SITO Mobile, Ltd. (NASDAQ:SITO) is set to announce its earnings results on Monday, August 14th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.
Shares of SITO Mobile, Ltd. (NASDAQ:SITO) opened at 4.35 on Friday. SITO Mobile, Ltd. has a 52 week low of $1.71 and a 52 week high of $6.48. The company has a 50-day moving average of $4.66 and a 200-day moving average of $3.28. The stock’s market capitalization is $89.96 million.
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Several brokerages have recently issued reports on SITO. ValuEngine cut SITO Mobile from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research cut SITO Mobile from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Craig Hallum cut SITO Mobile from a “buy” rating to a “hold” rating and set a $4.00 price objective on the stock. in a report on Thursday, May 25th. Maxim Group reaffirmed a “buy” rating and set a $4.00 price objective on shares of SITO Mobile in a report on Monday, May 15th. Finally, Ladenburg Thalmann Financial Services upped their price objective on SITO Mobile from $7.20 to $7.80 and gave the stock a “buy” rating in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. SITO Mobile presently has a consensus rating of “Hold” and a consensus target price of $5.34.
In other news, Director Itzhak Fisher acquired 100,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were acquired at an average cost of $3.47 per share, with a total value of $347,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.50% of the stock is owned by corporate insiders.
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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