Aegis Capital Initiates Coverage on Sito Mobile Ltd to Buy

Aegis Capital Initiates Coverage on Sito Mobile Ltd(NASDAQ:SITO). The shares have been rated Buy. The rating by Aegis Capital was issued on Sep 12, 2016.

Sito Mobile Ltd(SITO) last announced its earnings results on Aug 15, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $9.88M. Analysts had an estimated revenue of $7.50M. Earnings per share were $0.04. Analysts had estimated an EPS of $-0.04.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, Nicole Braun (10% owner) sold 152,872 shares at $2.81 per share price.Also, On Sep 1, 2015, Betsy J Bernard (director) purchased 8,000 shares at $3.88 per share price.On Aug 27, 2015, Joseph Beatty (director) purchased 19,965 shares at $3.56 per share price, according to the Form-4 filing with the securities and exchange commission.

SITO Mobile Ltd. is a technology-based mobile solutions provider serving businesses advertisers and brands. The Company offerings include SITO location-based advertising and SITO mobile messaging. It offers FollowMe which is a location-based mobile application advertisers targeting service. FollowMe provides a product to deliver location-based mobile advertisements directly to consumers’ smartphones for retailers and advertisers. Its SITO location-based advertising platform delivers display advertisements and videos on behalf of advertisers including geo-fencing; Verified Walk-in; behavioral targeting and analytics and optimization. Its SITO mobile messaging includes a platform for building and controlling tailored programs including messaging and customer incentive programs. SITO mobile messaging platform creates a direct channel to customers; builds customer loyalty; drive consumer interaction to increase sale and offers Everywhere a campaign management platform.

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