Sito Mobile Ltd (SITO) CEO Thomas Pallack Buys 31,000 Shares
Sito Mobile Ltd (NASDAQ:SITO) CEO Thomas Pallack purchased 31,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were acquired at an average price of $6.83 per share, with a total value of $211,730.00. The purchase was disclosed in a filing with the SEC, which is available at this link.
Sito Mobile Ltd (NASDAQ SITO) traded down $0.10 during midday trading on Friday, hitting $6.74. 86,722 shares of the stock traded hands, compared to its average volume of 219,529. Sito Mobile Ltd has a 12 month low of $1.71 and a 12 month high of $8.60.
Sito Mobile (NASDAQ:SITO) last posted its quarterly earnings data on Tuesday, November 14th. The Wireless communications provider reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.06). The firm had revenue of $11.10 million for the quarter, compared to analyst estimates of $11.34 million. Sito Mobile had a negative return on equity of 47.82% and a negative net margin of 29.34%. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year. equities research analysts forecast that Sito Mobile Ltd will post -0.44 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. National Asset Management Inc. boosted its position in shares of Sito Mobile by 36.4% during the third quarter. National Asset Management Inc. now owns 682,000 shares of the Wireless communications provider’s stock worth $4,870,000 after purchasing an additional 182,000 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Sito Mobile during the third quarter worth $204,000. Finally, Cannell Peter B & Co. Inc. boosted its position in shares of Sito Mobile by 10.7% during the third quarter. Cannell Peter B & Co. Inc. now owns 882,995 shares of the Wireless communications provider’s stock worth $6,305,000 after purchasing an additional 85,300 shares in the last quarter. 12.50% of the stock is owned by institutional investors.
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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