SBA Communications (NASDAQ:SBAC – Get Free Report) had its target price raised by investment analysts at TD Cowen from $229.00 to $239.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. TD Cowen‘s price target suggests a potential upside of 31.32% from the stock’s previous close.
Several other analysts have also issued reports on the company. Weiss Ratings raised SBA Communications from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 15th. Morgan Stanley dropped their price target on SBA Communications from $215.00 to $205.00 and set an “equal weight” rating for the company in a research note on Monday, September 21st. Wells Fargo & Company set a $200.00 target price on shares of SBA Communications in a report on Tuesday. UBS Group cut shares of SBA Communications from a “market perform” rating to a “hold” rating in a research report on Monday, August 24th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of SBA Communications in a report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, SBA Communications presently has a consensus rating of “Moderate Buy” and an average target price of $226.00.
Check Out Our Latest Stock Report on SBAC
SBA Communications Stock Performance
Shares of SBAC stock traded down $2.87 during trading on Tuesday, hitting $182.00. The company had a trading volume of 161,655 shares, compared to its average volume of 1,046,338. The firm has a market capitalization of $19.31 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.85 and a beta of 0.97. The stock’s 50-day moving average price is $179.46 and its 200 day moving average price is $190.01. SBA Communications has a one year low of $156.60 and a one year high of $224.46.
SBA Communications (NASDAQ:SBAC – Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The technology company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.10. The business had revenue of $713.92 million for the quarter, compared to the consensus estimate of $724.07 million. SBA Communications had a negative return on equity of 20.67% and a net margin of 34.51%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.30 earnings per share. On average, research analysts anticipate that SBA Communications will post 11.40 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director George R. Krouse, Jr. sold 300 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $182.67, for a total value of $54,801.00. Following the sale, the director directly owned 8,512 shares of the company’s stock, valued at $1,554,887.04. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 9.50% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of SBA Communications during the 2nd quarter valued at approximately $228,367,000. Arrowstreet Capital Limited Partnership increased its position in SBA Communications by 47.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,615,054 shares of the technology company’s stock worth $277,967,000 after purchasing an additional 522,442 shares in the last quarter. Bank of America Corp DE increased its position in SBA Communications by 41.7% during the 1st quarter. Bank of America Corp DE now owns 1,005,366 shares of the technology company’s stock worth $173,033,000 after purchasing an additional 295,727 shares in the last quarter. Walleye Capital LLC bought a new position in SBA Communications in the 1st quarter valued at approximately $17,995,000. Finally, Empyrean Capital Partners LP bought a new position in SBA Communications in the 1st quarter valued at approximately $17,555,000. Institutional investors own 97.35% of the company’s stock.
Trending Headlines about SBA Communications
Here are the key news stories impacting SBA Communications this week:
- Positive Sentiment: Third-quarter adjusted funds from operations (AFFO) totaled $3.19 per share, exceeding the $3.08 consensus estimate, while adjusted EPS of $2.19 also beat expectations of $2.09. SBA Communications Tops Q3 FFO Estimates
- Positive Sentiment: SBA Communications repurchased approximately 1.7 million shares during the quarter, which can support per-share results. The company also declared a quarterly dividend of $1.25 per share, or $5.00 annualized, representing a yield of about 2.7%. SBA Communications Third Quarter Results and Outlook
- Neutral Sentiment: Morgan Stanley maintained its Hold rating and $205 price target, viewing the stock’s risk-reward profile as balanced amid ongoing leasing headwinds. Morgan Stanley Maintains Hold Rating
- Negative Sentiment: Third-quarter revenue was $713.9 million, below the $724.1 million consensus estimate and down 2.5% year over year. EPS also fell from $3.30 in the prior-year quarter, highlighting weaker operating trends despite the quarterly beat. SBA Communications Q3 Revenue Results
- Negative Sentiment: Management’s 2026 revenue outlook of $2.8 billion to $2.9 billion includes the consensus estimate only at the top end. Reports also highlighted approximately $110 million of churn-related drag and continued weakness in U.S. leasing, raising concerns about near-term tower demand and growth. SBA Communications Q3 Earnings and Churn Drag
SBA Communications Company Profile
SBA Communications Corporation is a real estate investment trust that owns and operates wireless communications infrastructure. The company’s portfolio primarily consists of wireless communications towers and related sites that support cellular, wireless broadband, and other communications equipment.
SBA Communications leases antenna space on its towers to wireless service providers, government agencies, and other communications companies. It also provides site development services, including zoning, permitting, construction, and project management, as well as tower construction and acquisition services in selected markets.
Founded in 1989 and headquartered in Boca Raton, Florida, SBA Communications serves customers across the United States and in parts of Central and South America.
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