Recent Research Analysts’ Ratings Changes for SBA Communications (SBAC)

Posted by Caroline Horne on Feb 4th, 2025

Several analysts have recently updated their ratings and price targets for SBA Communications (NASDAQ: SBAC):

1/27/2025 – SBA Communications was upgraded by analysts at Citizens Jmp to a “strong-buy” rating.
1/27/2025 – SBA Communications is now covered by analysts at JMP Securities. They set an “outperform” rating and a $250.00 price target on the stock.
1/23/2025 – SBA Communications had its price target lowered by analysts at Wells Fargo & Company from $230.00 to $210.00. They now have an “equal weight” rating on the stock.
1/23/2025 – SBA Communications was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
1/13/2025 – SBA Communications had its price target lowered by analysts at Barclays PLC from $257.00 to $254.00. They now have an “overweight” rating on the stock.
1/13/2025 – SBA Communications was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
12/18/2024 – SBA Communications had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $230.00 price target on the stock, down previously from $260.00.

SBA Communications Stock Down 0.1 %

NASDAQ SBAC traded down $0.19 on Tuesday, hitting $197.54. The stock had a trading volume of 676,211 shares, compared to its average volume of 814,478. The company’s 50-day moving average is $206.89 and its two-hundred day moving average is $221.35. The stock has a market cap of $21.24 billion, a price-to-earnings ratio of 31.16, a P/E/G ratio of 0.70 and a beta of 0.69. SBA Communications Co. has a one year low of $183.64 and a one year high of $252.64.

Insider Buying and Selling

In related news, EVP Mark R. Ciarfella sold 3,545 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $224.33, for a total value of $795,249.85. Following the transaction, the executive vice president now owns 33,588 shares in the company, valued at approximately $7,534,796.04. This represents a 9.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Donald Day sold 2,321 shares of SBA Communications stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $203.43, for a total transaction of $472,161.03. Following the completion of the sale, the executive vice president now owns 4,998 shares of the company’s stock, valued at $1,016,743.14. This trade represents a 31.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On SBA Communications

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new position in shares of SBA Communications during the 3rd quarter worth about $26,000. Evermay Wealth Management LLC acquired a new position in shares of SBA Communications during the fourth quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new stake in shares of SBA Communications in the third quarter valued at approximately $35,000. Friedenthal Financial acquired a new stake in shares of SBA Communications in the third quarter worth $50,000. Finally, Farther Finance Advisors LLC raised its position in shares of SBA Communications by 32.5% during the third quarter. Farther Finance Advisors LLC now owns 216 shares of the technology company’s stock valued at $52,000 after buying an additional 53 shares during the last quarter. 97.35% of the stock is currently owned by institutional investors and hedge funds.

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC.