Shares of Shotspotter Inc (NASDAQ:SSTI) have received a consensus rating of “Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $41.14.
A number of brokerages have weighed in on SSTI. BidaskClub downgraded Shotspotter from a “strong-buy” rating to a “buy” rating in a report on Thursday. Imperial Capital set a $50.00 target price on Shotspotter and gave the stock a “buy” rating in a report on Monday, August 6th. Finally, Roth Capital lifted their target price on Shotspotter to $60.00 and gave the stock a “buy” rating in a report on Friday, August 3rd.
Shares of SSTI stock opened at $60.64 on Friday. The company has a market capitalization of $644.40 million, a price-to-earnings ratio of -106.39 and a beta of -1.07. Shotspotter has a fifty-two week low of $11.36 and a fifty-two week high of $66.14.
Shotspotter (NASDAQ:SSTI) last issued its earnings results on Thursday, August 2nd. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.04. The business had revenue of $8.93 million during the quarter, compared to the consensus estimate of $8.01 million. Shotspotter had a negative return on equity of 36.43% and a negative net margin of 19.52%. The firm’s revenue for the quarter was up 52.9% on a year-over-year basis. During the same period in the previous year, the company posted ($1.16) earnings per share. equities analysts anticipate that Shotspotter will post -0.17 EPS for the current year.
In other news, major shareholder Gary M. Lauder sold 21,448 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $42.78, for a total transaction of $917,545.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Gary M. Lauder sold 31,946 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $46.13, for a total value of $1,473,668.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,775 shares of company stock valued at $4,688,252. Corporate insiders own 36.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Shotspotter by 68.5% during the second quarter. FMR LLC now owns 479,371 shares of the company’s stock valued at $18,183,000 after acquiring an additional 194,844 shares in the last quarter. Federated Investors Inc. PA increased its holdings in shares of Shotspotter by 22.9% during the first quarter. Federated Investors Inc. PA now owns 370,600 shares of the company’s stock valued at $9,821,000 after acquiring an additional 69,100 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Shotspotter by 3,517.6% during the second quarter. BlackRock Inc. now owns 356,262 shares of the company’s stock valued at $13,513,000 after acquiring an additional 346,414 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Shotspotter by 5.3% during the first quarter. Russell Investments Group Ltd. now owns 260,837 shares of the company’s stock valued at $6,913,000 after acquiring an additional 13,032 shares in the last quarter. Finally, Granahan Investment Management Inc. MA bought a new stake in shares of Shotspotter during the second quarter valued at approximately $7,490,000. Hedge funds and other institutional investors own 55.65% of the company’s stock.
Shotspotter Company Profile
ShotSpotter, Inc provides software-as-a-service based gunshot detection solutions for law enforcement officials and security personnel in the United States, South Africa, and internationally. The company's solutions include ShotSpotter Flex, an outdoor public safety solution for cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and SST SecureCampus that helps the law enforcement and security personnel serving universities, colleges, and other educational institutions to mitigate risk and enhance security by notifying authorities and first responders of an active-shooter.
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