SITO Mobile, Ltd. (NASDAQ:SITO) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other brokerages have also recently weighed in on SITO. Zacks Investment Research cut shares of SITO Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Craig Hallum cut shares of SITO Mobile from a “buy” rating to a “hold” rating and set a $4.00 price objective for the company. in a research note on Thursday, May 25th. Cowen and Company dropped their price objective on shares of SITO Mobile from $4.50 to $4.00 and set an “outperform” rating for the company in a research note on Wednesday, March 29th. Taglich Brothers cut shares of SITO Mobile from a “speculative buy” rating to a “neutral” rating in a research note on Wednesday, April 5th. Finally, Ladenburg Thalmann Financial Services raised their price objective on shares of SITO Mobile from $7.20 to $7.80 and gave the stock a “buy” rating in a research note on Thursday, May 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. SITO Mobile has an average rating of “Hold” and an average price target of $5.34.

SITO Mobile (NASDAQ:SITO) opened at 6.13 on Friday. SITO Mobile has a one year low of $1.71 and a one year high of $6.48. The stock’s 50 day moving average price is $4.11 and its 200 day moving average price is $3.02. The firm’s market capitalization is $126.77 million.

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In other news, Director Itzhak Fisher bought 100,000 shares of the stock in a transaction on Thursday, June 15th. The stock was purchased at an average cost of $3.47 per share, with a total value of $347,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.50% of the stock is currently owned by insiders.

A hedge fund recently bought a new stake in SITO Mobile stock. National Asset Management Inc. bought a new stake in SITO Mobile, Ltd. (NASDAQ:SITO) during the first quarter, according to its most recent filing with the SEC. The fund bought 135,000 shares of the Wireless communications provider’s stock, valued at approximately $347,000. National Asset Management Inc. owned approximately 0.65% of SITO Mobile as of its most recent SEC filing. 14.20% of the stock is owned by institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for SITO Mobile (NASDAQ:SITO)

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