Zacks Investment Research upgraded shares of ShotSpotter (NASDAQ:SSTI) from a hold rating to a buy rating in a report issued on Wednesday morning. The firm currently has $32.00 price objective on the stock.
According to Zacks, “ShotSpotter, Inc. is involved in designing and delivering gunfire alert and analysis solutions. The Company’s product consists of ShotSpotter Flex, ShotSpotter SiteSecure and SecureCampus. It operates primarily in United States, Puerto Rico, the U.S. Virgin Islands and South Africa. ShotSpotter, Inc. is headquartered in California, USA. “
Other equities analysts have also issued research reports about the company. Roth Capital upped their price objective on ShotSpotter from $35.00 to $42.00 and gave the stock a buy rating in a research note on Wednesday, May 9th. BidaskClub lowered ShotSpotter from a strong-buy rating to a buy rating in a research note on Thursday, April 26th. Dougherty & Co initiated coverage on ShotSpotter in a research note on Tuesday, April 24th. They issued a buy rating and a $40.00 price objective for the company. Imperial Capital upped their price objective on ShotSpotter from $24.00 to $35.00 and gave the stock an outperform rating in a research note on Thursday, May 10th. Finally, Northland Securities upped their price objective on ShotSpotter from $20.00 to $30.00 and gave the stock an outperform rating in a research note on Wednesday, February 21st. Six equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus target price of $35.80.
Shares of SSTI opened at $28.06 on Wednesday. ShotSpotter has a 52 week low of $9.33 and a 52 week high of $33.19.
ShotSpotter (NASDAQ:SSTI) last issued its quarterly earnings results on Tuesday, May 8th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. The business had revenue of $6.91 million during the quarter, compared to analysts’ expectations of $6.59 million. ShotSpotter had a negative return on equity of 38.76% and a negative net margin of 36.91%. The business’s quarterly revenue was up 51.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.93) earnings per share. research analysts anticipate that ShotSpotter will post -0.23 EPS for the current fiscal year.
In related news, VP Joseph O. Hawkins sold 1,911 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $22.04, for a total transaction of $42,118.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pascal Levensohn sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $18.56, for a total value of $278,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,064 shares of company stock valued at $787,519. Corporate insiders own 36.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. UBS Group AG boosted its stake in ShotSpotter by 65.7% during the first quarter. UBS Group AG now owns 18,222 shares of the company’s stock valued at $483,000 after buying an additional 7,222 shares during the last quarter. Northern Trust Corp bought a new position in ShotSpotter during the first quarter valued at approximately $204,000. Tower Research Capital LLC TRC boosted its stake in ShotSpotter by 3,457.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,968 shares of the company’s stock valued at $112,000 after buying an additional 7,744 shares during the last quarter. Barclays PLC bought a new position in ShotSpotter during the first quarter valued at approximately $209,000. Finally, Brighton Jones LLC bought a new position in ShotSpotter during the first quarter valued at approximately $231,000. 43.59% of the stock is owned by institutional investors.
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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