Sito Mobile (SITO) Getting Somewhat Favorable Press Coverage, Accern Reports
News headlines about Sito Mobile (NASDAQ:SITO) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sito Mobile earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the Wireless communications provider an impact score of 46.0536990103206 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of research firms have commented on SITO. Maxim Group set a $10.00 target price on shares of Sito Mobile and gave the stock a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research raised shares of Sito Mobile from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 24th. lifted their target price on shares of Sito Mobile from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Craig Hallum raised shares of Sito Mobile from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Monday, October 30th. Finally, Lake Street Capital began coverage on shares of Sito Mobile in a report on Wednesday, October 25th. They set a “buy” rating and a $10.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Sito Mobile presently has a consensus rating of “Buy” and a consensus target price of $9.00.
Shares of Sito Mobile (NASDAQ:SITO) traded down $0.34 during mid-day trading on Friday, hitting $4.65. 401,297 shares of the stock traded hands, compared to its average volume of 246,776. Sito Mobile has a one year low of $1.71 and a one year high of $8.60. The firm has a market cap of $123.38, a price-to-earnings ratio of -9.12 and a beta of -1.60.
In other news, CEO Thomas Pallack purchased 31,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was bought at an average price of $6.83 per share, with a total value of $211,730.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.50% of the stock is owned by insiders.
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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.
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