SBA Communications Co. (NASDAQ:SBAC) EVP Kurt L. Bagwell sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $185.27, for a total transaction of $1,296,890.00. Following the completion of the transaction, the executive vice president now owns 61,668 shares in the company, valued at approximately $11,425,230.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

SBAC opened at $189.44 on Friday. The company has a market cap of $21.28 billion, a PE ratio of 24.93, a PEG ratio of 2.39 and a beta of 0.82. SBA Communications Co. has a 52-week low of $146.13 and a 52-week high of $189.50.

SBA Communications (NASDAQ:SBAC) last posted its quarterly earnings data on Thursday, February 21st. The technology company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($1.33). The firm had revenue of $483.85 million for the quarter, compared to analysts’ expectations of $472.87 million. SBA Communications had a net margin of 2.54% and a negative return on equity of 1.71%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 EPS. As a group, sell-side analysts forecast that SBA Communications Co. will post 7.82 EPS for the current fiscal year.

Several research analysts recently commented on SBAC shares. Zacks Investment Research upgraded shares of SBA Communications from a “hold” rating to a “buy” rating and set a $192.00 price target on the stock in a report on Thursday, November 15th. ValuEngine lowered shares of SBA Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Morgan Stanley lifted their price objective on shares of SBA Communications from $190.00 to $204.00 and gave the company an “overweight” rating in a research note on Monday. BidaskClub lowered shares of SBA Communications from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 28th. Finally, Guggenheim lowered shares of SBA Communications from a “buy” rating to a “neutral” rating and set a $185.00 price objective on the stock. in a research note on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $187.63.

Several institutional investors and hedge funds have recently bought and sold shares of SBAC. Legacy Financial Advisors Inc. bought a new stake in shares of SBA Communications in the fourth quarter worth $25,000. Resources Investment Advisors Inc. bought a new stake in shares of SBA Communications in the fourth quarter worth $28,000. CWM LLC increased its stake in shares of SBA Communications by 49.2% in the fourth quarter. CWM LLC now owns 185 shares of the technology company’s stock worth $30,000 after buying an additional 61 shares during the last quarter. We Are One Seven LLC bought a new stake in shares of SBA Communications in the fourth quarter worth $34,000. Finally, Private Capital Group LLC increased its stake in shares of SBA Communications by 38.7% in the fourth quarter. Private Capital Group LLC now owns 226 shares of the technology company’s stock worth $37,000 after buying an additional 63 shares during the last quarter. Institutional investors own 93.66% of the company’s stock.

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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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