Today, the EVP; Pres. – International of SBA Comms (NASDAQ: SBAC), Kurt Bagwell, sold shares of SBAC for $802.
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Based on SBA Comms’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $456 million and GAAP net loss of $57.39 million. In comparison, last year the company earned revenue of $427 million and had a net profit of $9.23 million. SBAC’s market cap is $18.32B and the company has a P/E ratio of 664.92. Currently, SBA Comms has an average volume of 704.8K.
Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $183.33, reflecting a 14.0% upside.
The insider sentiment on SBA Comms has been negative according to 50 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.
