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.

A number of research analysts have commented on SITO shares. Ladenburg Thalmann Financial Services cut shares of Sito Mobile from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a research note on Friday, November 17th. Zacks Investment Research cut shares of Sito Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Cowen restated an “outperform” rating on shares of Sito Mobile in a research note on Wednesday, November 15th. Lake Street Capital started coverage on shares of Sito Mobile in a research note on Wednesday, October 25th. They set a “buy” rating and a $10.00 price target for the company. Finally, Craig Hallum upgraded shares of Sito Mobile from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $9.00.

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.

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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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