Shotspotter (SSTI) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Shotspotter (NASDAQ:SSTI) from a sell rating to a hold rating in a research note issued to investors on Monday.

SSTI has been the subject of several other research reports. William Blair assumed coverage on shares of Shotspotter in a research report on Wednesday, September 26th. They issued an outperform rating for the company. Roth Capital boosted their price objective on shares of Shotspotter from $60.00 to $64.00 and gave the stock a buy rating in a research report on Friday, October 5th. National Securities assumed coverage on shares of Shotspotter in a research report on Sunday, December 9th. They issued a buy rating and a $38.09 price objective for the company. B. Riley assumed coverage on shares of Shotspotter in a research report on Thursday, December 20th. They issued a buy rating and a $53.00 price objective for the company. Finally, JMP Securities boosted their price objective on shares of Shotspotter from $50.00 to $62.00 and gave the stock a buy rating in a research report on Monday, October 8th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $45.71.

Shares of SSTI traded down $0.99 on Monday, hitting $37.07. The company’s stock had a trading volume of 2,385 shares, compared to its average volume of 121,079. The company has a market capitalization of $409.28 million, a P/E ratio of -65.02, a PEG ratio of 9.82 and a beta of 2.29. Shotspotter has a fifty-two week low of $15.51 and a fifty-two week high of $66.14.

Shotspotter (NASDAQ:SSTI) last announced its earnings results on Tuesday, November 13th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.09). Shotspotter had a negative return on equity of 37.42% and a negative net margin of 17.52%. The business had revenue of $9.21 million during the quarter, compared to analyst estimates of $8.99 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. The firm’s revenue was up 34.5% compared to the same quarter last year. Sell-side analysts anticipate that Shotspotter will post -0.26 EPS for the current fiscal year.

In other Shotspotter news, VP Joseph O. Hawkins sold 1,911 shares of the company’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $29.31, for a total transaction of $56,011.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas T. Groos sold 112,000 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $32.41, for a total transaction of $3,629,920.00. The disclosure for this sale can be found here. Insiders own 36.10% of the company’s stock.

Institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Shotspotter by 3,517.6% during the 2nd quarter. BlackRock Inc. now owns 356,262 shares of the company’s stock valued at $13,513,000 after acquiring an additional 346,414 shares during the last quarter. FMR LLC raised its position in shares of Shotspotter by 68.5% during the 2nd quarter. FMR LLC now owns 479,371 shares of the company’s stock valued at $18,183,000 after acquiring an additional 194,844 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Shotspotter during the 2nd quarter valued at $680,000. MetLife Investment Advisors LLC bought a new stake in shares of Shotspotter during the 2nd quarter valued at $137,000. Finally, Granahan Investment Management Inc. MA bought a new stake in shares of Shotspotter during the 2nd quarter valued at $7,490,000. Institutional investors own 55.34% of the company’s stock.

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.

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Analyst Recommendations for Shotspotter (NASDAQ:SSTI)

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