Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Shotspotter (SSTI) Stock Price

News articles about Shotspotter (NASDAQ:SSTI) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shotspotter earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.8830964625675 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shotspotter (NASDAQ SSTI) traded up $0.04 during midday trading on Monday, reaching $17.07. 95,900 shares of the company’s stock traded hands, compared to its average volume of 247,411. The company has a market capitalization of $164.66 and a price-to-earnings ratio of -20.08. Shotspotter has a 1 year low of $9.33 and a 1 year high of $20.15.

Shotspotter (NASDAQ:SSTI) last issued its quarterly earnings data on Tuesday, November 7th. The company reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. The company had revenue of $6.80 million during the quarter, compared to the consensus estimate of $5.66 million. During the same period in the previous year, the company earned ($0.96) earnings per share. Shotspotter’s revenue for the quarter was up 70.0% compared to the same quarter last year. analysts forecast that Shotspotter will post -0.6 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Shotspotter from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Saturday, September 23rd. Northland Securities restated a “buy” rating and set a $20.00 price objective on shares of Shotspotter in a report on Friday, November 10th. Roth Capital upped their price target on shares of Shotspotter from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, Imperial Capital set a $20.00 price target on shares of Shotspotter and gave the company a “buy” rating in a report on Wednesday, November 15th.

In related news, insider Ralph A. Clark purchased 2,000 shares of Shotspotter stock in a transaction dated Monday, December 11th. The shares were bought at an average cost of $14.27 per share, for a total transaction of $28,540.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total transaction of $14,246,685.00. The disclosure for this sale can be found here.

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About Shotspotter

ShotSpotter, Inc is engaged in designing and delivering gunfire alert and analysis solutions. The Company offers its software solutions on a SaaS-based subscription model. It has one operating segment with one business activity, providing gunshot detection systems. Its safety solutions include ShotSpotter Flex, ShotSpotter (SST) SecureCampus and ShotSpotter SiteSecure.

Insider Buying and Selling by Quarter for Shotspotter (NASDAQ:SSTI)

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