Shotspotter (SSTI) Downgraded by BidaskClub to “Buy”

Shotspotter (NASDAQ:SSTI) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Other equities analysts also recently issued research reports about the company. Dougherty & Co started coverage on Shotspotter in a research report on Tuesday, April 24th. They set a “buy” rating and a $40.00 price objective on the stock. Imperial Capital reiterated a “buy” rating on shares of Shotspotter in a research report on Friday, June 8th. Roth Capital lifted their price objective on Shotspotter to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Lake Street Capital started coverage on Shotspotter in a research report on Tuesday, May 29th. They set a “buy” rating and a $36.00 price objective on the stock. Finally, Zacks Investment Research upgraded Shotspotter from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, May 16th. Eight investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of $41.14.

Shares of Shotspotter stock opened at $40.59 on Thursday. Shotspotter has a one year low of $10.51 and a one year high of $49.30. The company has a market cap of $487.66 million, a P/E ratio of -71.21 and a beta of -1.66.

Shotspotter (NASDAQ:SSTI) last announced its quarterly earnings data on Thursday, August 2nd. The company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate 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 firm 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 business posted ($1.16) earnings per share. The firm’s revenue was up 52.9% compared to the same quarter last year. analysts forecast that Shotspotter will post -0.17 EPS for the current year.

In other Shotspotter news, major shareholder Gary M. Lauder sold 21,448 shares of Shotspotter stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $42.78, for a total value of $917,545.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Gary M. Lauder sold 31,946 shares of Shotspotter stock in a transaction on Friday, August 10th. The shares were sold at an average price of $46.13, for a total value of $1,473,668.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,305 shares of company stock worth $2,467,272. 36.10% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of SSTI. MetLife Investment Advisors LLC purchased a new stake in Shotspotter in the second quarter valued at $137,000. Northern Trust Corp purchased a new stake in Shotspotter in the first quarter valued at $204,000. Barclays PLC purchased a new stake in Shotspotter in the first quarter valued at $209,000. Moreno Evelyn V purchased a new stake in Shotspotter in the second quarter valued at $220,000. Finally, Brighton Jones LLC purchased a new stake in Shotspotter in the first quarter valued at $231,000. Institutional investors own 53.01% of the company’s stock.

About Shotspotter

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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