Sito Mobile Ltd (NASDAQ:SITO) has earned a consensus rating of “Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $9.25.
SITO has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Sito Mobile from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 25th. Lake Street Capital dropped their target price on shares of Sito Mobile from $4.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, August 21st. Finally, ValuEngine upgraded shares of Sito Mobile from a “sell” rating to a “hold” rating in a research report on Saturday, August 18th.
NASDAQ SITO opened at $1.23 on Friday. The stock has a market capitalization of $33.58 million, a price-to-earnings ratio of -2.46 and a beta of -1.17. Sito Mobile has a 12-month low of $1.20 and a 12-month high of $8.36.
Sito Mobile (NASDAQ:SITO) last posted its quarterly earnings data on Monday, August 20th. The Wireless communications provider reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.10). The business had revenue of $8.43 million during the quarter. Sito Mobile had a negative net margin of 45.33% and a negative return on equity of 110.90%. On average, equities research analysts expect that Sito Mobile will post -0.44 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Sito Mobile stock. Laurel Wealth Advisors Inc. bought a new stake in Sito Mobile Ltd (NASDAQ:SITO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 706,624 shares of the Wireless communications provider’s stock, valued at approximately $1,830,000. Laurel Wealth Advisors Inc. owned approximately 2.81% of Sito Mobile at the end of the most recent quarter. Institutional investors own 16.35% of the company’s stock.
About Sito Mobile
SITO Mobile, Ltd. provides advertisement delivery, measurement and attribution, and consumer insights using its proprietary location-based marketing intelligence platform in the United States and Canada. It offers Ad Placement, which delivers advertisements on behalf of its customers to audiences of existing and prospective consumers in a privacy compliant manner; and advertisements across television, desktop, social media, and digital out of home platforms.
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