Sito Mobile Ltd (NASDAQ:SITO) has received a consensus recommendation of “Buy” from the seven research firms that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $5.76.
Several equities analysts have recently weighed in on the stock. Maxim Group reissued a “buy” rating and issued a $4.00 price target on shares of Sito Mobile in a research note on Friday, May 5th. Zacks Investment Research downgraded shares of Sito Mobile from a “hold” rating to a “sell” rating in a research note on Saturday, February 11th. Ladenburg Thalmann Financial Services decreased their price target on shares of Sito Mobile from $8.00 to $7.20 and set a “buy” rating on the stock in a research note on Wednesday, March 29th. Taglich Brothers downgraded shares of Sito Mobile from a “speculative buy” rating to a “neutral” rating in a research note on Wednesday, April 5th. Finally, Cowen and Company decreased their price target on shares of Sito Mobile from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 29th.
Shares of Sito Mobile (NASDAQ:SITO) opened at 4.21 on Monday. The stock’s market cap is $87.06 million. The firm’s 50 day moving average price is $3.12 and its 200 day moving average price is $2.90. Sito Mobile has a 52-week low of $1.71 and a 52-week high of $6.08.
A number of large investors have recently added to or reduced their stakes in the company. National Asset Management Inc. purchased a new stake in Sito Mobile during the first quarter valued at about $347,000. Vanguard Group Inc. boosted its stake in Sito Mobile by 27.0% in the first quarter. Vanguard Group Inc. now owns 631,444 shares of the Wireless communications provider’s stock valued at $1,623,000 after buying an additional 134,154 shares during the last quarter. Perritt Capital Management Inc. boosted its stake in Sito Mobile by 20.0% in the fourth quarter. Perritt Capital Management Inc. now owns 150,000 shares of the Wireless communications provider’s stock valued at $554,000 after buying an additional 25,000 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Sito Mobile by 5.1% in the fourth quarter. Baird Financial Group Inc. now owns 68,300 shares of the Wireless communications provider’s stock valued at $252,000 after buying an additional 3,301 shares during the last quarter. Finally, Symmetry Peak Management LLC bought a new stake in shares of Sito Mobile during the third quarter worth $451,000. Hedge funds and other institutional investors own 24.83% of the company’s stock.
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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