Shotspotter (SSTI) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of Shotspotter (NASDAQ:SSTI) from a hold rating to a buy rating in a research report released on Sunday.

A number of other analysts have also recently weighed in on SSTI. William Blair initiated coverage on Shotspotter in a research report on Wednesday, September 26th. They set an outperform rating for the company. Roth Capital increased their price objective on 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 price objective on Shotspotter from $50.00 to $62.00 and gave the stock a buy rating in a research report on Monday, October 8th. Lake Street Capital set a $55.00 price target on Shotspotter and gave the company a buy rating in a report on Thursday, November 15th. Finally, Imperial Capital raised Shotspotter from an in-line rating to an outperform rating and reduced their price target for the company from $54.00 to $49.00 in a report on Monday, November 19th. Twelve research analysts have rated the stock with a buy rating, Shotspotter currently has an average rating of Buy and an average price target of $45.71.

Shotspotter stock opened at $38.13 on Friday. Shotspotter has a twelve month low of $15.51 and a twelve month high of $66.14. The company has a market cap of $409.28 million, a price-to-earnings ratio of -66.89, a P/E/G ratio of 9.82 and a beta of 2.29.

Shotspotter (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, November 13th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $9.21 million for the quarter, compared to analyst estimates of $8.99 million. During the same period in the previous year, the business posted ($0.12) earnings per share. The firm’s revenue was up 34.5% compared to the same quarter last year. Equities analysts predict that Shotspotter will post -0.26 earnings per share for the current fiscal year.

In other news, Director Thomas T. Groos sold 112,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $32.41, for a total value of $3,629,920.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Joseph O. Hawkins sold 1,911 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $29.31, for a total value of $56,011.41. The disclosure for this sale can be found here. 36.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new position in Shotspotter during the second quarter worth $137,000. Reynders McVeigh Capital Management LLC acquired a new position in Shotspotter during the third quarter worth $213,000. State Board of Administration of Florida Retirement System acquired a new position in Shotspotter during the third quarter worth $215,000. LPL Financial LLC acquired a new position in Shotspotter during the third quarter worth $219,000. Finally, Rhumbline Advisers acquired a new position in Shotspotter during the second quarter worth $237,000. 55.34% of the stock is owned by institutional investors and hedge funds.

Shotspotter Company Profile

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.

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Analyst Recommendations for Shotspotter (NASDAQ:SSTI)

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