Other analysts have also issued research reports about the stock. JMP Securities set a $40.00 target price on shares of Shotspotter and gave the stock a buy rating in a research note on Wednesday, September 4th. Northland Securities reiterated a hold rating and issued a $40.00 target price on shares of Shotspotter in a research note on Wednesday, August 7th. Lake Street Capital reduced their target price on shares of Shotspotter from $50.00 to $40.00 and set a buy rating for the company in a research note on Wednesday, August 7th. TheStreet lowered shares of Shotspotter from a c- rating to a d+ rating in a research note on Wednesday, August 7th. Finally, William Blair reiterated a market perform rating on shares of Shotspotter in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Shotspotter presently has an average rating of Hold and a consensus target price of $48.57.
Shares of NASDAQ SSTI traded down $0.66 during trading on Thursday, hitting $27.86. The stock had a trading volume of 10,921 shares, compared to its average volume of 150,186. Shotspotter has a 12 month low of $25.33 and a 12 month high of $66.14. The company has a market capitalization of $315.07 million, a PE ratio of -106.23 and a beta of 2.68. The firm has a fifty day moving average of $31.00 and a two-hundred day moving average of $41.46.
In related news, VP Joseph O. Hawkins sold 1,911 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $29.01, for a total transaction of $55,438.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.40% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of SSTI. Bank of America Corp DE grew its position in Shotspotter by 255.2% during the fourth 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 during the period. Deutsche Bank AG grew its position in Shotspotter by 74.7% during the fourth quarter. Deutsche Bank AG now owns 25,656 shares of the company’s stock valued at $799,000 after buying an additional 10,970 shares during the period. BNP Paribas Arbitrage SA bought a new position in Shotspotter during the first quarter valued at about $59,000. Sigma Planning Corp bought a new position in Shotspotter during the first quarter valued at about $273,000. Finally, State Board of Administration of Florida Retirement System bought a new position in Shotspotter during the first quarter valued at about $455,000. Institutional investors own 73.43% of the company’s stock.
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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