Shares of BOSTON OMAHA Corp (NASDAQ:BOMN) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price target of $33.00 for the company, according to Zacks. Zacks has also assigned BOSTON OMAHA an industry rank of 51 out of 255 based on the ratings given to its competitors.
Several analysts have weighed in on the stock. ValuEngine raised shares of BOSTON OMAHA from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. BidaskClub raised shares of BOSTON OMAHA from a “sell” rating to a “hold” rating in a research note on Saturday.
In related news, Director Brendan Joseph Keating purchased 5,650 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of $20.00 per share, with a total value of $113,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 56.11% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BOMN. JPMorgan Chase & Co. grew its stake in shares of BOSTON OMAHA by 458.5% during the second quarter. JPMorgan Chase & Co. now owns 6,881 shares of the company’s stock valued at $155,000 after purchasing an additional 5,649 shares during the last quarter. Swiss National Bank bought a new stake in shares of BOSTON OMAHA during the second quarter valued at approximately $363,000. Athena Capital Advisors LLC bought a new stake in shares of BOSTON OMAHA during the second quarter valued at approximately $477,000. Charles Schwab Investment Management Inc. grew its stake in shares of BOSTON OMAHA by 95.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 23,452 shares of the company’s stock valued at $543,000 after purchasing an additional 11,452 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of BOSTON OMAHA by 80.4% during the second quarter. Bank of New York Mellon Corp now owns 33,720 shares of the company’s stock valued at $781,000 after purchasing an additional 15,029 shares during the last quarter. 74.10% of the stock is currently owned by institutional investors and hedge funds.
BOSTON OMAHA stock traded up $0.65 during trading hours on Friday, hitting $23.91. 32,200 shares of the stock were exchanged, compared to its average volume of 45,468. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.65 and a quick ratio of 6.65. BOSTON OMAHA has a 12 month low of $18.44 and a 12 month high of $28.56. The business’s 50-day moving average is $20.44 and its two-hundred day moving average is $22.30.
BOSTON OMAHA (NASDAQ:BOMN) last issued its quarterly earnings data on Friday, August 9th. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $10.14 million for the quarter. BOSTON OMAHA had a negative return on equity of 3.66% and a negative net margin of 34.78%.
BOSTON OMAHA Company Profile
Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. The company is also involved in the surety insurance and related brokerage, and investment businesses. As of March 11, 2019, it operated approximately 2,900 billboards containing approximately 5,400 advertising faces of which 61 are digital displays.
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