Shotspotter (SSTI) Earning Somewhat Favorable Media Coverage, Analysis Shows

Media headlines about Shotspotter (NASDAQ:SSTI) have trended somewhat positive this week, Accern reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Shotspotter earned a news impact score of 0.15 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.2090490540443 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of Shotspotter traded up $0.28, hitting $38.90, during midday trading on Wednesday, according to Marketbeat.com. The stock had a trading volume of 1,762 shares, compared to its average volume of 213,639. Shotspotter has a fifty-two week low of $9.33 and a fifty-two week high of $41.67. The stock has a market cap of $404.08 million and a price-to-earnings ratio of -68.25.

Shotspotter (NASDAQ:SSTI) last posted its quarterly earnings results on Tuesday, May 8th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate 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 net margin of 36.91% and a negative return on equity of 38.76%. The firm’s quarterly revenue was up 51.5% compared to the same quarter last year. During the same period last year, the company posted ($0.93) earnings per share. sell-side analysts forecast that Shotspotter will post -0.23 EPS for the current year.

Several research analysts have commented on SSTI shares. BidaskClub upgraded shares of Shotspotter from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 19th. Imperial Capital reiterated a “buy” rating on shares of Shotspotter in a report on Friday, June 8th. JMP Securities started coverage on shares of Shotspotter in a report on Thursday, June 7th. They issued an “outperform” rating and a $40.00 target price for the company. Lake Street Capital started coverage on shares of Shotspotter in a report on Tuesday, May 29th. They issued a “buy” rating and a $36.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Shotspotter from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Wednesday, May 16th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $36.43.

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.

Insider Buying and Selling by Quarter for Shotspotter (NASDAQ:SSTI)

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