ShotSpotter, Inc. (NASDAQ:SSTI) Receives Average Rating of “Buy” from Brokerages

ShotSpotter, Inc. (NASDAQ:SSTI – Get Rating) has earned a consensus rating of “Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $45.75.

SSTI has been the topic of a number of recent research reports. Zacks Investment Research upgraded ShotSpotter from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Lake Street Capital dropped their target price on ShotSpotter from $42.00 to $29.00 in a research report on Wednesday, February 23rd.

In related news, Director Randall Hawks acquired 6,695 shares of the stock in a transaction on Wednesday, March 9th. The shares were acquired at an average price of $29.82 per share, for a total transaction of $199,644.90. The purchase was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders sold 847 shares of company stock worth $23,068. Insiders own 10.60% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Rice Hall James & Associates LLC lifted its position in shares of ShotSpotter by 3.2% during the 1st quarter. Rice Hall James & Associates LLC now owns 51,248 shares of the company’s stock valued at $1,421,000 after buying an additional 1,583 shares in the last quarter. Barclays PLC lifted its position in shares of ShotSpotter by 196.9% during the 4th quarter. Barclays PLC now owns 10,286 shares of the company’s stock valued at $303,000 after buying an additional 6,821 shares in the last quarter. BlackRock Inc. lifted its position in shares of ShotSpotter by 1.4% during the 4th quarter. BlackRock Inc. now owns 559,011 shares of the company’s stock valued at $16,503,000 after buying an additional 7,468 shares in the last quarter. EFG Asset Management North America Corp. purchased a new position in shares of ShotSpotter during the 4th quarter valued at approximately $896,000. Finally, Select Equity Group L.P. lifted its position in shares of ShotSpotter by 24.1% during the 4th quarter. Select Equity Group L.P. now owns 58,466 shares of the company’s stock valued at $1,726,000 after buying an additional 11,336 shares in the last quarter. Hedge funds and other institutional investors own 59.20% of the company’s stock.

SSTI opened at $26.40 on Friday. ShotSpotter has a 52-week low of $22.63 and a 52-week high of $51.50. The company has a market cap of $320.50 million, a P/E ratio of -71.35 and a beta of 1.24. The firm’s 50-day moving average price is $27.96 and its 200-day moving average price is $30.04.

ShotSpotter (NASDAQ:SSTI – Get Rating) last issued its earnings results on Tuesday, February 22nd. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.13). The firm had revenue of $13.97 million during the quarter, compared to analysts’ expectations of $16.03 million. ShotSpotter had a negative net margin of 7.62% and a negative return on equity of 6.92%. On average, research analysts expect that ShotSpotter will post -0.03 EPS for the current fiscal year.

ShotSpotter Company Profile (Get Rating)

ShotSpotter, Inc provides precision-policing and security solutions for law enforcement and security personnel in the United States, South Africa, and the Bahamas. Its solutions include ShotSpotter Respond, 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 Connect, a patrol management software to help plan directed patrols and tactics to deter a broad set of crime types.

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