Stocks of SBA Communications Corp (NASDAQ:SBAC) traded higher last session on Wall Street, up 0.55% to $229.52.
SBAC stock price is now 1.54% away from the 50-day moving average and 3.37% away from the 200-day moving average. The market capitalization of the company currently stands at $24.66B.
With the price target maintained at $247, Deutsche Bank recently Downgraded its rating from Buy to Hold for SBA Communications Corp (NASDAQ: SBAC). , while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, LANGER JACK, Director sold 5,000 shares of the company’s stock on May 01 ’25. The stock was sold for $1,202,932 at an average price of $240.59. Upon completion of the transaction, the Director now directly owns 10,522 shares in the company, valued at $2.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01 ’25, Director LANGER JACK bought 5,000 shares of the business’s stock. A total of $1,211,525 was incurred on buying the stock at an average price of $242.31. A total of 1.32% of the company’s stock is owned by insiders.
During the past 12 months, SBA Communications Corp has had a low of $185.44 and a high of $252.64. According to the stock market information, the enterprise value for the company is $38729621504, which is based on a 30.38 price-to-earnings ratio, a 2.72 price-to-earnings-growth ratio, and a beta of 0.78. The fifty day moving average price for SBAC is $226.029 and a two-hundred day moving average price translates $222.03955 for the stock.
The latest earnings results from SBA Communications Corp (NASDAQ: SBAC) was released for 2025-03-31. The company reported revenue of $664.25 million for the quarter, compared to $657.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.97 percent. For the current quarter, analysts expect SBAC to generate $670.75M in revenue.
