Social Reality Inc. (SRAX) Issues Earnings Results, Misses Estimates By $0.05 EPS
Social Reality Inc. (NASDAQ:SRAX) posted its quarterly earnings results on Tuesday. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.05, reports. Social Reality had a negative return on equity of 63.03% and a negative net margin of 10.87%.
Shares of Social Reality (NASDAQ:SRAX) opened at 1.48 on Tuesday. The stock’s market capitalization is $11.88 million. The stock has a 50 day moving average price of $1.35 and a 200 day moving average price of $1.89. Social Reality has a 52 week low of $1.14 and a 52 week high of $8.95.
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A number of research firms recently weighed in on SRAX. Zacks Investment Research downgraded Social Reality from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Chardan Capital reaffirmed a “buy” rating and set a $5.00 price target (down from $9.00) on shares of Social Reality in a research note on Monday, July 17th.
Social Reality Company Profile
Social Reality, Inc is an Internet advertising and platform technology company. The Company provides tools to automate the digital advertising market. It is engaged in the sales of digital media advertising campaigns to advertising agencies and brands; sales of media inventory through real-time bidding (RTB) exchanges; sale and licensing of its SRAX Social platform and related media, and creation of custom platforms for buying media on SRAX for various brands.
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