SITO Mobile, Ltd. (SITO) Given Buy Rating at Ladenburg Thalmann Financial Services
SITO Mobile, Ltd. (NASDAQ:SITO)‘s stock had its “buy” rating restated by equities researchers at Ladenburg Thalmann Financial Services in a research report issued to clients and investors on Wednesday. They presently have a $7.80 price objective on the Wireless communications provider’s stock. Ladenburg Thalmann Financial Services’ price target would indicate a potential upside of 89.32% from the company’s previous close.
A number of other equities analysts also recently commented on SITO. Maxim Group set a $4.00 price objective on shares of SITO Mobile and gave the stock a “buy” rating in a report on Tuesday. ValuEngine downgraded shares of SITO Mobile from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of SITO Mobile from a “hold” rating to a “strong sell” rating in a report on Saturday, April 29th. Finally, Craig Hallum downgraded shares of SITO Mobile from a “buy” rating to a “hold” rating and set a $4.00 price objective for the company. in a report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.34.
SITO Mobile (NASDAQ:SITO) opened at 4.10 on Wednesday. The firm’s 50-day moving average is $4.69 and its 200-day moving average is $3.32. The stock’s market cap is $84.79 million. SITO Mobile has a 12 month low of $1.71 and a 12 month high of $6.48.
SITO Mobile (NASDAQ:SITO) last released its quarterly earnings data on Monday, August 14th. The Wireless communications provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $10.80 million during the quarter, compared to analyst estimates of $10.75 million. SITO Mobile had a negative return on equity of 22.75% and a negative net margin of 20.97%. On average, equities analysts forecast that SITO Mobile will post ($0.11) earnings per share for the current fiscal year.
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In related news, Director Itzhak Fisher bought 100,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were bought at an average cost of $3.47 per share, for a total transaction of $347,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.50% of the company’s stock.
A number of large investors have recently bought and sold shares of SITO. Perkins Capital Management Inc. bought a new stake in SITO Mobile during the third quarter worth about $198,000. Baird Financial Group Inc. boosted its stake in SITO Mobile by 5.1% in the fourth quarter. Baird Financial Group Inc. now owns 68,300 shares of the Wireless communications provider’s stock worth $252,000 after buying an additional 3,301 shares during the last quarter. Regentatlantic Capital LLC boosted its stake in SITO Mobile by 9.5% in the second quarter. Regentatlantic Capital LLC now owns 88,079 shares of the Wireless communications provider’s stock worth $327,000 after buying an additional 7,673 shares during the last quarter. National Asset Management Inc. bought a new stake in SITO Mobile during the first quarter worth about $347,000. Finally, Symmetry Peak Management LLC bought a new stake in SITO Mobile during the third quarter worth about $451,000. Institutional investors own 13.39% of the company’s stock.
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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