Today, the Chief Executive Officer & Pres of SBA Communications Corporation (SBAC), Jeffrey Stoops, bought shares of SBAC for $1,811.
In addition to Jeffrey Stoops, one other SBAC executive reported Buy trades in the last month.
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Based on SBA Communications Corporation’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $467 million and quarterly net profit of $16.14 million. In comparison, last year the company earned revenue of $434 million and had a net profit of $49.16 million. Currently, SBA Communications Corporation has an average volume of 1.23M.
Starting in August 2018, SBAC received 5 Buy ratings in a row. Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $182.67, reflecting a 5.9% upside. Three different firms, including Citigroup and Guggenheim, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $6.91M worth of SBAC shares and purchased $1,811 worth of SBAC shares. The insider sentiment on SBA Communications Corporation has been negative according to 55 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
Jeffrey Stoops’ trades have generated a -7.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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SBA Communications Corp. is a real estate investment trust, which engages in the provision of wireless communications infrastructures. It operates through the following business segments: Domestic Site Leasing, International Site Leasing, and Site Development. The Domestic Site Leasing segment includes AT&T, Sprint, T-Mobile, and Verizon Wireless.
