Shotspotter (SSTI) Cut to “Neutral” at Dougherty & Co

Dougherty & Co downgraded shares of Shotspotter (NASDAQ:SSTI) from a buy rating to a neutral rating in a research report report published on Friday morning, Briefing.com Automated Import reports.

SSTI has been the topic of several other research reports. B. Riley raised their target price on shares of Shotspotter to $59.00 and gave the stock a buy rating in a report on Wednesday, February 20th. BidaskClub cut shares of Shotspotter from a strong-buy rating to a buy rating in a report on Thursday, March 14th. National Securities cut shares of Shotspotter from a buy rating to a neutral rating in a report on Wednesday, February 6th. Robert W. Baird raised their target price on shares of Shotspotter from $41.00 to $58.00 and gave the stock a positive rating in a report on Wednesday, February 20th. Finally, Zacks Investment Research cut shares of Shotspotter from a buy rating to a hold rating in a report on Wednesday, April 24th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Shotspotter currently has an average rating of Buy and an average price target of $50.64.

Shares of Shotspotter stock opened at $43.58 on Friday. Shotspotter has a 52-week low of $26.55 and a 52-week high of $66.14. The company has a market capitalization of $620.95 million, a PE ratio of -167.62, a PEG ratio of 11.19 and a beta of 3.01.



Shotspotter (NASDAQ:SSTI) last issued its earnings results on Thursday, May 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). Shotspotter had a negative net margin of 4.99% and a negative return on equity of 11.37%. The firm had revenue of $9.59 million for the quarter, compared to analysts’ expectations of $9.77 million. During the same quarter last year, the business earned ($0.12) earnings per share. The business’s revenue was up 38.8% on a year-over-year basis. On average, research analysts forecast that Shotspotter will post 0.14 EPS for the current fiscal year.

In related news, CFO Alan R. Stewart sold 14,000 shares of Shotspotter stock in a transaction on Friday, March 8th. The shares were sold at an average price of $44.99, for a total value of $629,860.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Robert Samuel Klepper sold 746 shares of Shotspotter stock in a transaction on Monday, March 11th. The shares were sold at an average price of $45.45, for a total transaction of $33,905.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,922 shares of company stock worth $5,579,359. 36.10% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA bought a new stake in Shotspotter in the first quarter valued at $59,000. Neuburgh Advisers LLC boosted its holdings in shares of Shotspotter by 537.5% during the 1st quarter. Neuburgh Advisers LLC now owns 1,632 shares of the company’s stock valued at $63,000 after buying an additional 1,376 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Shotspotter by 356.7% during the 4th 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 holdings in shares of Shotspotter by 96.3% during the 4th 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, Bank of America Corp DE boosted its holdings 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 valued at $204,000 after buying an additional 4,699 shares in the last quarter. Institutional investors and hedge funds own 55.91% 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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