SBA Communications Co. (NASDAQ:SBAC) has been given a consensus recommendation of “Buy” by the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $181.22.

Several analysts recently commented on SBAC shares. Guggenheim set a $180.00 price objective on shares of SBA Communications and gave the company a “buy” rating in a research report on Wednesday, October 17th. ValuEngine downgraded shares of SBA Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Citigroup increased their price objective on shares of SBA Communications from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Tuesday, November 6th. BidaskClub downgraded shares of SBA Communications from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Finally, Bank of America set a $189.00 price objective on shares of SBA Communications and gave the company a “buy” rating in a research report on Thursday, November 15th.

In other news, VP Thomas P. Hunt sold 79,908 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $172.47, for a total transaction of $13,781,732.76. Following the sale, the vice president now owns 133,652 shares of the company’s stock, valued at approximately $23,050,960.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brendan Thomas Cavanagh sold 147,717 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $172.16, for a total transaction of $25,430,958.72. Following the sale, the insider now directly owns 81,810 shares in the company, valued at approximately $14,084,409.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 514,887 shares of company stock worth $88,441,242. Insiders own 2.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in SBAC. Legacy Financial Advisors Inc. purchased a new stake in shares of SBA Communications during the 4th quarter valued at about $25,000. CWM LLC lifted its stake in shares of SBA Communications by 49.2% in the 4th quarter. CWM LLC now owns 185 shares of the technology company’s stock worth $30,000 after purchasing an additional 61 shares during the period. We Are One Seven LLC bought a new position in shares of SBA Communications in the 4th quarter worth approximately $34,000. Private Capital Group LLC lifted its stake in shares of SBA Communications by 38.7% in the 4th quarter. Private Capital Group LLC now owns 226 shares of the technology company’s stock worth $37,000 after purchasing an additional 63 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of SBA Communications by 19.7% in the 4th quarter. IFP Advisors Inc now owns 571 shares of the technology company’s stock worth $93,000 after purchasing an additional 94 shares during the period. 94.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SBAC stock opened at $178.76 on Wednesday. SBA Communications has a one year low of $146.13 and a one year high of $179.63.

SBA Communications (NASDAQ:SBAC) last announced its quarterly earnings data on Monday, November 5th. The technology company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.78 by ($1.64). SBA Communications had a negative net margin of 0.11% and a negative return on equity of 0.65%. The firm had revenue of $467.20 million for the quarter, compared to analysts’ expectations of $459.17 million. During the same period last year, the company posted $1.75 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities analysts expect that SBA Communications will post 7.15 earnings per share for the current year.

SBA Communications Company Profile

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. By “Building Better Wireless,” SBA generates revenue from two primary businesses – site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.

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Analyst Recommendations for SBA Communications (NASDAQ:SBAC)

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