Brokerages predict that Sito Mobile Ltd (NASDAQ:SITO) will report earnings per share (EPS) of ($0.03) for the current quarter, according to Zacks. Two analysts have issued estimates for Sito Mobile’s earnings. The lowest EPS estimate is ($0.04) and the highest is ($0.03). Sito Mobile posted earnings per share of ($0.07) in the same quarter last year, which suggests a positive year-over-year growth rate of 57.1%. The company is scheduled to announce its next quarterly earnings report on Tuesday, March 27th.
According to Zacks, analysts expect that Sito Mobile will report full-year earnings of ($0.53) per share for the current fiscal year, with EPS estimates ranging from ($0.59) to ($0.47). For the next year, analysts expect that the company will post earnings of ($0.20) per share, with EPS estimates ranging from ($0.39) to ($0.10). Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Sito Mobile.
Several brokerages have recently commented on SITO. 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 report on Friday, November 17th. Zacks Investment Research cut shares of Sito Mobile from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Craig Hallum upgraded shares of Sito Mobile from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Monday, October 30th. Cowen restated an “outperform” rating on shares of Sito Mobile in a report on Wednesday, November 15th. Finally, boosted their price objective on shares of Sito Mobile from $8.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Sito Mobile has an average rating of “Buy” and a consensus target price of $9.00.
Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in Sito Mobile in the fourth quarter valued at approximately $113,000. Wells Fargo & Company MN lifted its stake in Sito Mobile by 570.3% in the fourth quarter. Wells Fargo & Company MN now owns 17,628 shares of the Wireless communications provider’s stock valued at $119,000 after buying an additional 14,998 shares in the last quarter. Virtu Financial LLC bought a new position in Sito Mobile in the fourth quarter valued at approximately $120,000. Monashee Investment Management LLC bought a new position in Sito Mobile in the fourth quarter valued at approximately $126,000. Finally, Private Advisor Group LLC bought a new position in Sito Mobile in the third quarter valued at approximately $204,000. 12.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sito Mobile (SITO) traded up $0.60 during trading hours on Thursday, hitting $5.25. 646,349 shares of the stock traded hands, compared to its average volume of 227,170. Sito Mobile has a 12 month low of $1.71 and a 12 month high of $8.60. The firm has a market cap of $115.64, a PE ratio of -8.90 and a beta of -1.60.
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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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