Social Reality Inc. (NASDAQ:SRAX) Releases Earnings Results, Misses Estimates By $0.05 EPS
Social Reality Inc. (NASDAQ:SRAX) posted its quarterly earnings data on Tuesday. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.05, reports. Social Reality had a negative return on equity of 63.03% and a negative net margin of 10.87%.
Social Reality (NASDAQ SRAX) opened at 1.48 on Tuesday. Social Reality has a 12-month low of $1.14 and a 12-month high of $8.95. The company’s market capitalization is $11.88 million. The company’s 50 day moving average price is $1.35 and its 200-day moving average price is $1.89.
SRAX has been the subject of a number of research reports. Zacks Investment Research upgraded Social Reality from a “sell” rating to a “buy” rating and set a $1.50 price objective for the company in a report on Friday, July 21st. Chardan Capital reiterated a “buy” rating and set a $5.00 price objective (down from $9.00) on shares of Social Reality in a report on Monday, July 17th.
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Social Reality Company Profile
Social Reality, Inc is an Internet advertising and platform technology company. The Company provides tools to automate the digital advertising market. It is engaged in the sales of digital media advertising campaigns to advertising agencies and brands; sales of media inventory through real-time bidding (RTB) exchanges; sale and licensing of its SRAX Social platform and related media, and creation of custom platforms for buying media on SRAX for various brands.
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