ValuEngine upgraded shares of SITO Mobile, Ltd. (NASDAQ:SITO) from a sell rating to a hold rating in a report published on Saturday.
Other equities analysts have also recently issued research reports about the company. Ladenburg Thalmann Financial Services dropped their price objective on SITO Mobile from $8.00 to $7.20 and set a buy rating for the company in a report on Wednesday, March 29th. Maxim Group restated a buy rating and set a $4.00 price objective on shares of SITO Mobile in a report on Monday, May 15th. Zacks Investment Research upgraded SITO Mobile from a strong sell rating to a hold rating in a report on Wednesday, June 14th. Craig Hallum cut SITO Mobile from a buy rating to a hold rating and set a $4.00 price objective for the company. in a report on Thursday, May 25th. Finally, Taglich Brothers cut SITO Mobile from a speculative buy rating to a neutral rating in a report on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $5.34.
Shares of SITO Mobile (NASDAQ SITO) opened at 6.01 on Friday. SITO Mobile has a 52 week low of $1.71 and a 52 week high of $6.45. The company has a 50-day moving average price of $4.23 and a 200-day moving average price of $3.07. The stock’s market cap is $124.29 million.
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In other news, Director Itzhak Fisher bought 100,000 shares of the stock in a transaction on Thursday, June 15th. The stock was acquired at an average cost of $3.47 per share, for a total transaction of $347,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 6.50% of the stock is currently owned by corporate insiders.
An institutional investor recently bought a new position in SITO Mobile stock. National Asset Management Inc. bought a new stake in SITO Mobile, Ltd. (NASDAQ:SITO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 135,000 shares of the Wireless communications provider’s stock, valued at approximately $347,000. National Asset Management Inc. owned 0.65% of SITO Mobile at the end of the most recent quarter. Institutional investors own 14.20% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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