Shares of SITO Mobile (NASDAQ:SITO) have earned a consensus rating of “Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $8.75.
Several equities analysts have recently weighed in on the stock. Maxim Group reissued a “buy” rating and issued a $10.00 price objective on shares of SITO Mobile in a research report on Monday, January 29th. ValuEngine lowered shares of SITO Mobile from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Finally, Zacks Investment Research raised shares of SITO Mobile from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th.
A number of large investors have recently added to or reduced their stakes in the stock. National Asset Management Inc. increased its position in SITO Mobile by 3.7% during the fourth quarter. National Asset Management Inc. now owns 707,000 shares of the Wireless communications provider’s stock worth $4,752,000 after acquiring an additional 25,000 shares during the period. EAM Investors LLC bought a new position in SITO Mobile during the fourth quarter worth about $2,219,000. Millennium Management LLC bought a new position in SITO Mobile during the fourth quarter worth about $818,000. Private Advisor Group LLC bought a new position in SITO Mobile during the third quarter worth about $204,000. Finally, Monashee Investment Management LLC bought a new position in SITO Mobile during the fourth quarter worth about $126,000. 13.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of SITO opened at $3.69 on Wednesday. SITO Mobile has a fifty-two week low of $2.45 and a fifty-two week high of $8.60.
SITO Mobile (NASDAQ:SITO) last issued its quarterly earnings data on Wednesday, March 21st. The Wireless communications provider reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.05). The company had revenue of $14.70 million during the quarter, compared to the consensus estimate of $12.40 million. SITO Mobile had a negative net margin of 37.29% and a negative return on equity of 70.24%. equities analysts expect that SITO Mobile will post -0.03 EPS 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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