Shotspotter Inc (SSTI) Receives Consensus Rating of “Strong Buy” from Brokerages
Shotspotter Inc (NASDAQ:SSTI) has received a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus target price of $27.00 for the company and are expecting that the company will post ($0.13) EPS for the current quarter, according to Zacks. Zacks has also given Shotspotter an industry rank of 215 out of 265 based on the ratings given to related companies.
A number of equities analysts have issued reports on SSTI shares. Northland Securities increased their price target on Shotspotter from $20.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Zacks Investment Research downgraded Shotspotter from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Imperial Capital reiterated an “outperform” rating and set a $24.00 price target (up previously from $19.75) on shares of Shotspotter in a research report on Thursday, February 22nd.
Shotspotter (NASDAQ:SSTI) last issued its quarterly earnings results on Tuesday, February 20th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.19). The business had revenue of $6.52 million during the quarter, compared to the consensus estimate of $5.96 million. The company’s quarterly revenue was up 43.2% on a year-over-year basis. research analysts predict that Shotspotter will post -0.28 EPS for the current fiscal year.
In other news, VP Joseph O. Hawkins sold 1,911 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $22.04, for a total value of $42,118.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total value of $14,246,685.00. The disclosure for this sale can be found here. Insiders have sold 990,690 shares of company stock worth $15,029,583 in the last quarter.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC lifted its position in shares of Shotspotter by 139.3% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,753,848 shares of the company’s stock valued at $24,642,000 after acquiring an additional 1,021,066 shares in the last quarter. Price Michael F purchased a new position in shares of Shotspotter in the fourth quarter valued at approximately $4,104,000. Russell Investments Group Ltd. lifted its position in shares of Shotspotter by 2.4% in the third quarter. Russell Investments Group Ltd. now owns 206,412 shares of the company’s stock valued at $2,776,000 after acquiring an additional 4,931 shares in the last quarter. Foster Dykema Cabot & Co. Inc. MA purchased a new position in shares of Shotspotter in the fourth quarter valued at approximately $1,531,000. Finally, Mariner Investment Group LLC purchased a new position in shares of Shotspotter in the fourth quarter valued at approximately $963,000. Institutional investors and hedge funds own 42.52% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Shotspotter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shotspotter and related companies with MarketBeat.com's FREE daily email newsletter.