Brokerages Set Shotspotter Inc (SSTI) Price Target at $44.86

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Shotspotter Inc (NASDAQ:SSTI) has been given an average recommendation of “Buy” by the nine research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $44.86.

SSTI has been the subject of several recent research reports. Roth Capital upped their price target on Shotspotter to $60.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. BidaskClub downgraded Shotspotter from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 20th. JMP Securities upped their price target on Shotspotter from $50.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, October 8th. Imperial Capital set a $50.00 price objective on Shotspotter and gave the company a “buy” rating in a research note on Tuesday, July 31st. Finally, William Blair began coverage on Shotspotter in a research note on Wednesday, September 26th. They issued an “outperform” rating for the company.

Shares of Shotspotter stock opened at $41.22 on Tuesday. Shotspotter has a 12-month low of $12.56 and a 12-month high of $66.14. The firm has a market cap of $458.15 million, a P/E ratio of -72.32 and a beta of -1.00.

Shotspotter (NASDAQ:SSTI) last announced its quarterly earnings results on Thursday, August 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $8.93 million during the quarter, compared to the consensus estimate of $8.01 million. During the same quarter in the prior year, the company posted ($1.16) earnings per share. Shotspotter’s revenue was up 52.9% compared to the same quarter last year. On average, analysts forecast that Shotspotter will post -0.17 EPS for the current fiscal year.

In other news, major shareholder Gary M. Lauder sold 27,000 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $59.34, for a total transaction of $1,602,180.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Gary M. Lauder sold 21,448 shares of the 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 disclosure for this sale can be found here. Insiders sold a total of 97,775 shares of company stock valued at $4,688,252 in the last 90 days. Corporate insiders own 36.10% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. MetLife Investment Advisors LLC bought a new position in shares of Shotspotter during the 2nd quarter worth $137,000. Northern Trust Corp bought a new position in shares of Shotspotter during the 1st quarter worth $204,000. Barclays PLC bought a new position in shares of Shotspotter during the 1st quarter worth $209,000. Moreno Evelyn V bought a new position in shares of Shotspotter during the 2nd quarter worth $220,000. Finally, Hilltop Holdings Inc. bought a new position in shares of Shotspotter during the 2nd quarter worth $235,000. Institutional investors own 55.66% 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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