Following Jeffrey Stoops’ last SBAC Sell transaction on May 19, 2017, the stock climbed by 38.7%.
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 911.3K.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $182.67, reflecting a 6.5% upside.
The insider sentiment on SBA Communications Corporation has been neutral according to 52 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Jeffrey Stoops’ trades have generated a -8.2% 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.