Shares of SITO Mobile, Ltd. (NASDAQ:SITO) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $5.27.

Several research firms have commented on SITO. ValuEngine raised SITO Mobile from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Zacks Investment Research raised SITO Mobile from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Maxim Group set a $4.00 target price on SITO Mobile and gave the company a “buy” rating in a research note on Tuesday, August 15th. Craig Hallum downgraded SITO Mobile from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $7.80 target price on shares of SITO Mobile in a research note on Wednesday, August 16th.

In related news, Director Chester Petrow bought 68,800 shares of the stock in a transaction on Thursday, August 24th. The shares were bought at an average cost of $3.98 per share, for a total transaction of $273,824.00. Following the purchase, the director now owns 286,968 shares of the company’s stock, valued at approximately $1,142,132.64. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 6.50% of the company’s stock.

A hedge fund recently raised its stake in SITO Mobile stock. Regentatlantic Capital LLC lifted its holdings in SITO Mobile, Ltd. (NASDAQ:SITO) by 9.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,079 shares of the Wireless communications provider’s stock after buying an additional 7,673 shares during the quarter. Regentatlantic Capital LLC owned 0.43% of SITO Mobile worth $327,000 as of its most recent SEC filing. Institutional investors own 13.83% of the company’s stock.

SITO Mobile (NASDAQ:SITO) traded up 8.61% during midday trading on Friday, reaching $5.80. The company’s stock had a trading volume of 320,011 shares. SITO Mobile has a 12-month low of $1.71 and a 12-month high of $6.48. The stock’s market cap is $127.05 million. The stock’s 50 day moving average is $4.33 and its 200 day moving average is $3.70.

SITO Mobile (NASDAQ:SITO) last released its quarterly earnings results on Thursday, August 17th. The Wireless communications provider reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). The firm had revenue of $10.80 million for the quarter, compared to analyst estimates of $10.75 million. SITO Mobile had a negative return on equity of 24.74% and a negative net margin of 20.97%. Analysts anticipate that SITO Mobile will post ($0.37) earnings per share for the current year.

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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.

Analyst Recommendations for SITO Mobile (NASDAQ:SITO)

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