SITO Mobile Ltd. (NASDAQ:SITO) – Stock analysts at Taglich Brothers upped their Q3 2016 earnings per share (EPS) estimates for SITO Mobile in a research note issued to investors on Monday. Taglich Brothers analyst J. Nobile now anticipates that the brokerage will post earnings per share of $0.04 for the quarter, up from their previous estimate of ($0.03). Taglich Brothers also issued estimates for SITO Mobile’s Q4 2016 earnings at $0.06 EPS, FY2016 earnings at $0.08 EPS, Q1 2017 earnings at $0.06 EPS, Q2 2017 earnings at $0.06 EPS, Q3 2017 earnings at $0.06 EPS, Q4 2017 earnings at $0.07 EPS and FY2017 earnings at $0.25 EPS.
SITO Mobile (NASDAQ:SITO) last released its earnings results on Monday, August 15th. The company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.08. SITO Mobile had a negative return on equity of 48.98% and a negative net margin of 12.28%.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded SITO Mobile from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a report on Wednesday, September 7th. Craig Hallum assumed coverage on SITO Mobile in a report on Wednesday, July 6th. They issued a “buy” rating and a $6.50 price objective for the company. Finally, Aegis assumed coverage on SITO Mobile in a report on Monday, September 12th. They issued a “buy” rating and a $6.50 price objective for the company.
Shares of SITO Mobile (NASDAQ:SITO) opened at 5.17 on Thursday. SITO Mobile has a 1-year low of $1.55 and a 1-year high of $6.08. The company’s market capitalization is $89.84 million. The stock’s 50 day moving average price is $4.83 and its 200-day moving average price is $3.81.
Large investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors boosted its stake in SITO Mobile by 917.7% in the second quarter. BlackRock Fund Advisors now owns 30,420 shares of the company’s stock worth $110,000 after buying an additional 27,431 shares in the last quarter. Baird Financial Group Inc. bought a new stake in SITO Mobile during the second quarter worth approximately $235,000. Finally, Cannell Peter B & Co. Inc. boosted its stake in SITO Mobile by 20.2% in the second quarter. Cannell Peter B & Co. Inc. now owns 541,695 shares of the company’s stock worth $1,961,000 after buying an additional 91,000 shares in the last quarter. 16.05% of the stock is currently owned by hedge funds and other institutional investors.
About SITO Mobile
SITO Mobile Ltd., formerly Single Touch Systems Inc, is a provider of mobile location-based advertising platform serving businesses, advertisers and brands. The Company provides solutions through its platform, which allows marketers to create content targeted to audiences, based on location, interests, behaviors and loyalty.
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