SharpSpring (NASDAQ:SHSP) Upgraded at Zacks Investment Research

SharpSpring (NASDAQ:SHSP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, January 10th.

According to Zacks, “SharpSpring, Inc. provide cloud-based marketing and email software solutions consists of marketing automation to scalable transactional email, email marketing and mobile marketing services. The company’s product lines include SharpSpring, SMTP and GraphicMail. SharpSpring, Inc., formerly known as SMTP Inc., is based in Gainesville, United States. “

Separately, ValuEngine upgraded shares of SharpSpring from a “strong sell” rating to a “sell” rating in a report on Friday, October 6th.

SharpSpring (NASDAQ SHSP) traded up $0.08 on Wednesday, reaching $4.78. 53,459 shares of the company’s stock traded hands, compared to its average volume of 29,521. The firm has a market capitalization of $39.22, a price-to-earnings ratio of -5.97 and a beta of -2.95. SharpSpring has a 12 month low of $3.07 and a 12 month high of $5.50.

SharpSpring (NASDAQ:SHSP) last posted its earnings results on Wednesday, November 8th. The technology company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.04). SharpSpring had a negative return on equity of 28.79% and a negative net margin of 53.13%. The firm had revenue of $3.41 million during the quarter, compared to analyst estimates of $3.30 million. equities research analysts expect that SharpSpring will post -0.69 earnings per share for the current year.

In related news, major shareholder Semyon Dukach sold 2,021,929 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $3.90, for a total value of $7,885,523.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 47.22% of the company’s stock.

A hedge fund recently bought a new stake in SharpSpring stock. AWM Investment Company Inc. acquired a new stake in SharpSpring Inc (NASDAQ:SHSP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 530,734 shares of the technology company’s stock, valued at approximately $2,404,000. AWM Investment Company Inc. owned 6.33% of SharpSpring at the end of the most recent reporting period. 22.32% of the stock is owned by institutional investors.

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About SharpSpring

SharpSpring, Inc is a cloud-based marketing technology company. The Company offers SharpSpring, a marketing automation solution for small and medium-sized businesses and is primarily sold to marketing agencies that use the platform on behalf of their clients. The features of SharpSpring includes Web tracking, lead scoring and automated workflow that enables businesses deliver the message to the customer.

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