BidaskClub lowered shares of SBA Communications (NASDAQ:SBAC) from a sell rating to a strong sell rating in a report published on Saturday morning.

Other equities research analysts have also issued reports about the stock. ValuEngine lowered shares of SBA Communications from a buy rating to a hold rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of SBA Communications from a sell rating to a hold rating in a report on Wednesday, August 1st. Deutsche Bank upped their target price on shares of SBA Communications from $170.00 to $183.00 and gave the company a hold rating in a report on Wednesday, August 1st. Finally, Morgan Stanley reduced their target price on shares of SBA Communications from $182.00 to $180.00 and set an overweight rating on the stock in a report on Thursday, May 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $181.80.

Shares of SBA Communications traded down $0.85, reaching $156.10, on Friday, MarketBeat.com reports. 576,462 shares of the company were exchanged, compared to its average volume of 1,128,726. SBA Communications has a 1-year low of $137.17 and a 1-year high of $177.67. The company has a quick ratio of 1.21, a current ratio of 1.18 and a debt-to-equity ratio of -3.18.

SBA Communications (NASDAQ:SBAC) last released its quarterly earnings data on Monday, July 30th. The technology company reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.68). SBA Communications had a negative return on equity of 1.26% and a net margin of 1.73%. The business had revenue of $456.30 million during the quarter, compared to analysts’ expectations of $457.43 million. During the same quarter in the prior year, the firm earned $1.73 earnings per share. SBA Communications’s quarterly revenue was up 6.8% on a year-over-year basis. analysts forecast that SBA Communications will post 7.43 EPS for the current year.

In other SBA Communications news, EVP Kurt L. Bagwell sold 56,273 shares of the stock in a transaction that occurred on Wednesday, June 27th. The shares were sold at an average price of $165.05, for a total value of $9,287,858.65. Following the completion of the sale, the executive vice president now owns 42,089 shares of the company’s stock, valued at $6,946,789.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kurt L. Bagwell sold 126,605 shares of the stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of $165.06, for a total transaction of $20,897,421.30. Following the completion of the sale, the executive vice president now directly owns 42,089 shares of the company’s stock, valued at approximately $6,947,210.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 226,984 shares of company stock valued at $37,231,290. Corporate insiders own 2.70% of the company’s stock.

A number of large investors have recently modified their holdings of SBAC. Nomura Asset Management Co. Ltd. lifted its stake in SBA Communications by 2.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 16,213 shares of the technology company’s stock worth $2,771,000 after purchasing an additional 321 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in SBA Communications by 53.7% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 936 shares of the technology company’s stock worth $160,000 after purchasing an additional 327 shares during the last quarter. Atria Investments LLC lifted its stake in SBA Communications by 8.8% during the second quarter. Atria Investments LLC now owns 4,210 shares of the technology company’s stock worth $695,000 after purchasing an additional 340 shares during the last quarter. Suntrust Banks Inc. lifted its stake in SBA Communications by 12.2% during the first quarter. Suntrust Banks Inc. now owns 3,537 shares of the technology company’s stock worth $603,000 after purchasing an additional 384 shares during the last quarter. Finally, TD Asset Management Inc. lifted its stake in SBA Communications by 0.4% during the second quarter. TD Asset Management Inc. now owns 100,820 shares of the technology company’s stock worth $16,647,000 after purchasing an additional 391 shares during the last quarter. 94.08% of the stock is owned by institutional investors.

About SBA Communications

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.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

Analyst Recommendations for SBA Communications (NASDAQ:SBAC)

Receive News & Ratings for SBA Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SBA Communications and related companies with MarketBeat.com's FREE daily email newsletter.