National Securities started coverage on shares of Shotspotter (NASDAQ:SSTI) in a report issued on Monday morning, MarketBeat reports. The brokerage issued a buy rating and a $38.09 price target on the stock.
A number of other analysts have also weighed in on SSTI. BidaskClub raised shares of Shotspotter from a sell rating to a hold rating in a research note on Saturday, December 1st. JMP Securities reduced their price target on shares of Shotspotter from $62.00 to $55.00 and set a buy rating for the company in a research note on Wednesday, November 14th. Imperial Capital raised shares of Shotspotter from an in-line rating to an outperform rating and reduced their price target for the stock from $54.00 to $49.00 in a research note on Monday, November 19th. Finally, Lake Street Capital set a $55.00 price target on shares of Shotspotter and gave the stock a buy rating in a research note on Thursday, November 15th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $45.39.
Shares of NASDAQ:SSTI opened at $35.29 on Monday. The company has a market capitalization of $412.20 million, a PE ratio of -61.91 and a beta of 2.04. Shotspotter has a twelve month low of $13.32 and a twelve month high of $66.14.
Shotspotter (NASDAQ:SSTI) last issued its quarterly earnings results on Tuesday, November 13th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). The company had revenue of $9.21 million during the quarter, compared to analyst estimates of $8.99 million. Shotspotter had a negative return on equity of 37.42% and a negative net margin of 17.52%. The company’s revenue was up 34.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) earnings per share. Research analysts anticipate that Shotspotter will post -0.23 earnings per share for the current year.
In related news, Director Thomas T. Groos sold 112,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $32.41, for a total value of $3,629,920.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Joseph O. Hawkins sold 1,911 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $29.31, for a total transaction of $56,011.41. The disclosure for this sale can be found here. Insiders sold a total of 140,911 shares of company stock worth $5,288,111 over the last quarter. Insiders own 36.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC bought a new stake in shares of Shotspotter in the 2nd quarter worth approximately $137,000. Reynders McVeigh Capital Management LLC bought a new stake in shares of Shotspotter in the 3rd quarter worth approximately $213,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Shotspotter in the 3rd quarter worth approximately $215,000. LPL Financial LLC bought a new stake in shares of Shotspotter in the 3rd quarter worth approximately $219,000. Finally, Hilltop Holdings Inc. bought a new stake in shares of Shotspotter in the 2nd quarter worth approximately $235,000. Institutional investors and hedge funds own 55.34% of the company’s stock.
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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