Social Reality Inc. (SRAX) Downgraded by Zacks Investment Research

Social Reality Inc. (NASDAQ:SRAX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, October 18th.

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. “

SRAX has been the topic of a number of other research reports. Chardan Capital restated a “buy” rating on shares of Social Reality in a research report on Tuesday, September 26th. ValuEngine upgraded Social Reality from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 17th.

Shares of Social Reality (SRAX) traded down 14.22% on Wednesday, hitting $3.86. 2,456,108 shares of the stock traded hands. Social Reality has a one year low of $1.11 and a one year high of $7.00. The company’s 50 day moving average is $2.63 and its 200 day moving average is $1.78. The stock’s market cap is $30.98 million.

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Social Reality Company Profile

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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