Social Reality Inc. (NASDAQ:SRAX) Rating Reiterated by Chardan Capital

Social Reality Inc. (NASDAQ:SRAX)‘s stock had its “buy” rating restated by analysts at Chardan Capital in a report released on Monday, July 17th, MarketBeat.com reports. They presently have a $5.00 price objective on the business services provider’s stock, down from their previous price objective of $9.00. Chardan Capital’s price target would indicate a potential upside of 254.61% from the stock’s current price.

Shares of Social Reality (SRAX) traded up 2.17% on Monday, reaching $1.41. 4,151 shares of the company’s stock were exchanged. The company’s 50 day moving average is $1.35 and its 200-day moving average is $1.93. The stock’s market cap is $11.32 million. Social Reality has a one year low of $1.14 and a one year high of $8.95.

Social Reality (NASDAQ:SRAX) last issued its quarterly earnings results on Monday, May 15th. The business services provider reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.26. The business had revenue of $5.33 million during the quarter. Social Reality had a negative return on equity of 63.03% and a negative net margin of 10.87%. On average, analysts anticipate that Social Reality will post ($0.13) EPS for the current year.

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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.

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