Sito Mobile (SITO) – Investment Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Sito Mobile (NASDAQ: SITO) in the last few weeks:

  • 11/21/2017 – Sito Mobile was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SITO Mobile Limited is a technology based mobile solutions provider. The Company provides wireless application development, publishing and distribution. It offers mobile location-based advertising and mobile messaging platforms that enable brands, agencies, and retailers to transform digital marketing by delivering targeted mobile advertising campaigns based on geo-location, in-store traffic, and customer response. SITO Mobile Limited, formerly known as Single Touch Systems, Inc., is based in Jersey City, New Jersey. “
  • 11/17/2017 – Sito Mobile was downgraded by analysts at Ladenburg Thalmann Financial Services from a “buy” rating to a “neutral” rating. They now have a $9.00 price target on the stock.
  • 11/15/2017 – Sito Mobile had its price target raised by analysts at from $8.00 to $10.00. They now have a “buy” rating on the stock.
  • 11/15/2017 – Sito Mobile had its “outperform” rating reaffirmed by analysts at Cowen Inc.
  • 11/15/2017 – Sito Mobile was given a new $10.00 price target on by analysts at Maxim Group. They now have a “buy” rating on the stock.
  • 10/30/2017 – Sito Mobile was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock.
  • 10/25/2017 – Sito Mobile is now covered by analysts at Lake Street Capital. They set a “buy” rating and a $10.00 price target on the stock.
  • 10/24/2017 – Sito Mobile was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “SITO Mobile Limited is a technology based mobile solutions provider. The Company provides wireless application development, publishing and distribution. It offers mobile location-based advertising and mobile messaging platforms that enable brands, agencies, and retailers to transform digital marketing by delivering targeted mobile advertising campaigns based on geo-location, in-store traffic, and customer response. SITO Mobile Limited, formerly known as Single Touch Systems, Inc., is based in Jersey City, New Jersey. “

Sito Mobile Ltd (NASDAQ SITO) opened at $6.51 on Monday. Sito Mobile Ltd has a 12-month low of $1.71 and a 12-month high of $8.60.

Sito Mobile (NASDAQ:SITO) last released its quarterly earnings results on Tuesday, November 14th. The Wireless communications provider reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The firm had revenue of $11.10 million for the quarter, compared to the consensus estimate of $11.34 million. Sito Mobile had a negative return on equity of 47.82% and a negative net margin of 29.34%. The business’s quarterly revenue was up 29.7% compared to the same quarter last year. analysts anticipate that Sito Mobile Ltd will post -0.44 earnings per share for the current year.

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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