Shotspotter (NASDAQ:SSTI) Upgraded to “Sell” by BidaskClub

BidaskClub upgraded shares of Shotspotter (NASDAQ:SSTI) from a strong sell rating to a sell rating in a research report sent to investors on Thursday morning, BidAskClub reports.

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.



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

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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