ShotSpotter (NASDAQ:SSTI) had its target price lifted by Imperial Capital from $24.00 to $35.00 in a research note published on Thursday morning, Marketbeat Ratings reports. Imperial Capital currently has an outperform rating on the stock.
SSTI has been the topic of a number of other research reports. Zacks Investment Research raised shares of ShotSpotter from a sell rating to a hold rating in a research report on Wednesday, April 25th. BidaskClub raised shares of ShotSpotter from a buy rating to a strong-buy rating in a research report on Thursday, March 29th. Roth Capital lifted their price target on shares of ShotSpotter from $27.00 to $35.00 and gave the company a buy rating in a research report on Tuesday, March 27th. Dougherty & Co started coverage on shares of ShotSpotter in a research report on Tuesday, April 24th. They issued a buy rating and a $40.00 price target on the stock. Finally, Northland Securities lifted their price target on shares of ShotSpotter from $20.00 to $30.00 and gave the company an outperform rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. ShotSpotter currently has an average rating of Buy and a consensus target price of $32.00.
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Shares of ShotSpotter opened at $29.90 on Thursday, according to Marketbeat Ratings. The company has a market cap of $298.78 million and a P/E ratio of -52.46. ShotSpotter has a twelve month low of $9.33 and a twelve month high of $33.19.
ShotSpotter (NASDAQ:SSTI) last issued its quarterly earnings data on Tuesday, May 8th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.05. The firm had revenue of $6.91 million for the quarter, compared to analyst estimates of $6.59 million. ShotSpotter had a negative net margin of 36.91% and a negative return on equity of 39.40%. The company’s revenue for the quarter was up 51.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.93) earnings per share. equities analysts expect that ShotSpotter will post -0.28 EPS for the current year.
In related news, VP Joseph O. Hawkins sold 1,911 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $22.04, for a total transaction of $42,118.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ralph A. Clark bought 1,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average cost of $17.14 per share, for a total transaction of $25,710.00. The disclosure for this purchase can be found here. Insiders have sold 40,911 shares of company stock worth $782,898 in the last ninety days. 36.10% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in SSTI. Gilder Gagnon Howe & Co. LLC increased its position in ShotSpotter by 139.3% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,753,848 shares of the company’s stock worth $24,642,000 after acquiring an additional 1,021,066 shares during the period. Price Michael F bought a new position in ShotSpotter during the fourth quarter worth $4,104,000. Foster Dykema Cabot & Co. Inc. MA bought a new position in ShotSpotter during the fourth quarter worth $1,531,000. Federated Investors Inc. PA increased its position in ShotSpotter by 22.9% during the first quarter. Federated Investors Inc. PA now owns 370,600 shares of the company’s stock worth $9,821,000 after acquiring an additional 69,100 shares during the period. Finally, Mariner Investment Group LLC bought a new position in ShotSpotter during the fourth quarter worth $963,000. 44.19% of the stock is currently owned by institutional investors and hedge funds.
ShotSpotter Company Profile
ShotSpotter, Inc provides software-as-a-service based gunshot detection solutions for law enforcement officials and security personnel in the United States, South Africa, and internationally. The company's solutions include ShotSpotter Flex, an outdoor public safety solution for cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and SST SecureCampus that helps the law enforcement and security personnel serving universities, colleges, and other educational institutions to mitigate risk and enhance security by notifying authorities and first responders of an active-shooter.