Sito Mobile (NASDAQ:SITO) Releases Earnings Results

Sito Mobile (NASDAQ:SITO) posted its quarterly earnings data on Friday, March 29th. The Wireless communications provider reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04, Morningstar.com reports. The company had revenue of $11.12 million during the quarter. Sito Mobile had a negative net margin of 42.94% and a negative return on equity of 108.14%.

Shares of SITO stock opened at $1.75 on Monday. Sito Mobile has a one year low of $0.74 and a one year high of $4.17. The stock has a market cap of $44.68 million, a PE ratio of -2.57 and a beta of 0.74.

Several hedge funds have recently modified their holdings of the company. Jane Street Group LLC lifted its holdings in Sito Mobile by 265.0% in the fourth 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. Private Advisor Group LLC lifted its holdings in Sito Mobile by 183.1% in the third quarter. Private Advisor Group LLC now owns 82,953 shares of the Wireless communications provider’s stock worth $148,000 after acquiring an additional 53,653 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in Sito Mobile by 36.7% in the fourth 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. 13.05% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently commented on the stock. ValuEngine raised shares of Sito Mobile from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Zacks Investment Research raised 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 target 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 issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $6.00.

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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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Earnings History for Sito Mobile (NASDAQ:SITO)

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