Sizmek Inc. (SZMK) Trading 1.9% Higher
Sizmek Inc. (NASDAQ:SZMK) shares traded up 1.9% during mid-day trading on Tuesday . The stock traded as high as $2.68 and last traded at $2.65, with a volume of 93,250 shares. The stock had previously closed at $2.60.
Several research analysts have issued reports on the company. Zacks Investment Research cut Sizmek from a “hold” rating to a “sell” rating in a research report on Saturday, April 9th. Roth Capital reiterated a “hold” rating on shares of Sizmek in a research report on Tuesday, March 22nd.
The stock’s market capitalization is $76.58 million. The firm’s 50-day moving average price is $2.39 and its 200 day moving average price is $2.83.
Sizmek (NASDAQ:SZMK) last issued its earnings results on Tuesday, May 10th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.18. On average, equities analysts forecast that Sizmek Inc. will post ($0.25) EPS for the current year.
Several hedge funds and institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised 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 last quarter. Royce & Associates LLC raised its position in Sizmek by 1.0% in the fourth quarter. Royce & Associates LLC now owns 417,750 shares of the company’s stock worth $1,525,000 after buying an additional 4,200 shares in the last quarter. Finally, Morgan Stanley raised its position in 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.
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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