Media stories about Sito Mobile (NASDAQ:SITO) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sito Mobile earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the Wireless communications provider an impact score of 45.4085131417423 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities research analysts have issued reports on the stock. Craig Hallum lowered shares of Sito Mobile from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research raised shares of Sito Mobile from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 24th. Maxim Group set a $4.00 price target on shares of Sito Mobile and gave the company a “buy” rating in a report on Tuesday, August 15th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $7.80 target price on shares of Sito Mobile in a report on Wednesday, August 16th. Finally, Lake Street Capital started coverage on shares of Sito Mobile in a report on Wednesday, October 25th. They issued a “buy” rating and a $10.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Sito Mobile currently has a consensus rating of “Hold” and a consensus target price of $8.83.
Sito Mobile (NASDAQ SITO) traded down $0.15 on Friday, hitting $6.28. 96,203 shares of the stock traded hands, compared to its average volume of 260,530. Sito Mobile has a fifty-two week low of $1.71 and a fifty-two week high of $8.60.
Sito Mobile (NASDAQ:SITO) last issued its quarterly earnings data on Tuesday, November 14th. The Wireless communications provider reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). Sito Mobile had a negative return on equity of 47.82% and a negative net margin of 29.34%. The company had revenue of $11.10 million for the quarter, compared to the consensus estimate of $11.34 million. Sito Mobile’s quarterly revenue was up 29.7% on a year-over-year basis. research analysts expect that Sito Mobile will post -0.44 earnings per share for the current year.
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Sito Mobile Company Profile
SITO Mobile, Ltd. operates a mobile location-based advertising platform serving businesses, advertisers and brands. The Company’s offerings include SITO Location-Based Advertising and SITO Mobile Messaging. SITO Location-Based Advertising delivers display advertisements and videos on behalf of advertisers, including various features, such as Geo-fencing, Verified walk-in, Behavioral Targeting, and Analytics and Optimization.
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