Brokerages Set ShotSpotter, Inc. (NASDAQ:SSTI) Price Target at $38.33


Share on StockTwits

ShotSpotter, Inc. (NASDAQ:SSTI) has been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $38.33.

SSTI has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of ShotSpotter from a “hold” rating to a “sell” rating in a research report on Tuesday, March 2nd. Northland Securities lifted their target price on shares of ShotSpotter from $40.00 to $49.00 and gave the company an “outperform” rating in a report on Friday, February 26th. Roth Capital lifted their target price on shares of ShotSpotter from $41.00 to $53.00 and gave the company a “buy” rating in a report on Friday, February 26th. Finally, Craig Hallum cut their target price on shares of ShotSpotter from $45.00 to $40.00 in a report on Wednesday, March 31st.

In related news, Director Thomas T. Groos sold 50,000 shares of ShotSpotter stock in a transaction on Friday, March 5th. The shares were sold at an average price of $36.81, for a total value of $1,840,500.00. Following the sale, the director now owns 294,135 shares of the company’s stock, valued at approximately $10,827,109.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas T. Groos sold 19,900 shares of ShotSpotter stock in a transaction on Monday, March 8th. The shares were sold at an average price of $37.89, for a total transaction of $754,011.00. Following the completion of the sale, the director now directly owns 294,135 shares in the company, valued at approximately $11,144,775.15. The disclosure for this sale can be found here. Insiders sold a total of 83,925 shares of company stock worth $3,125,951 in the last three months. 11.40% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. HM Payson & Co. acquired a new stake in ShotSpotter in the 3rd quarter valued at $41,000. Citigroup Inc. boosted its stake in ShotSpotter by 253.2% during the 4th quarter. Citigroup Inc. now owns 1,660 shares of the company’s stock worth $63,000 after purchasing an additional 1,190 shares during the last quarter. Marshall Wace LLP acquired a new stake in ShotSpotter during the 1st quarter worth $110,000. The Manufacturers Life Insurance Company acquired a new stake in ShotSpotter during the 4th quarter worth $202,000. Finally, Moreno Evelyn V acquired a new stake in ShotSpotter during the 4th quarter worth $218,000. 62.09% of the stock is currently owned by hedge funds and other institutional investors.

SSTI traded down $0.25 during trading on Friday, reaching $34.62. 1,254 shares of the company’s stock were exchanged, compared to its average volume of 55,826. ShotSpotter has a 1 year low of $20.26 and a 1 year high of $53.97. The stock has a market capitalization of $403.25 million, a P/E ratio of 151.65, a price-to-earnings-growth ratio of 11.58 and a beta of 1.52. The company’s fifty day simple moving average is $39.86 and its 200-day simple moving average is $37.69.

ShotSpotter (NASDAQ:SSTI) last posted its quarterly earnings results on Thursday, February 25th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. ShotSpotter had a net margin of 6.30% and a return on equity of 9.66%. The company had revenue of $12.65 million during the quarter, compared to analyst estimates of $11.72 million. As a group, analysts predict that ShotSpotter will post 0.16 earnings per share for the current fiscal year.

ShotSpotter Company Profile

ShotSpotter, Inc provides precision-policing and security solutions for law enforcement and security personnel in the United States, South Africa, and the Bahamas. 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.

Read More: How is a price target determined?

Analyst Recommendations for ShotSpotter (NASDAQ:SSTI)

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.