BidaskClub upgraded shares of Shotspotter (NASDAQ:SSTI) from a buy rating to a strong-buy rating in a report released on Friday.

A number of other research firms have also recently commented on SSTI. Roth Capital increased their price target on Shotspotter to $60.00 and gave the company a buy rating in a research note on Friday, August 3rd. Imperial Capital set a $50.00 price target on Shotspotter and gave the company a buy rating in a research note on Monday, August 6th. JMP Securities began coverage on Shotspotter in a research note on Thursday, June 7th. They issued an outperform rating and a $40.00 price target for the company. Dougherty & Co began coverage on Shotspotter in a research note on Tuesday, April 24th. They issued a buy rating and a $40.00 price target for the company. Finally, Zacks Investment Research upgraded Shotspotter from a sell rating to a hold rating in a research note on Wednesday, April 25th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $41.14.

Shares of SSTI stock opened at $43.13 on Friday. Shotspotter has a 1-year low of $10.51 and a 1-year high of $49.30. The stock has a market cap of $487.65 million, a P/E ratio of -80.21 and a beta of -1.66.

Shotspotter (NASDAQ:SSTI) last issued its quarterly earnings data on Thursday, August 2nd. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.04. Shotspotter had a negative return on equity of 36.43% and a negative net margin of 19.52%. The company had revenue of $8.93 million for the quarter, compared to the consensus estimate of $8.01 million. During the same quarter last year, the company earned ($1.16) earnings per share. The firm’s revenue for the quarter was up 52.9% compared to the same quarter last year. equities analysts expect that Shotspotter will post -0.17 EPS for the current year.

In other Shotspotter news, major shareholder Gary M. Lauder sold 31,946 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $46.13, for a total value of $1,473,668.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 36.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC purchased a new position in shares of Shotspotter in the fourth quarter worth about $270,000. Brighton Jones LLC purchased a new position in shares of Shotspotter in the first quarter worth about $231,000. Northern Trust Corp purchased a new position in shares of Shotspotter in the first quarter worth about $204,000. Federated Investors Inc. PA raised its stake in shares of Shotspotter by 22.9% in the first quarter. Federated Investors Inc. PA now owns 370,600 shares of the company’s stock worth $9,821,000 after purchasing an additional 69,100 shares during the last quarter. Finally, Timpani Capital Management LLC raised its stake in shares of Shotspotter by 34.3% in the first quarter. Timpani Capital Management LLC now owns 128,785 shares of the company’s stock worth $3,413,000 after purchasing an additional 32,881 shares during the last quarter. Institutional investors own 53.01% of the company’s stock.

Shotspotter Company Profile

ShotSpotter, Inc provides software-as-a-service based gunshot detection solutions for law enforcement officials and security personnel in the United States, South Africa, and internationally. The company's solutions include ShotSpotter Flex, an outdoor public safety solution for cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and SST SecureCampus that helps the law enforcement and security personnel serving universities, colleges, and other educational institutions to mitigate risk and enhance security by notifying authorities and first responders of an active-shooter.

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Analyst Recommendations for Shotspotter (NASDAQ:SSTI)

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