Sito Mobile Ltd (SITO) CEO Buys $37,125.00 in Stock
Sito Mobile Ltd (NASDAQ:SITO) CEO Thomas Pallack purchased 5,625 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was bought at an average cost of $6.60 per share, with a total value of $37,125.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Thomas Pallack also recently made the following trade(s):
- On Thursday, December 14th, Thomas Pallack purchased 31,000 shares of Sito Mobile stock. The stock was bought at an average cost of $6.83 per share, with a total value of $211,730.00.
Shares of Sito Mobile Ltd (NASDAQ:SITO) traded down $0.06 during midday trading on Friday, hitting $6.90. 46,138 shares of the company’s stock were exchanged, compared to its average volume of 125,075. Sito Mobile Ltd has a fifty-two week low of $1.71 and a fifty-two week high of $8.60. The company has a market capitalization of $151.99, a P/E ratio of -11.69 and a beta of -1.21.
Several hedge funds and other institutional investors have recently made changes to their positions in SITO. National Asset Management Inc. increased its stake in shares of Sito Mobile by 270.4% during the second quarter. National Asset Management Inc. now owns 500,000 shares of the Wireless communications provider’s stock valued at $1,855,000 after purchasing an additional 365,000 shares in the last quarter. Cannell Peter B & Co. Inc. grew its holdings 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 valued at $6,305,000 after buying an additional 85,300 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of Sito Mobile during the third quarter valued at approximately $204,000. 12.48% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on SITO. ValuEngine raised shares of Sito Mobile from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Maxim Group set a $10.00 target price on shares of Sito Mobile and gave the company a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of Sito Mobile from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. raised their target price on shares of Sito Mobile from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, Craig Hallum raised shares of Sito Mobile from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Monday, October 30th. One investment 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. The stock currently has an average rating of “Buy” and a consensus target price of $9.00.
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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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