Shares of ShotSpotter (NASDAQ:SSTI) hit a new 52-week high and low during trading on Thursday . The company traded as low as $40.21 and last traded at $39.76, with a volume of 9582 shares traded. The stock had previously closed at $38.51.
A number of analysts recently commented on SSTI shares. Zacks Investment Research upgraded ShotSpotter from a “sell” rating to a “hold” rating in a research report on Wednesday, April 25th. BidaskClub upgraded ShotSpotter from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 29th. Roth Capital lifted their price objective on ShotSpotter from $27.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, March 27th. Dougherty & Co started coverage on ShotSpotter in a research report on Tuesday, April 24th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, Northland Securities lifted their price objective on ShotSpotter from $20.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Eight research analysts have rated the stock with a buy rating, ShotSpotter has an average rating of “Buy” and a consensus price target of $36.43.
The stock has a market capitalization of $379.53 million and a PE ratio of -70.00.
Several institutional investors have recently bought and sold shares of SSTI. Tower Research Capital LLC TRC grew its position in shares of ShotSpotter by 3,457.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,968 shares of the company’s stock worth $112,000 after buying an additional 7,744 shares during the period. Virtu Financial LLC acquired a new position in shares of ShotSpotter during the 4th quarter worth about $160,000. Mariner Investment Group LLC acquired a new position in shares of ShotSpotter during the 4th quarter worth about $963,000. First Republic Investment Management Inc. acquired a new position in shares of ShotSpotter during the 4th quarter worth about $301,000. Finally, Price Michael F acquired a new position in shares of ShotSpotter during the 4th quarter worth about $4,104,000. Institutional investors own 53.18% of the company’s stock.
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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