SBA Communications Corp (NASDAQ: SBAC) is 9.78% higher on its value in year-to-date trading and has touched a low of $183.64 and a high of $252.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SBAC stock was last observed hovering at around $218.74 in the last trading session, with the day’s gains setting it 4.99%.
Currently trading at $223.73, the stock is 4.84% and 8.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing 2.28% at the moment leaves the stock 3.84% off its SMA200. SBAC registered 3.34% gain for a year compared to 6-month loss of -4.07%.
The stock witnessed a 9.95% gain in the last 1 month and extending the period to 3 months gives it a 0.29%, and is 2.68% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.99% over the week and 2.29% over the month.
SBA Communications Corp (SBAC) has around 1720 employees, a market worth around $24.08B and $2.68B in sales. Current P/E ratio is 32.25 and Fwd P/E is 24.91. Profit margin for the company is 27.97%. Distance from 52-week low is 21.83% and -11.44% from its 52-week high. The company has generated returns on investments over the last 12 months (8.15%).
with sales reaching $662.32M over the same period.The EPS is expected to grow by 21.14% this year, but quarterly earnings will post 1.45% year-over-year. Quarterly sales are estimated to grow 0.68% in year-over-year returns.
SBA Communications Corp (SBAC) Top Institutional Holders
The shares outstanding are 107.56M, and float is at 106.00M with Short Float at 1.94%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 17.46 million shares valued at $3.43 billion. The investor’s holdings represent 16.1495% of the SBAC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.26 million shares valued at $1.82 billion to account for 8.5632 of the shares outstanding. The other top investors are STATE STREET CORP which holds 4.56 million shares representing 4.2201% and valued at over $895.51 million, while PRINCIPAL FINANCIAL GROUP INC holds 3.889 of the shares totaling 4.2 million with a market value of $825.26 million.
SBA Communications Corp (SBAC) Insider Activity
The most recent transaction is an insider sale by Chan Mary S, the company’s Director. SEC filings show that Chan Mary S sold 1,411 shares of the company’s common stock on Feb 28 ’25 at a price of $218.07 per share for a total of $0.31 million. Following the sale, the insider now owns 5131.0 shares.
Still, SEC filings show that on Dec 20 ’24, DAY DONALD (EVP – SITE LEASING) disposed off 2,321 shares at an average price of $203.43 for $0.47 million. The insider now directly holds 4,998 shares of SBA Communications Corp (SBAC).
