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SBA Communications (NASDAQ:SBAC) EVP Mark R. Ciarfella sold 5,673 shares of SBA Communications stock on the open market in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $105.26, for a total value of $597,139.98. Following the sale, the executive vice president now directly owns 5,149 shares in the company, valued at approximately $541,984. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of analysts have recently weighed in on SBAC shares. Analysts at Credit Suisse initiated coverage on shares of SBA Communications in a research note on Friday, June 13th. They set a “neutral” rating and a $110.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of SBA Communications from $100.00 to $115.00 in a research note on Wednesday, May 21st. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity upgraded shares of SBA Communications in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. SBA Communications currently has a consensus rating of “Buy” and an average price target of $107.92.

Shares of SBA Communications (NASDAQ:SBAC) traded down 0.48% on Friday, hitting $103.64. 672,952 shares of the company’s stock traded hands. SBA Communications has a 1-year low of $71.10 and a 1-year high of $105.91. The stock’s 50-day moving average is $100. and its 200-day moving average is $94.64. The company’s market cap is $13.349 billion.

SBA Communications (NASDAQ:SBAC) last released its earnings data on Thursday, May 1st. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $1.23. The company had revenue of $345.50 million for the quarter, compared to the consensus estimate of $334.60 million. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Analysts expect that SBA Communications will post $0.04 EPS for the current fiscal year.

SBA Communications Corporation (NASDAQ:SBAC) is an independent owner and operator of wireless communications towers.

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