WFA of San Diego LLC acquired a new position in shares of Shotspotter Inc (NASDAQ:SSTI) during the second quarter, HoldingsChannel.com reports. The firm acquired 48,780 shares of the company’s stock, valued at approximately $1,359,000.
A number of other institutional investors also recently made changes to their positions in SSTI. AQR Capital Management LLC acquired a new stake in shares of Shotspotter during the second quarter valued at about $373,000. Goldman Sachs Group Inc. raised its holdings in shares of Shotspotter by 25.6% during the second quarter. Goldman Sachs Group Inc. now owns 16,180 shares of the company’s stock valued at $408,000 after buying an additional 3,294 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Shotspotter by 25.1% during the second quarter. Bank of New York Mellon Corp now owns 35,133 shares of the company’s stock valued at $885,000 after buying an additional 7,053 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Shotspotter by 1.2% during the second quarter. Blair William & Co. IL now owns 71,844 shares of the company’s stock valued at $1,810,000 after buying an additional 825 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Shotspotter by 42.6% during the second quarter. California Public Employees Retirement System now owns 17,831 shares of the company’s stock valued at $449,000 after buying an additional 5,331 shares during the last quarter. Hedge funds and other institutional investors own 63.39% of the company’s stock.
Shotspotter stock traded down $0.04 during trading hours on Wednesday, hitting $30.16. 1,319 shares of the stock were exchanged, compared to its average volume of 116,618. The stock has a market capitalization of $344.94 million, a P/E ratio of 138.69, a P/E/G ratio of 10.36 and a beta of 1.59. Shotspotter Inc has a 12 month low of $18.44 and a 12 month high of $41.00. The business’s 50-day moving average is $28.57 and its two-hundred day moving average is $27.55.
Shotspotter (NASDAQ:SSTI) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. Shotspotter had a net margin of 6.22% and a return on equity of 9.45%. As a group, sell-side analysts expect that Shotspotter Inc will post 0.14 EPS for the current year.
Several brokerages recently commented on SSTI. Zacks Investment Research raised Shotspotter from a “sell” rating to a “hold” rating in a report on Wednesday, August 12th. BidaskClub raised shares of Shotspotter from a “sell” rating to a “hold” rating in a research note on Friday, September 11th. Imperial Capital reduced their price objective on shares of Shotspotter from $41.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, May 26th. ValuEngine lowered shares of Shotspotter from a “buy” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, B. Riley initiated coverage on shares of Shotspotter in a research report on Friday, July 17th. They set a “buy” rating and a $30.00 target price for the company. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $34.22.
ShotSpotter, Inc provides precision-policing and security solutions for law enforcement and security personnel in the United States and South Africa. Its solutions include ShotSpotter Flex, a public safety solution, which serves cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and ShotSpotter Missions, a cloud-based patrol management solution to help police departments plan patrol missions and tactics for crime deterrence.
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