SITO Mobile (SITO) Earns Daily Coverage Optimism Score of 0.10
Media headlines about SITO Mobile (NASDAQ:SITO) have trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SITO Mobile earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the Wireless communications provider an impact score of 46.6185857395276 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several brokerages have recently commented on SITO. Maxim Group restated a “buy” rating and issued a $4.00 price objective on shares of SITO Mobile in a research report on Friday, May 5th. ValuEngine downgraded SITO Mobile from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Ladenburg Thalmann Financial Services boosted their price objective on SITO Mobile from $7.20 to $7.80 and gave the company a “buy” rating in a research report on Thursday, May 4th. Zacks Investment Research upgraded SITO Mobile from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, Craig Hallum downgraded SITO Mobile from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. SITO Mobile currently has a consensus rating of “Hold” and a consensus price target of $5.34.
SITO Mobile (NASDAQ:SITO) remained flat at $4.35 during midday trading on Friday. The stock had a trading volume of 251,931 shares. The stock’s market capitalization is $95.29 million. SITO Mobile has a 52-week low of $1.71 and a 52-week high of $6.48. The company has a 50-day moving average price of $4.73 and a 200 day moving average price of $3.42.
SITO Mobile (NASDAQ:SITO) last issued its earnings results on Thursday, August 17th. The Wireless communications provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.04. SITO Mobile had a negative return on equity of 24.74% and a negative net margin of 20.97%. The company had revenue of $10.80 million for the quarter, compared to analyst estimates of $10.75 million. On average, analysts forecast that SITO Mobile will post ($0.37) earnings per share for the current year.
In other SITO Mobile news, Director Chester Petrow purchased 68,800 shares of SITO Mobile stock in a transaction on Thursday, August 24th. The shares were bought at an average price of $3.98 per share, with a total value of $273,824.00. Following the completion of the acquisition, the director now directly owns 286,968 shares of the company’s stock, valued at $1,142,132.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Itzhak Fisher purchased 100,000 shares of SITO Mobile 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 disclosure for this purchase can be found here. 6.50% of the stock is owned by corporate insiders.
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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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