Regentatlantic Capital LLC increased its stake in SITO Mobile, Ltd. (NASDAQ:SITO) by 9.5% during the second quarter, according to its most recent 13F 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 0.43% of SITO Mobile worth $327,000 at the end of the most recent reporting period.
Separately, National Asset Management Inc. bought a new stake in shares of SITO Mobile during the first quarter valued at about $347,000. Institutional investors and hedge funds own 13.39% of the company’s stock.
SITO Mobile, Ltd. (NASDAQ:SITO) traded up 2.64% during midday trading on Friday, reaching $4.27. 14,041 shares of the company’s stock were exchanged. The company’s market cap is $93.54 million. The company has a 50 day moving average price of $4.71 and a 200 day moving average price of $3.33. SITO Mobile, Ltd. has a 12 month low of $1.71 and a 12 month high of $6.48.
SITO Mobile (NASDAQ:SITO) last issued its quarterly earnings data on Thursday, August 17th. The Wireless communications provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.04. SITO Mobile had a negative net margin of 20.97% and a negative return on equity of 24.74%. The firm had revenue of $10.80 million during the quarter, compared to analyst estimates of $10.75 million. On average, equities analysts anticipate that SITO Mobile, Ltd. will post ($0.37) EPS for the current year.
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Several equities research analysts have recently issued reports on SITO shares. Ladenburg Thalmann Financial Services restated a “buy” rating and issued a $7.80 price objective on shares of SITO Mobile in a research note on Wednesday. Maxim Group set a $4.00 price objective on shares of SITO Mobile and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of SITO Mobile from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 14th. ValuEngine upgraded shares of SITO Mobile from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. Finally, Craig Hallum downgraded shares of SITO Mobile from a “buy” rating to a “hold” rating and set a $4.00 price objective on the stock. in a research note on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.34.
In other news, Director Itzhak Fisher acquired 100,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were purchased at an average cost of $3.47 per share, with a total value of $347,000.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 6.50% 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.
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