Zacks: ShotSpotter Inc. (SSTI) Receives Average Recommendation of “Strong Buy” from Brokerages
Shares of ShotSpotter Inc. (NASDAQ:SSTI) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price objective of $20.92 for the company, according to Zacks. Zacks has also given ShotSpotter an industry rank of 95 out of 265 based on the ratings given to related companies.
Several research analysts have issued reports on the stock. Northland Securities restated a “buy” rating and issued a $20.00 price target on shares of ShotSpotter in a research report on Friday, November 10th. Imperial Capital set a $20.00 price target on shares of ShotSpotter and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of ShotSpotter from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Saturday, September 23rd. Finally, Roth Capital lifted their price target on shares of ShotSpotter from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th.
ShotSpotter (NASDAQ:SSTI) traded down $0.33 during midday trading on Friday, hitting $16.69. 43,715 shares of the company were exchanged, compared to its average volume of 89,475. ShotSpotter has a fifty-two week low of $9.33 and a fifty-two week high of $20.15.
ShotSpotter (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.02. The company had revenue of $6.80 million for the quarter, compared to analyst estimates of $5.66 million. During the same quarter in the prior year, the business earned ($0.96) EPS. ShotSpotter’s revenue was up 70.0% compared to the same quarter last year. research analysts expect that ShotSpotter will post -0.6 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. K.J. Harrison & Partners Inc acquired a new position in ShotSpotter in the 2nd quarter worth approximately $128,000. Goldman Sachs Group Inc. acquired a new position in ShotSpotter in the 2nd quarter worth approximately $181,000. Archon Capital Management LLC acquired a new position in ShotSpotter in the 3rd quarter worth approximately $227,000. Spark Investment Management LLC acquired a new position in ShotSpotter in the 2nd quarter worth approximately $231,000. Finally, Harvey Partners LLC boosted its stake in ShotSpotter by 176.2% in the 3rd quarter. Harvey Partners LLC now owns 50,000 shares of the company’s stock worth $673,000 after purchasing an additional 31,900 shares during the period. 21.80% of the stock is owned by hedge funds and other institutional investors.
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ShotSpotter Company Profile
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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