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A statement released earlier today by Maxim Group about SITO Mobile (NASDAQ:SITO) bumps the target price to $10.00

Yesterday SITO Mobile (NASDAQ:SITO) traded 3.04% higher at $7.65. The company’s 50-day moving average is $6.02 and its 200-day moving average is $4.50. The last closing price is up 58.07% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 11,801 shares of the stock were exchanged, down from an average trading volume of 288,486

Maxim Group raised the target price of SITO Mobile (NASDAQ:SITO) to $10.00 reporting a possible upside of 0.31%.

Previously on 10/25/2017, Lake Street reported on SITO Mobile (NASDAQ:SITO) raised the target price from $0.00 to $10.00. At the time, this indicated a possible upside of 0.45%.

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SITO Mobile has a one year low of $1.71 and a one year high of $7.50 SITO Mobile’s market capitalization is currently $0.

In addition to Maxim Group reporting its target price, a total of 4 equity analysts have released a ratings update on SITO. The one year target is $6.94 with 1 broker rating the stock a strong buy, 2 brokers rating the company a buy, zero analysts rating the company a hold, zero brokerages rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About SITO Mobile (NASDAQ:SITO)

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. Geo-fencing targets customers within a certain radius of location and uses technology to push coupons, advertisements and promotions to mobile applications. Verified Walk-in tracks foot-traffic to locations and which advertisements drive action. Behavioral Targeting tracks past behaviors over 30 to 90 day increments allowing for real-time campaign management. Analytics and Optimization is a culling and building measurement system. SITO Mobile Messaging is a platform for building and controlling programs, including messaging and customer incentive programs.

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