Zacks Investment Research lowered shares of Social Reality Inc (NASDAQ:SRAX) from a buy rating to a hold rating in a research note published 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. “
Separately, Chardan Capital started coverage on Social Reality in a research report on Wednesday, February 1st. They set a buy rating and a $9.00 target price on the stock.
Shares of Social Reality (NASDAQ:SRAX) opened at 2.10 on Wednesday. The stock’s market cap is $14.58 million. Social Reality has a 52-week low of $2.04 and a 52-week high of $9.40. The company’s 50-day moving average price is $2.73 and its 200-day moving average price is $5.18.
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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