SRAX, Inc. (NASDAQ:SRAX) Expected to Post Earnings of $0.08 Per Share

Equities analysts expect SRAX, Inc. (NASDAQ:SRAX – Get Rating) to announce $0.08 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for SRAX’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.08. SRAX posted earnings per share of ($0.57) in the same quarter last year, which would suggest a positive year over year growth rate of 114%. The business is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that SRAX will report full-year earnings of $0.31 per share for the current financial year, with EPS estimates ranging from $0.27 to $0.35. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for SRAX.

Several research firms have commented on SRAX. LADENBURG THALM/SH SH upped their target price on shares of SRAX from $12.00 to $13.50 in a research report on Tuesday, January 11th. Dawson James increased their price objective on shares of SRAX from $11.50 to $13.00 in a report on Monday, January 10th. Finally, Zacks Investment Research upgraded shares of SRAX from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a report on Wednesday, April 6th.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in SRAX by 3.9% during the third quarter. BlackRock Inc. now owns 70,504 shares of the business services provider’s stock worth $377,000 after buying an additional 2,653 shares in the last quarter. Bank of America Corp DE lifted its position in shares of SRAX by 30.4% in the 4th quarter. Bank of America Corp DE now owns 27,261 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 6,349 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of SRAX by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 136,858 shares of the business services provider’s stock valued at $614,000 after buying an additional 7,492 shares during the period. Bank of New York Mellon Corp acquired a new stake in SRAX during the third quarter valued at $57,000. Finally, Geode Capital Management LLC lifted its position in shares of SRAX by 12.8% in the third quarter. Geode Capital Management LLC now owns 187,312 shares of the business services provider’s stock worth $1,000,000 after buying an additional 21,196 shares during the last quarter. Hedge funds and other institutional investors own 30.19% of the company’s stock.

Shares of SRAX stock opened at $4.23 on Tuesday. SRAX has a 1 year low of $3.53 and a 1 year high of $7.29. The firm has a market cap of $110.61 million, a price-to-earnings ratio of -4.81 and a beta of 1.86. The firm has a 50-day moving average of $4.59.

SRAX Company Profile (Get Rating)

SRAX, Inc, a technology company, focused on enhancing communications between public companies and their shareholders and investors in the United States. The company offers Sequire, a Saas platform that allows issuers to track their shareholders' behaviors and trends, then use data-driven insights to engage with shareholders across marketing channels.

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