised its position in shares of Sizmek by 3.1% in the fourth quarter. Morgan Stanley now owns 296,732 shares of the company’s stock worth $1,083,000 after buying an additional 8,935 shares in the last quarter. 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. Finally, 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.

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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