Social Reality Inc (NASDAQ:SRAX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “Social Reality, Inc. is an internet advertising company. It provides automated digital platform technology and social management software for internet advertising. The Company’s business platform consists of Social Reality Ad Exchange, GroupAd, SRAX MD, SRAX DI and Steel Media. It provides a platform which allows website publishers to sell their media inventory to digital adverting buyers. Social Reality, Inc. is headquartered in Los Angeles, California. “
Social Reality (NASDAQ:SRAX) traded up 2.46% on Wednesday, hitting $6.25. 880 shares of the stock were exchanged. The stock’s 50 day moving average price is $6.42 and its 200 day moving average price is $6.84. The firm’s market cap is $43.38 million. Social Reality has a 52-week low of $5.05 and a 52-week high of $9.40.
Social Reality (NASDAQ:SRAX) last announced its earnings results on Monday, November 14th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by $0.16. Equities research analysts forecast that Social Reality will post ($1.12) earnings per share for the current year.
About Social Reality
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.