Imperial Capital Upgrades Shotspotter (SSTI) to Outperform

Shotspotter (NASDAQ:SSTI) was upgraded by research analysts at Imperial Capital from an “in-line” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a $49.00 price objective on the stock, down from their previous price objective of $54.00. Imperial Capital’s price target indicates a potential upside of 48.13% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. BidaskClub lowered Shotspotter from a “hold” rating to a “sell” rating in a research note on Friday. Lake Street Capital set a $55.00 target price on Shotspotter and gave the stock a “buy” rating in a research note on Thursday. JMP Securities decreased their target price on Shotspotter from $62.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. Roth Capital upped their target price on Shotspotter from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, October 5th. Finally, William Blair began coverage on Shotspotter in a research note on Wednesday, September 26th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $46.43.

Shares of NASDAQ:SSTI traded up $0.43 during midday trading on Monday, reaching $33.08. 6,642 shares of the company traded hands, compared to its average volume of 185,346. The firm has a market cap of $353.33 million, a price-to-earnings ratio of -58.58 and a beta of 2.14. Shotspotter has a 12 month low of $12.56 and a 12 month high of $66.14.

Shotspotter (NASDAQ:SSTI) last announced its earnings results on Tuesday, November 13th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). The business had revenue of $9.21 million during the quarter, compared to the consensus estimate of $8.99 million. Shotspotter had a negative return on equity of 37.42% and a negative net margin of 17.52%. Shotspotter’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.12) earnings per share. On average, sell-side analysts predict that Shotspotter will post -0.23 EPS for the current fiscal year.

In other news, major shareholder Gary M. Lauder sold 27,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $59.34, for a total value of $1,602,180.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 36.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in shares of Shotspotter by 16.4% in the 3rd quarter. Wells Fargo & Company MN now owns 13,136 shares of the company’s stock worth $805,000 after purchasing an additional 1,853 shares in the last quarter. MetLife Investment Advisors LLC boosted its holdings in shares of Shotspotter by 55.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 5,590 shares of the company’s stock worth $343,000 after purchasing an additional 1,987 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Shotspotter in the 3rd quarter worth about $215,000. LPL Financial LLC purchased a new position in shares of Shotspotter in the 3rd quarter worth about $219,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Shotspotter by 24.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 22,303 shares of the company’s stock worth $1,366,000 after purchasing an additional 4,376 shares in the last quarter. Hedge funds and other institutional investors own 58.25% 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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