Sito Mobile Ltd (SITO) Holdings Increased by Wedbush Securities Inc.
Wedbush Securities Inc. raised its holdings in Sito Mobile Ltd (NASDAQ:SITO) by 36.7% during the 4th quarter, HoldingsChannel reports. The fund owned 182,805 shares of the Wireless communications provider’s stock after acquiring an additional 49,035 shares during the quarter. Wedbush Securities Inc.’s holdings in Sito Mobile were worth $165,000 at the end of the most recent reporting period.
Separately, Private Advisor Group LLC grew its holdings in Sito Mobile by 183.1% during the third quarter. Private Advisor Group LLC now owns 82,953 shares of the Wireless communications provider’s stock valued at $148,000 after purchasing an additional 53,653 shares during the period. Hedge funds and other institutional investors own 15.19% of the company’s stock.
NASDAQ SITO traded down $0.02 during midday trading on Monday, hitting $1.92. 3,252 shares of the company traded hands, compared to its average volume of 81,453. The stock has a market capitalization of $48.85 million, a PE ratio of -3.84 and a beta of 0.52. Sito Mobile Ltd has a 52 week low of $0.74 and a 52 week high of $6.05.
A number of equities analysts have recently weighed in on SITO shares. Dawson James reaffirmed a “buy” rating on shares of Sito Mobile in a research note on Friday, December 21st. Zacks Investment Research cut Sito Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, November 22nd. Finally, ValuEngine raised Sito Mobile from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $7.17.
About Sito Mobile
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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