SITO Mobile Ltd. (NASDAQ:SITO) has received a consensus broker rating score of 1.20 (Strong Buy) from the five brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. SITO Mobile’s rating score has improved by 9.8% in the last three months as a result of a number of analysts’ ratings changes.

Brokerages have set a 12 month consensus price objective of $7.50 for the company and are anticipating that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given SITO Mobile an industry rank of 173 out of 265 based on the ratings given to its competitors.

Several analysts have issued reports on the company. Craig Hallum assumed coverage on SITO Mobile in a research report on Wednesday, July 6th. They set a “buy” rating and a $6.50 target price on the stock. Aegis assumed coverage on SITO Mobile in a research report on Monday, September 12th. They set a “buy” rating and a $6.50 target price on the stock. Zacks Investment Research raised SITO Mobile from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a research report on Wednesday, September 7th. Finally, Maxim Group assumed coverage on SITO Mobile in a research report on Monday, June 13th. They set a “buy” rating and a $8.00 target price on the stock.

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Shares of SITO Mobile (NASDAQ:SITO) traded down 0.44% during mid-day trading on Tuesday, hitting $4.51. The company had a trading volume of 44,656 shares. The company has a 50-day moving average price of $4.67 and a 200-day moving average price of $3.53. SITO Mobile has a 1-year low of $1.55 and a 1-year high of $6.08. The company’s market capitalization is $78.37 million.

SITO Mobile (NASDAQ:SITO) last announced its earnings results on Monday, August 15th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.08. SITO Mobile had a negative return on equity of 48.98% and a negative net margin of 12.28%. On average, equities analysts anticipate that SITO Mobile will post $0.03 EPS for the current year.

A number of hedge funds have recently made changes to their positions in SITO. BlackRock Fund Advisors boosted its stake in shares of SITO Mobile by 917.7% in the second quarter. BlackRock Fund Advisors now owns 30,420 shares of the company’s stock valued at $110,000 after buying an additional 27,431 shares during the period. Baird Financial Group Inc. bought a new stake in shares of SITO Mobile during the second quarter valued at about $235,000. Finally, Cannell Peter B & Co. Inc. boosted its stake in shares of SITO Mobile by 20.2% in the second quarter. Cannell Peter B & Co. Inc. now owns 541,695 shares of the company’s stock valued at $1,961,000 after buying an additional 91,000 shares during the period. 18.99% of the stock is currently owned by institutional investors and hedge funds.

SITO Mobile Company Profile

SITO Mobile Ltd., formerly Single Touch Systems Inc, is a provider of mobile location-based advertising platform serving businesses, advertisers and brands. The Company provides solutions through its platform, which allows marketers to create content targeted to audiences, based on location, interests, behaviors and loyalty.

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