O Brien Greene & Co. Inc lessened its position in SharpSpring, Inc. (NASDAQ:SHSP) by 28.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,000 shares of the technology company’s stock after selling 9,000 shares during the period. O Brien Greene & Co. Inc owned about 0.18% of SharpSpring worth $368,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of SHSP. Titan Global Capital Management USA LLC acquired a new position in shares of SharpSpring in the fourth quarter valued at approximately $3,118,000. Washington Harbour Partners LP acquired a new position in shares of SharpSpring in the fourth quarter valued at approximately $2,759,000. Royce & Associates LP increased its position in SharpSpring by 121.9% during the fourth quarter. Royce & Associates LP now owns 269,800 shares of the technology company’s stock worth $4,392,000 after purchasing an additional 148,200 shares during the last quarter. Perkins Capital Management Inc. purchased a new position in SharpSpring during the fourth quarter worth approximately $1,715,000. Finally, PenderFund Capital Management Ltd. boosted its holdings in shares of SharpSpring by 53.4% in the 4th quarter. PenderFund Capital Management Ltd. now owns 277,602 shares of the technology company’s stock valued at $5,753,000 after purchasing an additional 96,588 shares during the last quarter. 56.22% of the stock is owned by institutional investors and hedge funds.
SHSP has been the subject of several research reports. Lake Street Capital boosted their price objective on shares of SharpSpring from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, March 17th. Craig Hallum restated a “hold” rating on shares of SharpSpring in a research report on Tuesday, March 23rd. Canaccord Genuity reduced their target price on SharpSpring from $22.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, May 14th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of SharpSpring from a “sell” rating to a “hold” rating in a research report on Friday, February 12th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. SharpSpring presently has a consensus rating of “Buy” and an average target price of $18.00.
SharpSpring (NASDAQ:SHSP) last released its quarterly earnings results on Thursday, May 13th. The technology company reported ($0.20) EPS for the quarter. SharpSpring had a negative net margin of 24.56% and a negative return on equity of 22.55%. The company had revenue of $7.99 million for the quarter.
SharpSpring, Inc operates as a cloud-based marketing technology company worldwide. The company offers SharpSpring, a marketing automation Software as a Service platform that uses features, such as web tracking, lead scoring, and automated workflow, as well as enables a business to store, manage, and optimize customer and prospect data in a cloud-based environment; and SharpSpring Mail+ product, a subset of the full suite solution, which focuses on traditional email marketing.
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