Shotspotter (NASDAQ:SSTI) was downgraded by equities researchers at Northland Securities from an “outperform” rating to a “market perform” rating in a research report issued on Monday, MarketBeat Ratings reports. They currently have a $47.00 target price on the stock, down from their previous target price of $60.00. Northland Securities’ price objective points to a potential upside of 19.17% from the stock’s current price.
Other research analysts also recently issued reports about the company. Lake Street Capital set a $50.00 price objective on Shotspotter and gave the stock a “buy” rating in a research note on Friday, May 10th. B. Riley set a $59.00 price objective on Shotspotter and gave the stock a “buy” rating in a research note on Thursday, March 28th. BidaskClub downgraded Xperi from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 19th. Zacks Investment Research downgraded Farmland Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. Finally, Dougherty & Co downgraded Shotspotter from a “buy” rating to a “neutral” rating in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Shotspotter presently has a consensus rating of “Buy” and a consensus target price of $52.23.
Shares of SSTI opened at $39.44 on Monday. The company has a market cap of $460.70 million, a P/E ratio of -151.69, a P/E/G ratio of 13.49 and a beta of 2.55. The stock’s fifty day moving average is $43.66. Shotspotter has a 12 month low of $26.55 and a 12 month high of $66.14.
Shotspotter (NASDAQ:SSTI) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.03) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.03). The firm had revenue of $9.59 million during the quarter, compared to the consensus estimate of $9.77 million. Shotspotter had a negative return on equity of 9.63% and a negative net margin of 4.99%. The firm’s revenue was up 38.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.12) EPS. On average, research analysts anticipate that Shotspotter will post 0.09 EPS for the current fiscal year.
In other news, Director Pascal Levensohn sold 2,500 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $42.08, for a total value of $105,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Alan R. Stewart sold 2,029 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $46.87, for a total value of $95,099.23. The disclosure for this sale can be found here. In the last three months, insiders sold 82,684 shares of company stock valued at $3,735,644. Company insiders own 36.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of Shotspotter by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 22,598 shares of the company’s stock worth $704,000 after purchasing an additional 295 shares in the last quarter. BNP Paribas Arbitrage SA bought a new position in Shotspotter during the first quarter valued at about $59,000. Metropolitan Life Insurance Co. NY boosted its stake in Shotspotter by 356.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,544 shares of the company’s stock valued at $79,000 after buying an additional 1,987 shares in the last quarter. Barclays PLC boosted its stake in Shotspotter by 96.3% during the fourth quarter. Barclays PLC now owns 5,517 shares of the company’s stock valued at $172,000 after buying an additional 2,706 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Shotspotter during the first quarter valued at about $110,000. 62.67% of the stock is owned by institutional investors.
Shotspotter Company Profile
ShotSpotter, Inc provides precision-policing and security solutions for law enforcement and security personnel in the United States and South Africa. 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.
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