Shotspotter Inc (NASDAQ:SSTI) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,370,000 shares, an increase of 9.2% from the September 30th total of 2,170,000 shares. Based on an average daily trading volume, of 172,300 shares, the short-interest ratio is currently 13.8 days. Approximately 29.6% of the shares of the stock are short sold.
Several equities research analysts have recently weighed in on the company. Northland Securities decreased their price target on Shotspotter from $40.00 to $25.00 and set a “market perform” rating on the stock in a research report on Wednesday. Imperial Capital decreased their price objective on shares of Shotspotter from $48.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. B. Riley restated a “buy” rating and issued a $50.00 price objective on shares of Shotspotter in a research report on Wednesday. TheStreet cut shares of Shotspotter from a “c-” rating to a “d+” rating in a research report on Wednesday, August 7th. Finally, Roth Capital decreased their price objective on shares of Shotspotter from $64.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Shotspotter presently has a consensus rating of “Hold” and an average price target of $37.56.
Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can lifted its stake in Shotspotter by 22,700.0% in the second quarter. Bank of Montreal Can now owns 684 shares of the company’s stock worth $30,000 after acquiring an additional 681 shares during the period. Tower Research Capital LLC TRC lifted its stake in Shotspotter by 6,426.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,240 shares of the company’s stock worth $55,000 after acquiring an additional 1,221 shares during the period. Marshall Wace LLP purchased a new stake in Shotspotter in the first quarter worth $110,000. Conestoga Capital Advisors LLC lifted its stake in Shotspotter by 40.7% in the third quarter. Conestoga Capital Advisors LLC now owns 11,930 shares of the company’s stock worth $275,000 after acquiring an additional 3,450 shares during the period. Finally, Reynders McVeigh Capital Management LLC purchased a new stake in Shotspotter in the second quarter worth $392,000. 72.46% of the stock is owned by institutional investors.
Shares of SSTI stock traded up $0.49 during trading on Friday, hitting $22.36. The company had a trading volume of 174,700 shares, compared to its average volume of 158,136. The stock has a market capitalization of $250.03 million, a price-to-earnings ratio of -86.00 and a beta of 2.58. Shotspotter has a 52 week low of $18.44 and a 52 week high of $58.61. The stock’s 50-day moving average is $20.67 and its two-hundred day moving average is $34.25.
Shotspotter (NASDAQ:SSTI) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Shotspotter had a return on equity of 2.97% and a net margin of 1.95%. The company had revenue of $9.98 million during the quarter, compared to analyst estimates of $10.89 million. During the same quarter last year, the firm posted ($0.13) earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. On average, research analysts anticipate that Shotspotter will post 0.09 EPS for the current fiscal year.
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.
See Also: What is a Call Option?
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.