ShotSpotter Inc. (NASDAQ:SSTI) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation.
Brokers have set a one year consensus target price of $16.67 for the company, according to Zacks. Zacks has also assigned ShotSpotter an industry rank of 108 out of 265 based on the ratings given to related companies.
Several equities analysts recently commented on SSTI shares. Zacks Investment Research raised shares of ShotSpotter from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Saturday, September 23rd. Imperial Capital started coverage on shares of ShotSpotter in a research report on Thursday, July 27th. They set an “outperform” rating and a $16.00 price target for the company. Roth Capital started coverage on shares of ShotSpotter in a research report on Monday, July 10th. They set a “buy” rating and a $18.00 price target for the company. Finally, Northland Securities assumed coverage on shares of ShotSpotter in a research report on Monday, July 3rd. They set an “outperform” rating and a $16.00 price target for the company.
Shares of ShotSpotter (NASDAQ:SSTI) traded down 1.03% on Monday, reaching $16.37. 56,577 shares of the company were exchanged. The stock has a 50 day moving average of $13.31 and a 200-day moving average of $12.90. The company’s market capitalization is $157.22 million. ShotSpotter has a 52-week low of $9.33 and a 52-week high of $19.60.
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 consensus estimate of ($0.14) by ($0.03). The business had revenue of $5.84 million for the quarter, compared to the consensus estimate of $5.07 million. During the same quarter in the previous year, the business earned ($1.44) earnings per share. ShotSpotter’s quarterly revenue was up 48.2% on a year-over-year basis. On average, analysts predict that ShotSpotter will post ($0.49) EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SSTI. Gilder Gagnon Howe & Co. LLC acquired a new stake in ShotSpotter during the 2nd quarter valued at $9,539,000. Prudential PLC bought a new position in ShotSpotter during the 2nd quarter valued at $3,837,000. Russell Investments Group Ltd. bought a new position in ShotSpotter during the 2nd quarter valued at $2,577,000. Castleark Management LLC bought a new position in ShotSpotter during the 2nd quarter valued at $2,110,000. Finally, Manatuck Hill Partners LLC bought a new position in ShotSpotter during the 2nd quarter valued at $1,663,000. 21.52% of the stock is owned by institutional investors and hedge funds.
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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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