Sito Mobile Ltd (NASDAQ:SITO) has earned an average rating of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $10.00.
A number of research firms have commented on SITO. Zacks Investment Research upgraded Sito Mobile from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Ladenburg Thalmann Financial Services upgraded Sito Mobile from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Thursday, December 14th. upped their price target on Sito Mobile from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Cowen restated an “outperform” rating on shares of Sito Mobile in a research note on Wednesday, November 15th. Finally, Maxim Group set a $10.00 price target on Sito Mobile and gave the stock a “buy” rating in a research note on Wednesday, November 15th.
Sito Mobile (SITO) traded down $0.13 during trading hours on Friday, reaching $6.21. The company’s stock had a trading volume of 23,695 shares, compared to its average volume of 153,244. Sito Mobile has a one year low of $1.71 and a one year high of $8.60. The firm has a market capitalization of $139.66, a PE ratio of -10.75 and a beta of -1.21.
Sito Mobile (NASDAQ:SITO) last released its quarterly earnings results 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 firm had revenue of $11.10 million for the quarter, compared to analyst estimates of $11.34 million. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. equities research analysts predict that Sito Mobile will post -0.44 EPS for the current year.
In related news, CEO Thomas Pallack acquired 31,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were acquired at an average price of $6.83 per share, with a total value of $211,730.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.46% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in shares of Sito Mobile during the third quarter worth $204,000. National Asset Management Inc. increased its holdings in Sito Mobile by 270.4% in the second quarter. National Asset Management Inc. now owns 500,000 shares of the Wireless communications provider’s stock valued at $1,855,000 after buying an additional 365,000 shares during the last quarter. Finally, Cannell Peter B & Co. Inc. increased its holdings in Sito Mobile by 10.7% in the third quarter. Cannell Peter B & Co. Inc. now owns 882,995 shares of the Wireless communications provider’s stock valued at $6,305,000 after buying an additional 85,300 shares during the last quarter. 12.08% of the stock is currently owned by institutional investors and hedge funds.
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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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