ValuEngine lowered shares of Sito Mobile (NASDAQ:SITO) from a hold rating to a sell rating in a research note published on Tuesday morning.
A number of other research analysts have also issued reports on SITO. Zacks Investment Research lowered Sito Mobile from a hold rating to a sell rating in a research report on Tuesday, November 21st. Ladenburg Thalmann Financial Services upgraded Sito Mobile from a neutral rating to a buy rating and set a $10.00 price target for the company in a research report on Thursday, December 14th. Finally, Maxim Group reiterated a buy rating and set a $10.00 price target on shares of Sito Mobile in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $9.00.
Sito Mobile (NASDAQ:SITO) opened at $4.33 on Tuesday. Sito Mobile has a 12-month low of $2.06 and a 12-month high of $8.60. The stock has a market capitalization of $112.99, a P/E ratio of -8.49 and a beta of -1.36.
In other Sito Mobile news, CEO Thomas Pallack purchased 5,625 shares of Sito Mobile stock in a transaction on Friday, December 29th. The stock was bought at an average price of $6.60 per share, for a total transaction of $37,125.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.46% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. National Asset Management Inc. lifted its holdings in shares of Sito Mobile by 3.7% in the fourth quarter. National Asset Management Inc. now owns 707,000 shares of the Wireless communications provider’s stock valued at $4,752,000 after buying an additional 25,000 shares during the period. Jane Street Group LLC acquired a new stake in shares of Sito Mobile in the fourth quarter valued at $113,000. Millennium Management LLC acquired a new stake in shares of Sito Mobile in the fourth quarter valued at $818,000. EAM Investors LLC acquired a new stake in shares of Sito Mobile in the fourth quarter valued at $2,219,000. Finally, Monashee Investment Management LLC acquired a new stake in shares of Sito Mobile in the fourth quarter valued at $126,000. Institutional investors and hedge funds own 13.41% of the company’s stock.
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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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