Social Reality Inc. (SRAX) Downgraded by Zacks Investment Research
Zacks Investment Research lowered shares of Social Reality Inc. (NASDAQ:SRAX) from a buy rating to a hold rating in a research note released on Wednesday morning.
According to Zacks, “Social Reality, Inc. is an internet advertising company. It provides automated digital platform technology and social management software for internet advertising. The Company’s business platform consists of Social Reality Ad Exchange, GroupAd, SRAX MD, SRAX DI and Steel Media. It provides a platform which allows website publishers to sell their media inventory to digital adverting buyers. Social Reality, Inc. is headquartered in Los Angeles, California. “
SRAX has been the subject of a number of other research reports. Chardan Capital reissued a buy rating on shares of Social Reality in a report on Tuesday, September 26th. ValuEngine raised Social Reality from a strong sell rating to a sell rating in a report on Tuesday.
Shares of Social Reality (SRAX) traded up 22.40% during midday trading on Wednesday, reaching $4.48. 4,127,529 shares of the company’s stock traded hands. Social Reality has a 52-week low of $1.11 and a 52-week high of $7.00. The stock’s market cap is $35.95 million. The stock has a 50 day moving average of $2.28 and a 200-day moving average of $1.71.
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Social Reality Company Profile
Social Reality, Inc is an Internet advertising and platform technology company. The Company provides tools to automate the digital advertising market. It is engaged in the sales of digital media advertising campaigns to advertising agencies and brands; sales of media inventory through real-time bidding (RTB) exchanges; sale and licensing of its SRAX Social platform and related media, and creation of custom platforms for buying media on SRAX for various brands.
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