Shares of SITO Mobile, Ltd. (NASDAQ:SITO) have earned an average rating of “Hold” from the eight analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $5.26.

Several analysts have commented on SITO shares. Maxim Group reiterated a “buy” rating and issued a $4.00 price target on shares of SITO Mobile in a research note on Monday, May 15th. Ladenburg Thalmann Financial Services boosted their price target on shares of SITO Mobile from $7.20 to $7.80 and gave the stock a “buy” rating in a research note on Thursday, May 4th. Zacks Investment Research upgraded shares of SITO Mobile from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 14th. ValuEngine upgraded shares of SITO Mobile from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. Finally, Craig Hallum cut shares of SITO Mobile from a “buy” rating to a “hold” rating and set a $4.00 target price on the stock. in a research report on Thursday, May 25th.

In other SITO Mobile news, Director Itzhak Fisher bought 100,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were purchased at an average cost of $3.47 per share, for a total transaction of $347,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.50% of the stock is currently owned by corporate insiders.

A hedge fund recently raised its stake in SITO Mobile stock. Regentatlantic Capital LLC raised its stake in shares of SITO Mobile, Ltd. (NASDAQ:SITO) by 9.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 88,079 shares of the Wireless communications provider’s stock after buying an additional 7,673 shares during the period. Regentatlantic Capital LLC owned approximately 0.43% of SITO Mobile worth $327,000 at the end of the most recent quarter. Institutional investors own 13.40% of the company’s stock.

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Shares of SITO Mobile (NASDAQ SITO) traded down 2.55% on Friday, hitting $4.21. The stock had a trading volume of 102,448 shares. The company has a 50 day moving average price of $4.46 and a 200-day moving average price of $3.19. SITO Mobile has a 12 month low of $1.71 and a 12 month high of $6.48. The stock’s market cap is $87.07 million.

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.

Analyst Recommendations for SITO Mobile (NASDAQ:SITO)

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