Sito Mobile (SITO) Sets New 1-Year High and Low at $2.68

Shares of Sito Mobile Ltd (NASDAQ:SITO) hit a new 52-week high and low on Tuesday . The stock traded as low as $2.68 and last traded at $3.26, with a volume of 38173 shares traded. The stock had previously closed at $3.40.

A number of brokerages have recently commented on SITO. ValuEngine raised Sito Mobile from a “sell” rating to a “hold” rating in a research note on Friday, May 18th. Zacks Investment Research raised Sito Mobile from a “sell” rating to a “buy” rating and set a $4.50 price target for the company in a research note on Wednesday, March 28th. Finally, Maxim Group set a $8.00 price target on Sito Mobile and gave the company a “buy” rating in a research note on Thursday, March 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $8.75.

The company has a market cap of $93.95 million, a P/E ratio of -6.34 and a beta of -1.08.



Sito Mobile (NASDAQ:SITO) last announced its quarterly earnings results on Monday, May 14th. The Wireless communications provider reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13). Sito Mobile had a negative net margin of 38.36% and a negative return on equity of 90.57%. The company had revenue of $11.15 million during the quarter, compared to the consensus estimate of $9.25 million. sell-side analysts anticipate that Sito Mobile Ltd will post -0.22 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC acquired a new position in shares of Sito Mobile in the 1st quarter valued at approximately $106,000. Jane Street Group LLC acquired a new position in shares of Sito Mobile in the 4th quarter valued at approximately $113,000. Wells Fargo & Company MN grew its position in shares of Sito Mobile by 570.3% in the 4th quarter. Wells Fargo & Company MN now owns 17,628 shares of the Wireless communications provider’s stock valued at $119,000 after purchasing an additional 14,998 shares during the period. Virtu Financial LLC acquired a new position in shares of Sito Mobile in the 4th quarter valued at approximately $120,000. Finally, Monashee Investment Management LLC acquired a new position in shares of Sito Mobile in the 4th quarter valued at approximately $126,000. Institutional investors and hedge funds own 14.02% of the company’s stock.

Sito Mobile Company Profile

SITO Mobile, Ltd. operates a mobile location-based advertising platform in the United States and Canada. Its mobile location-based advertising platform allows to transform digital marketing by delivering targeted mobile advertising campaigns based on geo-location, in-store traffic, and customer response for brands, agencies, and retailers.

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