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SITO

Sito Mobile

$0.63

0.0299 (4.98%)

09:17
08/15/19
08/15
09:17
08/15/19
09:17

Sito Mobile appoints Gregg Saunders as CFO

SITO Mobile announced the appointment of Gregg Saunders as the company's new CFO effective August 14, 2019. Prior to joining SITO Mobile, Saunders was involved in the architecture, development, publishing, support and maintenance of the U.S. GAAP eXtensible Business Reporting Language taxonomies. Saunders replaces Terry Lynn, who resigned from SITO effective August 12, 2019 for personal reasons.

SITO Sito Mobile
$0.63

0.0299 (4.98%)

04/02/19
CHLM
04/02/19
NO CHANGE
CHLM
Sito Mobile may be at 'inflection point,' says Craig-Hallum
Craig-Hallum analyst Mike Malouf reiterated a Buy rating and $3 price target on SITO Mobile, which is on the firm's Alpha Select List. The analyst noted that the company's strategy of pursuing larger, multi-million dollar, multi-year contracts has taken "way longer than investors had anticipated," but, with its recently awarded $10M contract, SITO may be at an "inflection point," and the impact for 2019 and into 2020 could be significant.
05/16/19
LSCM
05/16/19
DOWNGRADE
LSCM
Hold
Sito Mobile downgraded to Hold from Buy at Lake Street
05/16/19
LSCM
05/16/19
DOWNGRADE
Target $1.5
LSCM
Hold
Sito Mobile downgraded to Hold from Buy at Lake Street
Lake Street analyst Mark Argento downgraded Sito Mobile to Hold from Buy and lowered his price target for the shares to $1.50 from $4. Following the company's "big" Q1 miss, the analyst sees uncertainly around Sito Mobile's new product strategy and liquidity concerns in the near term. While the company's geo location data and advertising relationships remain valuable assets, the stock will likely remain in "show-me territory" pending execution by management, Argento tells investors in a research note.
05/16/19
05/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Occidental Petroleum (OXY) downgraded to Hold from Buy at Argus with analyst Bill Selesky citing its confirmed purchase of Anadarko Petroleum (APC) for $76 per share and saying the company is overpaying for the assets with a bid well above that of Chevron's (CVX) $65 per share offer. 2. Nomura (NMR) downgraded to Sell from Neutral at Citi with analyst Koichi Niwa saying he sees a "grim" earnings environment for Nomura's domestic retail division and fixed income business. 3. Sito Mobile (SITO) downgraded to Hold from Buy at Lake Street with analyst Mark Argento citing the company's "big" Q1 miss and said he sees uncertainty around Sito Mobile's new product strategy and liquidity concerns in the near term. 4. The Stars Group (TSG) downgraded to Hold from Buy at Desjardins. 5. Roan Resources (ROAN) downgraded to In-Line from Outperform at Imperial Capital with analyst Irene Haas saying the company's Q1 earnings missed expectations due to well performance, ethane rejection, and weak NGL prices. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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