ShotSpotter (SSTI) Receiving Somewhat Favorable News Coverage, Analysis Shows
Headlines about ShotSpotter (NASDAQ:SSTI) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ShotSpotter earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.2385974202601 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of equities research analysts have issued reports on the company. Imperial Capital assumed coverage on ShotSpotter in a research note on Thursday, July 27th. They issued an “outperform” rating and a $16.00 target price on the stock. Roth Capital assumed coverage on ShotSpotter in a report on Monday, July 10th. They set a “buy” rating and a $18.00 price target on the stock. Finally, Northland Securities assumed coverage on ShotSpotter in a report on Monday, July 3rd. They set an “outperform” rating and a $16.00 target price on the stock.
Shares of ShotSpotter (NASDAQ SSTI) opened at 11.59 on Monday. ShotSpotter has a 52 week low of $9.33 and a 52 week high of $15.36. The company has a 50-day moving average price of $12.56 and a 200 day moving average price of $12.96. The firm’s market cap is $111.32 million.
ShotSpotter (NASDAQ:SSTI) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.03. The firm had revenue of $5.84 million during the quarter, compared to the consensus estimate of $5.07 million. During the same quarter last year, the firm posted ($1.44) EPS. The business’s revenue was up 48.2% on a year-over-year basis. Analysts expect that ShotSpotter will post ($0.60) EPS for the current fiscal year.
In other news, CFO Alan R. Stewart acquired 9,090 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were bought at an average price of $11.00 per share, with a total value of $99,990.00. Following the acquisition, the chief financial officer now directly owns 9,090 shares in the company, valued at approximately $99,990. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary M. Lauder acquired 91,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were purchased at an average cost of $11.00 per share, for a total transaction of $1,001,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 113,726 shares of company stock worth $1,250,986.
COPYRIGHT VIOLATION NOTICE: “ShotSpotter (SSTI) Receiving Somewhat Favorable News Coverage, Analysis Shows” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/08/21/shotspotter-ssti-receiving-somewhat-favorable-news-coverage-analysis-shows.html.
ShotSpotter, Inc is engaged in designing and delivering gunfire alert and analysis solutions. The Company offers its software solutions on a SaaS-based subscription model. It has one operating segment with one business activity, providing gunshot detection systems. Its safety solutions include ShotSpotter Flex, ShotSpotter (SST) SecureCampus and ShotSpotter SiteSecure.
Receive News & Stock Ratings for ShotSpotter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ShotSpotter Inc. and related stocks with our FREE daily email newsletter.