Shares of Shotspotter Inc (NASDAQ:SSTI) have been given a consensus rating of “Hold” by the thirteen ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $49.86.

A number of equities analysts recently commented on the company. William Blair reiterated a “market perform” rating on shares of Shotspotter in a research report on Wednesday, August 7th. TheStreet cut Shotspotter from a “c-” rating to a “d+” rating in a report on Wednesday, August 7th. Zacks Investment Research downgraded Shotspotter from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. BidaskClub downgraded Shotspotter from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 28th. Finally, Lake Street Capital reduced their price target on Shotspotter from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th.

SSTI stock traded up $1.38 during mid-day trading on Friday, reaching $29.39. The company’s stock had a trading volume of 104,041 shares, compared to its average volume of 150,977. The company’s 50 day moving average is $31.00 and its two-hundred day moving average is $41.46. Shotspotter has a fifty-two week low of $25.33 and a fifty-two week high of $66.14. The stock has a market cap of $314.24 million, a PE ratio of -113.04 and a beta of 2.68.

Shotspotter (NASDAQ:SSTI) last issued its earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The business had revenue of $10.30 million for the quarter, compared to analysts’ expectations of $10.43 million. Shotspotter had a negative return on equity of 4.86% and a negative net margin of 2.87%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) EPS. On average, research analysts forecast that Shotspotter will post 0.11 earnings per share for the current year.

In related news, VP Joseph O. Hawkins sold 1,911 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $29.01, for a total value of $55,438.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 11.40% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Bank of Montreal Can increased its stake in Shotspotter by 22,700.0% during the second quarter. Bank of Montreal Can now owns 684 shares of the company’s stock worth $30,000 after acquiring an additional 681 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Shotspotter by 6,426.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,240 shares of the company’s stock worth $55,000 after purchasing an additional 1,221 shares during the period. BNP Paribas Arbitrage SA purchased a new position in shares of Shotspotter during the 1st quarter worth $59,000. Marshall Wace LLP acquired a new stake in shares of Shotspotter during the 1st quarter worth about $110,000. Finally, Bank of America Corp DE increased its position in shares of Shotspotter by 255.2% during the 4th quarter. Bank of America Corp DE now owns 6,540 shares of the company’s stock worth $204,000 after purchasing an additional 4,699 shares during the last quarter. Institutional investors own 73.43% of the company’s stock.

About Shotspotter

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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Analyst Recommendations for Shotspotter (NASDAQ:SSTI)

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