Social Reality Inc. (NASDAQ:SRAX) posted its quarterly earnings results on Tuesday, November 14th. The business services provider reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.17), Bloomberg Earnings reports. The company had revenue of $5.55 million during the quarter. Social Reality had a negative return on equity of 87.80% and a negative net margin of 28.84%.
Shares of Social Reality (SRAX) traded up $1.59 during mid-day trading on Thursday, reaching $5.82. The company’s stock had a trading volume of 7,548,400 shares, compared to its average volume of 378,519. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.42 and a quick ratio of 0.42. Social Reality has a 52-week low of $1.11 and a 52-week high of $6.85.
SRAX has been the subject of several research analyst reports. Zacks Investment Research raised Social Reality from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a research note on Wednesday, August 16th. Chardan Capital reissued a “buy” rating on shares of Social Reality in a research note on Tuesday, September 26th. Finally, ValuEngine raised Social Reality from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 17th.
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.