Wall Street analysts forecast that SRAX, Inc. (NASDAQ:SRAX – Get Rating) will announce $0.08 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for SRAX’s earnings. SRAX reported earnings of ($0.57) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 114%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that SRAX will report full year earnings of $0.35 per share for the current fiscal year. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow SRAX.
Separately, Zacks Investment Research cut shares of SRAX from a “buy” rating to a “hold” rating in a report on Saturday, May 7th.
Several institutional investors have recently modified their holdings of SRAX. Whitefort Capital Management LP boosted its stake in shares of SRAX by 107.8% during the 1st quarter. Whitefort Capital Management LP now owns 2,426,736 shares of the business services provider’s stock worth $11,721,000 after acquiring an additional 1,258,976 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of SRAX during the 3rd quarter worth $1,017,000. Divisadero Street Capital Management LP purchased a new position in shares of SRAX during the 4th quarter worth $659,000. Dimensional Fund Advisors LP boosted its stake in shares of SRAX by 38.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 129,366 shares of the business services provider’s stock worth $691,000 after acquiring an additional 36,083 shares during the last quarter. Finally, Avenir Corp purchased a new position in shares of SRAX during the 4th quarter worth $154,000. Institutional investors and hedge funds own 25.22% of the company’s stock.
SRAX Company Profile (Get Rating)
SRAX, Inc, a technology company, focused on enhancing communications between public companies and their shareholders and investors in the United States. The company offers Sequire, a Saas platform that allows issuers to track their shareholders' behaviors and trends, then use data-driven insights to engage with shareholders across marketing channels.
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