ShotSpotter Inc. (SSTI) Upgraded at Zacks Investment Research
ShotSpotter Inc. (NASDAQ:SSTI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday. The firm presently has a $13.00 price target on the stock. Zacks Investment Research‘s price target indicates a potential upside of 11.11% from the stock’s previous close.
According to Zacks, “ShotSpotter, Inc. is involved in designing and delivering gunfire alert and analysis solutions. The Company’s product consists of ShotSpotter Flex, ShotSpotter SiteSecure and SecureCampus. It operates primarily in United States, Puerto Rico, the U.S. Virgin Islands and South Africa. ShotSpotter, Inc. is headquartered in California, USA. “
Several other brokerages also recently issued reports on SSTI. Roth Capital assumed coverage on ShotSpotter in a report on Monday, July 10th. They set a “buy” rating and a $18.00 price target for the company. Northland Securities assumed coverage on ShotSpotter in a report on Monday, July 3rd. They set an “outperform” rating and a $16.00 price target for the company. Finally, Imperial Capital assumed coverage on ShotSpotter in a report on Thursday, July 27th. They set an “outperform” rating and a $16.00 price target for the company.
ShotSpotter (NASDAQ SSTI) opened at 11.70 on Friday. The company has a 50 day moving average of $11.40 and a 200 day moving average of $12.53. The company’s market capitalization is $112.37 million. ShotSpotter has a 1-year low of $9.33 and a 1-year high of $15.36.
ShotSpotter (NASDAQ:SSTI) last announced its quarterly earnings results on Tuesday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.03). The company had revenue of $5.84 million during the quarter, compared to analyst estimates of $5.07 million. During the same period in the prior year, the business earned ($1.44) EPS. The company’s quarterly revenue was up 48.2% compared to the same quarter last year. On average, analysts predict that ShotSpotter will post ($0.60) earnings per share for the current fiscal year.
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Institutional investors have recently made changes to their positions in the stock. K.J. Harrison & Partners Inc bought a new stake in ShotSpotter during the second quarter worth $128,000. Goldman Sachs Group Inc. bought a new position in ShotSpotter in the 2nd quarter valued at $181,000. Spark Investment Management LLC bought a new position in ShotSpotter in the 2nd quarter valued at $231,000. Timpani Capital Management LLC bought a new position in ShotSpotter in the 2nd quarter valued at $885,000. Finally, Trellus Management Company LLC bought a new position in ShotSpotter in the 2nd quarter valued at $1,112,000. Institutional investors and hedge funds own 21.52% of the company’s stock.
ShotSpotter Company Profile
ShotSpotter, Inc is engaged in designing and delivering gunfire alert and analysis solutions. The Company offers its software solutions on a SaaS-based subscription model. It has one operating segment with one business activity, providing gunshot detection systems. Its safety solutions include ShotSpotter Flex, ShotSpotter (SST) SecureCampus and ShotSpotter SiteSecure.
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