ShotSpotter Inc. (SSTI) Rating Reiterated by Northland Securities
Northland Securities restated their buy rating on shares of ShotSpotter Inc. (NASDAQ:SSTI) in a research note published on Friday. Northland Securities currently has a $20.00 price objective on the stock.
Several other equities research analysts also recently issued reports on SSTI. Zacks Investment Research upgraded shares of ShotSpotter from a hold rating to a buy rating and set a $12.00 price objective on the stock in a research note on Saturday, September 9th. Roth Capital raised their price objective on shares of ShotSpotter from $18.00 to $23.00 and gave the stock a buy rating in a research note on Wednesday, November 8th. Finally, Imperial Capital initiated coverage on shares of ShotSpotter in a research note on Thursday, July 27th. They issued an outperform rating and a $16.00 price objective on the stock.
Shares of ShotSpotter (NASDAQ:SSTI) opened at $18.35 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 1.85. ShotSpotter has a 52 week low of $9.33 and a 52 week high of $20.15.
ShotSpotter (NASDAQ:SSTI) last announced its quarterly earnings data on Tuesday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.02. The company had revenue of $6.80 million during the quarter, compared to analyst estimates of $5.66 million. The company’s revenue was up 70.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.96) EPS. sell-side analysts expect that ShotSpotter will post -0.6 EPS for the current year.
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Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new stake in ShotSpotter during the second quarter worth $2,577,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in ShotSpotter during the second quarter worth $9,539,000. Prudential PLC acquired a new stake in ShotSpotter during the second quarter worth $3,837,000. Timpani Capital Management LLC acquired a new stake in ShotSpotter during the second quarter worth $885,000. Finally, Castleark Management LLC acquired a new stake in ShotSpotter during the second quarter worth $2,110,000. Hedge funds and other institutional investors own 21.80% of the company’s stock.
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.
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