SITO Mobile, Ltd. (NASDAQ:SITO) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday, August 1st.
A number of other analysts have also recently commented on SITO. Taglich Brothers cut SITO Mobile from a “speculative buy” rating to a “neutral” rating in a research report on Wednesday, April 5th. Zacks Investment Research cut SITO Mobile from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 29th. Ladenburg Thalmann Financial Services boosted their price target on SITO Mobile from $7.20 to $7.80 and gave the stock a “buy” rating in a research report on Thursday, May 4th. Maxim Group reiterated a “buy” rating and set a $4.00 price target on shares of SITO Mobile in a research report on Friday, May 5th. Finally, Craig Hallum cut SITO Mobile from a “buy” rating to a “hold” rating and set a $4.00 price target for the company. in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.34.
SITO Mobile (NASDAQ SITO) opened at 4.12 on Tuesday. The company’s market capitalization is $85.21 million. The firm has a 50 day moving average of $4.69 and a 200-day moving average of $3.32. SITO Mobile has a 1-year low of $1.71 and a 1-year high of $6.48.
SITO Mobile (NASDAQ:SITO) last posted its quarterly earnings data on Monday, August 14th. The Wireless communications provider reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.04. The business had revenue of $10.80 million during the quarter, compared to analysts’ expectations of $10.75 million. SITO Mobile had a negative net margin of 20.97% and a negative return on equity of 22.75%. On average, equities research analysts anticipate that SITO Mobile will post ($0.11) earnings per share for the current fiscal year.
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In other news, Director Itzhak Fisher bought 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were purchased at an average price of $3.47 per share, with a total value of $347,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.50% of the company’s stock.
An institutional investor recently raised its position in SITO Mobile stock. Regentatlantic Capital LLC increased its stake in SITO Mobile, Ltd. (NASDAQ:SITO) by 9.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,079 shares of the Wireless communications provider’s stock after buying an additional 7,673 shares during the period. Regentatlantic Capital LLC owned approximately 0.43% of SITO Mobile worth $327,000 at the end of the most recent quarter. 13.39% of the stock is currently owned by hedge funds and other institutional investors.
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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