Several other equities analysts have also commented on SSTI. B. Riley set a $59.00 price target on Shotspotter and gave the company a “buy” rating in a research note on Thursday, March 28th. National Securities lowered Shotspotter from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 6th. Robert W. Baird raised their price target on Shotspotter from $41.00 to $58.00 and gave the company a “positive” rating in a research note on Wednesday, February 20th. TheStreet upgraded Shotspotter from a “d” rating to a “c-” rating in a research note on Wednesday, February 20th. Finally, Zacks Investment Research lowered Shotspotter from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Shotspotter presently has an average rating of “Buy” and a consensus target price of $51.26.
SSTI stock opened at $58.08 on Tuesday. Shotspotter has a twelve month low of $26.55 and a twelve month high of $66.14. The firm has a market capitalization of $621.98 million, a price-to-earnings ratio of -223.38, a price-to-earnings-growth ratio of 11.21 and a beta of 3.01.
Shotspotter (NASDAQ:SSTI) last released its earnings results on Tuesday, February 19th. The company reported $0.03 earnings per share for the quarter. Shotspotter had a negative return on equity of 17.00% and a negative net margin of 7.84%. The business had revenue of $9.71 million for the quarter, compared to analyst estimates of $9.47 million. As a group, sell-side analysts expect that Shotspotter will post 0.14 EPS for the current year.
In other news, Director Pascal Levensohn sold 10,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $44.99, for a total transaction of $449,900.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Joseph O. Hawkins sold 1,911 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $46.96, for a total value of $89,740.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 123,922 shares of company stock worth $5,579,359. Insiders own 36.10% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of SSTI. Renaissance Technologies LLC purchased a new position in Shotspotter in the third quarter valued at about $7,110,000. BlackRock Inc. grew its stake in Shotspotter by 31.0% in the third quarter. BlackRock Inc. now owns 466,873 shares of the company’s stock valued at $28,615,000 after purchasing an additional 110,611 shares during the last quarter. Vanguard Group Inc grew its stake in Shotspotter by 26.6% in the third quarter. Vanguard Group Inc now owns 303,946 shares of the company’s stock valued at $18,629,000 after purchasing an additional 63,857 shares during the last quarter. Vanguard Group Inc. grew its stake in Shotspotter by 26.6% in the third quarter. Vanguard Group Inc. now owns 303,946 shares of the company’s stock valued at $18,629,000 after purchasing an additional 63,857 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in Shotspotter in the fourth quarter valued at about $1,858,000. Institutional investors own 55.83% of the company’s stock.
Shotspotter Company Profile
ShotSpotter, Inc provides precision-policing and security solutions for law enforcement and security personnel in the United States and South Africa. Its solutions include ShotSpotter Flex, a public safety solution, which serves cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and ShotSpotter Missions, a cloud-based patrol management solution to help police departments plan patrol missions and tactics for crime deterrence.
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