Lake Street Capital Analysts Cut Earnings Estimates for SMTP Inc. (SHSP)
SMTP Inc. (NASDAQ:SHSP) – Lake Street Capital decreased their FY2016 earnings estimates for SMTP in a research note issued to investors on Wednesday. Lake Street Capital analyst E. Martinuzzi now anticipates that the brokerage will earn ($1.17) per share for the year, down from their previous forecast of ($1.16). Lake Street Capital also issued estimates for SMTP’s Q2 2017 earnings at ($0.09) EPS, Q3 2017 earnings at ($0.09) EPS, Q4 2017 earnings at ($0.06) EPS and FY2017 earnings at ($0.34) EPS.
Separately, Zacks Investment Research cut shares of SMTP from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th.
SMTP (NASDAQ:SHSP) opened at 5.22 on Monday. The stock’s 50 day moving average is $5.28 and its 200-day moving average is $4.92. SMTP has a 12 month low of $2.90 and a 12 month high of $6.30. The firm has a market capitalization of $43.58 million, a price-to-earnings ratio of 12.34 and a beta of -3.09.
In other SMTP news, Chairman Semyon Dukach sold 387,149 shares of SMTP stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $5.15, for a total value of $1,993,817.35. Following the completion of the sale, the chairman now owns 2,326,657 shares in the company, valued at approximately $11,982,283.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 47.22% of the company’s stock.
SharpSpring, Inc, formerly SMTP, Inc, is a cloud-based marketing technology company. The Company’s SharpSpring marketing automation platform uses features, such as Web tracking, lead scoring and automated workflow to enable businesses deliver messages to the customers. The SharpSpring marketing automation solution offers digital marketing tools to small and medium-sized businesses and is primarily sold to marketing agencies using the platform on behalf of their clients.
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