Sito Mobile (NASDAQ:SITO) issued its quarterly earnings data on Wednesday. The Wireless communications provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.08), Fidelity Earnings reports. Sito Mobile had a negative return on equity of 108.14% and a negative net margin of 42.94%.
Sito Mobile stock opened at $1.91 on Thursday. Sito Mobile has a 1-year low of $0.74 and a 1-year high of $4.17. The company has a market capitalization of $48.00 million, a PE ratio of -2.81 and a beta of 0.71.
Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp lifted its holdings in shares of Sito Mobile by 25.0% in the 1st quarter. Northern Trust Corp now owns 34,775 shares of the Wireless communications provider’s stock worth $63,000 after acquiring an additional 6,956 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Sito Mobile by 265.0% in the 4th quarter. Jane Street Group LLC now owns 73,673 shares of the Wireless communications provider’s stock worth $66,000 after acquiring an additional 53,488 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Sito Mobile by 12.4% in the 1st quarter. BlackRock Inc. now owns 78,854 shares of the Wireless communications provider’s stock worth $144,000 after acquiring an additional 8,707 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in shares of Sito Mobile by 36.7% in the 4th quarter. Wedbush Securities Inc. now owns 182,805 shares of the Wireless communications provider’s stock worth $165,000 after acquiring an additional 49,035 shares during the last quarter. 12.46% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have weighed in on SITO shares. ValuEngine upgraded shares of Sito Mobile from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Zacks Investment Research upgraded shares of Sito Mobile from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. Finally, Craig Hallum set a $3.00 price objective on shares of Sito Mobile and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $6.00.
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Sito Mobile Company Profile
SITO Mobile, Ltd. provides advertisement delivery, measurement and attribution, and consumer insights using its proprietary location-based marketing intelligence platform in the United States and Canada. It offers Ad Placement, which delivers advertisements on behalf of its customers to audiences of existing and prospective consumers in a privacy compliant manner; and advertisements across television, desktop, social media, and digital out of home platforms.
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