Sizmek Inc. (SZMK) Sees Large Volume Increase
Sizmek Inc. (NASDAQ:SZMK) shares saw unusually-high trading volume on Tuesday . Approximately 270,882 shares traded hands during mid-day trading, an increase of 23% from the previous session’s volume of 220,623 shares.The stock last traded at $3.88 and had previously closed at $3.88.
Separately, Zacks Investment Research lowered shares of Sizmek from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th.
The stock’s 50 day moving average price is $3.84 and its 200 day moving average price is $2.94. The company’s market cap is $113.07 million.
Sizmek (NASDAQ:SZMK) last released its earnings results on Wednesday, August 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10. Sizmek had a negative net margin of 68.04% and a negative return on equity of 8.56%. The company earned $48.90 million during the quarter, compared to the consensus estimate of $40.20 million. Equities research analysts forecast that Sizmek Inc. will post ($0.25) earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SZMK. Paloma Partners Management Co acquired a new position in Sizmek during the second quarter worth $176,000. Guggenheim Capital LLC increased its position in Sizmek by 6.6% in the second quarter. Guggenheim Capital LLC now owns 164,926 shares of the company’s stock worth $378,000 after buying an additional 10,176 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Sizmek by 8.5% in the second quarter. Parametric Portfolio Associates LLC now owns 55,486 shares of the company’s stock worth $127,000 after buying an additional 4,362 shares in the last quarter. Roumell Asset Management LLC increased its position in Sizmek by 15.4% in the second quarter. Roumell Asset Management LLC now owns 1,322,784 shares of the company’s stock worth $3,029,000 after buying an additional 176,884 shares in the last quarter. Finally, Spark Investment Management LLC increased its position in Sizmek by 32.7% in the second quarter. Spark Investment Management LLC now owns 257,500 shares of the company’s stock worth $589,000 after buying an additional 63,500 shares in the last quarter. Institutional investors and hedge funds own 41.61% of the company’s stock.
Sizmek Company Profile
Sizmek Inc (Sizmek) is an open ad management company. The Company operates an independent online advertisement campaign management and distribution platform. The Company helps advertisers, agencies and publishers engage with consumers across multiple online media channels (mobile, display, video and social).
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