Advisor Group Inc. lifted its stake in shares of SharpSpring Inc (NASDAQ:SHSP) by 52.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,176 shares of the technology company’s stock after purchasing an additional 4,176 shares during the quarter. Advisor Group Inc. owned about 0.14% of SharpSpring worth $154,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc purchased a new position in SharpSpring in the 4th quarter valued at approximately $104,000. JPMorgan Chase & Co. increased its position in shares of SharpSpring by 587.4% in the third quarter. JPMorgan Chase & Co. now owns 7,561 shares of the technology company’s stock valued at $106,000 after buying an additional 6,461 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of SharpSpring in the third quarter valued at $177,000. Brasada Capital Management LP increased its position in shares of SharpSpring by 32.4% in the fourth quarter. Brasada Capital Management LP now owns 40,150 shares of the technology company’s stock valued at $508,000 after buying an additional 9,820 shares in the last quarter. Finally, Royce & Associates LP acquired a new position in shares of SharpSpring during the 4th quarter worth $637,000. Institutional investors and hedge funds own 50.59% of the company’s stock.
In other news, major shareholder Cat Rock Capital Management Lp bought 76,000 shares of SharpSpring stock in a transaction on Thursday, March 7th. The shares were bought at an average cost of $13.00 per share, for a total transaction of $988,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 28.34% of the stock is owned by company insiders.
A number of research analysts have recently weighed in on the stock. Canaccord Genuity initiated coverage on shares of SharpSpring in a research note on Monday, April 1st. They set a “buy” rating for the company. Lake Street Capital upped their target price on SharpSpring to $17.00 and gave the company a “buy” rating in a research note on Thursday, February 28th. Finally, ValuEngine upgraded SharpSpring from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd.
NASDAQ SHSP opened at $17.28 on Friday. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.67. SharpSpring Inc has a fifty-two week low of $5.98 and a fifty-two week high of $17.39.
SharpSpring, Inc operates as a cloud-based marketing technology company worldwide. The company offers SharpSpring, a marketing automation solution for small and mid-size businesses. It markets and sells its products and services through sales teams and third party resellers. The company was formerly known as SMTP, Inc and changed its name to SharpSpring, Inc in December 2015.
Read More: Growth and Income Funds
Receive News & Ratings for SharpSpring Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SharpSpring and related companies with MarketBeat.com's FREE daily email newsletter.