Somewhat Favorable Media Coverage Somewhat Unlikely to Impact SITO Mobile (SITO) Share Price
News stories about SITO Mobile (NASDAQ:SITO) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SITO Mobile earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the Wireless communications provider an impact score of 45.8159924414857 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- SITO Mobile, Ltd. (NASDAQ:SITO) Scheduled to Post Earnings on Monday (americanbankingnews.com)
- SITO Mobile, Ltd. (NASDAQ:SITO) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- SITO Mobile, Ltd. (SITO) Downgraded to “Sell” at ValuEngine (americanbankingnews.com)
- SITO Mobile Schedules Conference Call to Discuss Second Quarter 2017 Financial Results (finance.yahoo.com)
- SITO Mobile : Largest Stockholder TAR Holdings LLC Calls on Four Members of Board to Resign (4-traders.com)
SITO Mobile (NASDAQ SITO) traded up 0.95% during mid-day trading on Monday, reaching $4.25. 72,790 shares of the company were exchanged. The company’s market capitalization is $87.89 million. SITO Mobile has a one year low of $1.71 and a one year high of $6.48. The stock has a 50-day moving average price of $4.46 and a 200 day moving average price of $3.19.
A number of equities research analysts have weighed in on SITO shares. Maxim Group reissued a “buy” rating and set a $4.00 target price on shares of SITO Mobile in a report on Monday, May 15th. Ladenburg Thalmann Financial Services boosted their target price on shares of SITO Mobile from $7.20 to $7.80 and gave the stock a “buy” rating in a report on Thursday, May 4th. Zacks Investment Research raised shares of SITO Mobile from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 14th. ValuEngine raised shares of SITO Mobile from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. Finally, Craig Hallum lowered 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 equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. SITO Mobile has an average rating of “Hold” and a consensus target price of $5.34.
In other SITO Mobile news, Director Itzhak Fisher acquired 100,000 shares of the business’s stock in a transaction dated 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.50% of the stock is currently owned by company insiders.
About SITO Mobile
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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