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.

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

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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