Equities researchers at National Securities started coverage on shares of Shotspotter (NASDAQ:SSTI) in a research report issued on Sunday. The brokerage set a “buy” rating and a $38.09 price target on the stock. National Securities’ target price points to a potential upside of 8.70% from the company’s current price.

SSTI has been the topic of a number of other research reports. BidaskClub lowered shares of Shotspotter from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. William Blair assumed coverage on shares of Shotspotter in a research report on Wednesday, September 26th. They set an “outperform” rating on the stock. Roth Capital increased their target price on shares of Shotspotter from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, October 5th. JMP Securities increased their target price on shares of Shotspotter from $50.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, October 8th. Finally, Imperial Capital upgraded shares of Shotspotter from an “in-line” rating to an “outperform” rating and decreased their target price for the stock from $54.00 to $49.00 in a research report on Monday, November 19th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $45.39.

Shares of NASDAQ:SSTI traded down $1.16 on Friday, reaching $35.04. 66,320 shares of the company’s stock were exchanged, compared to its average volume of 182,671. Shotspotter has a twelve month low of $13.50 and a twelve month high of $66.14. The firm has a market cap of $379.20 million, a PE ratio of -61.47 and a beta of 2.04.

Shotspotter (NASDAQ:SSTI) last announced its earnings results on Tuesday, November 13th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.09). Shotspotter had a negative return on equity of 37.42% and a negative net margin of 17.52%. The business had revenue of $9.21 million for the quarter, compared to analyst estimates of $8.99 million. During the same quarter in the previous year, the company earned ($0.12) EPS. The business’s revenue for the quarter was up 34.5% on a year-over-year basis. Analysts forecast that Shotspotter will post -0.23 earnings per share for the current fiscal year.

In related news, Director Thomas T. Groos sold 112,000 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $32.41, for a total transaction of $3,629,920.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Gary M. Lauder sold 27,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $59.34, for a total transaction of $1,602,180.00. The disclosure for this sale can be found here. Insiders have sold a total of 140,911 shares of company stock worth $5,288,111 in the last quarter. 36.10% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its position in shares of Shotspotter by 16.4% during the 3rd quarter. Wells Fargo & Company MN now owns 13,136 shares of the company’s stock worth $805,000 after acquiring an additional 1,853 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in shares of Shotspotter by 55.1% during the 3rd quarter. MetLife Investment Advisors LLC now owns 5,590 shares of the company’s stock worth $343,000 after acquiring an additional 1,987 shares in the last quarter. Reynders McVeigh Capital Management LLC acquired a new stake in shares of Shotspotter during the 3rd quarter worth approximately $213,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Shotspotter during the 3rd quarter worth approximately $215,000. Finally, LPL Financial LLC acquired a new stake in shares of Shotspotter during the 3rd quarter worth approximately $219,000. Institutional investors and hedge funds own 55.34% of the company’s stock.

About Shotspotter

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.

Further Reading: Depreciation

Analyst Recommendations for Shotspotter (NASDAQ:SSTI)

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