Brokerages Anticipate SRAX, Inc. (NASDAQ:SRAX) to Post $0.04 EPS

Equities research analysts expect that SRAX, Inc. (NASDAQ:SRAX) will announce $0.04 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for SRAX’s earnings. The highest EPS estimate is $0.11 and the lowest is ($0.03). SRAX posted earnings of ($0.38) per share during the same quarter last year, which indicates a positive year over year growth rate of 110.5%. The business is expected to report its next quarterly earnings results on Monday, August 16th.

According to Zacks, analysts expect that SRAX will report full year earnings of ($0.23) per share for the current financial year, with EPS estimates ranging from ($0.33) to ($0.13). For the next year, analysts anticipate that the firm will post earnings of $0.11 per share, with EPS estimates ranging from $0.00 to $0.21. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow SRAX.

SRAX (NASDAQ:SRAX) last posted its quarterly earnings data on Monday, May 24th. The business services provider reported ($0.57) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.44). The company had revenue of $5.44 million for the quarter, compared to analyst estimates of $5.03 million. SRAX had a negative net margin of 165.90% and a negative return on equity of 84.63%.

A number of equities research analysts have issued reports on SRAX shares. Zacks Investment Research upgraded SRAX from a “sell” rating to a “hold” rating in a research note on Thursday. Dawson James began coverage on SRAX in a research report on Monday, April 19th. They issued a “buy” rating and a $10.00 price target for the company.

NASDAQ:SRAX traded down $0.08 during trading hours on Thursday, hitting $4.24. The stock had a trading volume of 1,906 shares, compared to its average volume of 315,242. The company has a market capitalization of $98.33 million, a P/E ratio of -3.14 and a beta of 1.86. The firm has a 50 day simple moving average of $5.04. SRAX has a 1-year low of $2.06 and a 1-year high of $7.29.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intrinsic Edge Capital Management LLC acquired a new position in SRAX in the first quarter worth $3,437,000. Dimensional Fund Advisors LP boosted its stake in SRAX by 71.1% in the first quarter. Dimensional Fund Advisors LP now owns 85,883 shares of the business services provider’s stock worth $407,000 after purchasing an additional 35,698 shares in the last quarter. Alpha Paradigm Partners LLC acquired a new position in SRAX in the first quarter worth $134,000. PEAK6 Investments LLC bought a new stake in shares of SRAX during the first quarter worth $334,000. Finally, Renaissance Technologies LLC raised its position in shares of SRAX by 150.9% during the first quarter. Renaissance Technologies LLC now owns 218,000 shares of the business services provider’s stock worth $1,033,000 after acquiring an additional 131,100 shares during the last quarter. Institutional investors and hedge funds own 12.42% of the company’s stock.

About SRAX

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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Earnings History and Estimates for SRAX (NASDAQ:SRAX)

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