Stocks of Boston Omaha Corporation (NYSE:BOC) traded higher last session on Wall Street, down -1.60% to $27.00.
According to the data, Boston Omaha Corporation (NYSE:BOC) has 2 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $34.00, we find $37.00. Given the previous closing price of $27.44, this indicates a potential upside of 34.84 percent. BOC stock price is now 0.42% away from the 50-day moving average and 10.16% away from the 200-day moving average. The market capitalization of the company currently stands at $769.77M.
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A total of 0 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $37.00 as their price target over the next twelve months.
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In other news, Kenan Frank H. II, Director sold 9,210 shares of the company’s stock on Sep 15. The stock was sold for $241,459 at an average price of $26.22. Upon completion of the transaction, the Director now directly owns 161,666 shares in the company, valued at $4.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 14, Director Kenan Frank H. II sold 10,790 shares of the business’s stock. A total of $276,170 was realized by selling the stock at an average price of $25.59. This leaves the insider owning 170,876 shares of the company worth $4.61 million. Insiders disposed of 1,424,414 shares of company stock worth roughly $38.46 million over the past 1 year. A total of 4.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BOC stock. A new stake in Boston Omaha Corporation shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $74,927,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP invested $262,000 in shares of BOC during the first quarter. In the first quarter, INDEPENDENT ADVISOR ALLIANCE acquired a new stake in Boston Omaha Corporation valued at approximately $250,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in BOC for approximately $66,000. EVERMAY WEALTH MANAGEMENT LLC purchased a new stake in BOC valued at around $27,000 in the second quarter. In total, there are 161 active investors with 66.70% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $27.40 for Boston Omaha Corporation (NYSE: BOC). During the past 12 months, Boston Omaha Corporation has had a low of $18.68 and a high of $30.94. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 2.50, and a quick ratio of 2.50. The fifty day moving average price for BOC is $26.89 and a two-hundred day moving average price translates $24.51 for the stock.
The latest earnings results from Boston Omaha Corporation (NYSE: BOC) was released for Jun, 2022. According to the Advertising Agencies Company, earnings per share came in at -$0.03, missing analysts’ expectations of $0 by -0.03. This compares to -$0.97 EPS in the same period last year. The net profit margin was -14.50% and return on equity was -2.10% for BOC. The company reported revenue of $21.45 million for the quarter, compared to $14.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.94 percent. For the current quarter, analysts expect BOC to generate $21.36M in revenue.
Boston Omaha Corporation(BOC) Company Profile
Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and investment businesses. The company provides high-speed internet service to approximately 7,000 subscribers in communities in southern Arizona; and 10,000 subscribers in Salt Lake City, Park City, Ogden, Provo, and surrounding communities. As of March 25, 2022, it operated approximately 3,900 billboards containing approximately 7,400 advertising faces of which 80 are digital displays. The company was formerly known as REO Plus, Inc. and changed its name to Boston Omaha Corporation in March 2015. Boston Omaha Corporation was incorporated in 2009 and is headquartered in Omaha, Nebraska.
