SharpSpring, Inc. (SHSP) Upgraded to Sell by ValuEngine

ValuEngine upgraded shares of SharpSpring, Inc. (NASDAQ:SHSP) from a strong sell rating to a sell rating in a research report sent to investors on Friday.

Shares of SharpSpring (NASDAQ SHSP) opened at 4.39 on Friday. SharpSpring has a 12 month low of $3.07 and a 12 month high of $5.80. The company’s 50-day moving average is $3.59 and its 200-day moving average is $4.09. The firm’s market cap is $36.81 million.

SharpSpring (NASDAQ:SHSP) last released its earnings results on Wednesday, August 9th. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The firm had revenue of $3.25 million during the quarter, compared to analysts’ expectations of $3.16 million. SharpSpring had a negative return on equity of 26.40% and a negative net margin of 51.12%. On average, equities research analysts forecast that SharpSpring will post ($0.50) earnings per share for the current fiscal year.

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A hedge fund recently raised its stake in SharpSpring stock. Vanguard Group Inc. grew its holdings in SharpSpring, Inc. (NASDAQ:SHSP) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,334 shares of the technology company’s stock after acquiring an additional 2,354 shares during the period. Vanguard Group Inc. owned 0.80% of SharpSpring worth $305,000 as of its most recent SEC filing. Institutional investors own 23.69% of the company’s stock.

About SharpSpring

SharpSpring, Inc, formerly SMTP, Inc, is a cloud-based marketing technology company. The Company’s SharpSpring marketing automation platform uses features, such as Web tracking, lead scoring and automated workflow to enable businesses deliver messages to the customers. The SharpSpring marketing automation solution offers digital marketing tools to small and medium-sized businesses and is primarily sold to marketing agencies using the platform on behalf of their clients.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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