Shotspotter Inc (NASDAQ:SSTI) has been given an average rating of “Buy” by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $36.00.
A number of equities analysts recently commented on the company. Northland Securities decreased their target price on Shotspotter from $40.00 to $25.00 and set a “market perform” rating for the company in a report on Wednesday, November 13th. B. Riley restated a “buy” rating and set a $50.00 target price on shares of Shotspotter in a report on Wednesday, November 13th. JMP Securities decreased their target price on Shotspotter from $35.00 to $27.00 and set a “market outperform” rating for the company in a report on Wednesday, November 13th. William Blair restated a “market perform” rating on shares of Shotspotter in a report on Wednesday, August 7th. Finally, Roth Capital decreased their target price on Shotspotter from $64.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, November 14th.
In related news, VP Joseph O. Hawkins sold 1,911 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $22.40, for a total value of $42,806.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.40% of the stock is owned by corporate insiders.
Shares of Shotspotter stock traded up $0.20 during midday trading on Wednesday, reaching $24.59. 3,733 shares of the company’s stock traded hands, compared to its average volume of 159,454. The company has a market cap of $265.81 million, a PE ratio of -94.46 and a beta of 2.58. The stock has a 50 day moving average of $20.85 and a 200-day moving average of $32.55. Shotspotter has a 12 month low of $18.44 and a 12 month high of $58.61.
Shotspotter (NASDAQ:SSTI) last announced its earnings results on Tuesday, November 12th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $9.98 million during the quarter, compared to the consensus estimate of $10.89 million. Shotspotter had a return on equity of 2.97% and a net margin of 1.95%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.13) earnings per share. Research analysts anticipate that Shotspotter will post 0.09 EPS for the current 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.
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