News coverage about SITO Mobile (NASDAQ:SITO) has been trending positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SITO Mobile earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media stories about the Wireless communications provider an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Regulus Therapeutics Inc Q4 2016 Institutional Investor Sentiment Worse Than Expected (campdesrecrues.com)
- ETFs with exposure to SITO Mobile Ltd. : June 16, 2017 (finance.yahoo.com)
- Insider Buying: SITO Mobile, Ltd. (SITO) Director Purchases 100,000 Shares of Stock (americanbankingnews.com)
- SITO Mobile Ltd. :SITO-US: Earnings Analysis: Q1, 2017 By the Numbers : June 15, 2017 (finance.yahoo.com)
- Schlumberger NV (SLB) Director Peter LS Currie Purchases 3625 Shares (latribunadecanarias.com)
Several brokerages recently issued reports on SITO. Maxim Group reissued a “buy” rating and set a $4.00 target price on shares of SITO Mobile in a research note on Monday, May 15th. Ladenburg Thalmann Financial Services increased their target price 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. Craig Hallum lowered 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 note on Thursday, May 25th. Zacks Investment Research raised shares of SITO Mobile from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, Taglich Brothers lowered shares of SITO Mobile from a “speculative buy” rating to a “neutral” rating in a research note on Wednesday, April 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. SITO Mobile has an average rating of “Hold” and a consensus price target of $5.34.
SITO Mobile (NASDAQ:SITO) traded up 4.40% on Wednesday, hitting $3.56. 31,470 shares of the company’s stock were exchanged. The stock’s market cap is $73.62 million. SITO Mobile has a 52-week low of $1.71 and a 52-week high of $6.08. The firm has a 50 day moving average price of $3.72 and a 200-day moving average price of $2.84.
In other SITO Mobile news, Director Itzhak Fisher bought 100,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were purchased at an average price of $3.47 per share, for a total transaction of $347,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.50% of the company’s stock.
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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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