SBA Communications Corp (NASDAQ: SBAC) is 12.39% 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 $225.67 in the last trading session, with the day’s gains setting it 3.39%.
Currently trading at $229.06, the stock is 4.50% and 5.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 1.50% at the moment leaves the stock 4.52% off its SMA200. SBAC registered 17.43% gain for a year compared to 6-month loss of -8.12%. The firm has a 50-day simple moving average (SMA 50) of $216.7274 and a 200-day simple moving average (SMA200) of $219.15816.
The stock witnessed a 4.22% gain in the last 1 month and extending the period to 3 months gives it a 12.19%, and is 7.95% 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 3.00% over the week and 3.34% over the month.
SBA Communications Corp (SBAC) has around 1720 employees, a market worth around $24.74B and $2.68B in sales. Current P/E ratio is 33.02 and Fwd P/E is 25.57. Profit margin for the company is 27.97%. Distance from 52-week low is 24.73% and -9.33% from its 52-week high. The company has generated returns on investments over the last 12 months (8.15%).
The EPS is expected to grow by 22.75% this year.
SBA Communications Corp (SBAC) Top Institutional Holders
1025.0 institutions hold shares in SBA Communications Corp (SBAC), with institutional investors hold 101.24% of the company’s shares. The shares outstanding are 107.56M, and float is at 106.38M with Short Float at 1.87%. Institutions hold 100.53% of the Float.
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 8.6142 of the shares outstanding. The other top investors are STATE STREET CORP which holds 4.56 million shares representing 4.2452% and valued at over $895.51 million, while PRINCIPAL FINANCIAL GROUP INC holds 3.9121 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 KOENIG JOSHUA, the company’s EXECUTIVE VP/GENERAL COUNSEL. SEC filings show that KOENIG JOSHUA sold 2,209 shares of the company’s common stock on Mar 07 ’25 at a price of $224.18 per share for a total of $0.5 million. Following the sale, the insider now owns 6079.0 shares.
SBA Communications Corp disclosed in a document filed with the SEC on Feb 28 ’25 that Chan Mary S (Director) sold a total of 1,411 shares of the company’s common stock. The trade occurred on Feb 28 ’25 and was made at $218.07 per share for $0.31 million. Following the transaction, the insider now directly holds 5131.0 shares of the SBAC stock.
Still, SEC filings show that on Feb 28 ’25, MARY CHAN (Director) Proposed Sale 1,411 shares at an average price of $218.07 for $0.31 million. The insider now directly holds shares of SBA Communications Corp (SBAC).
