Brokerages Set Shotspotter Inc (SSTI) Target Price at $45.39

Shares of Shotspotter Inc (NASDAQ:SSTI) have been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $45.39.

Several equities analysts have weighed in on SSTI shares. BidaskClub upgraded shares of Shotspotter from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Lake Street Capital set a $55.00 price objective on shares of Shotspotter and gave the stock a “buy” rating in a research report on Thursday, November 15th. Imperial Capital upgraded shares of Shotspotter from an “in-line” rating to an “outperform” rating and lowered their price objective for the stock from $54.00 to $49.00 in a research report on Monday, November 19th. JMP Securities lowered their price objective on shares of Shotspotter from $62.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. Finally, National Securities started coverage on shares of Shotspotter in a research report on Monday, December 3rd. They set a “buy” rating and a $38.09 price objective on the stock.

In other Shotspotter news, major shareholder Gary M. Lauder sold 27,000 shares of Shotspotter stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $59.34, for a total transaction of $1,602,180.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas T. Groos sold 112,000 shares of Shotspotter stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 140,911 shares of company stock valued at $5,288,111 in the last three months. Company insiders own 36.10% of the company’s stock.

Several large investors have recently modified their holdings of the business. Wells Fargo & Company MN boosted its stake 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 valued at $805,000 after buying an additional 1,853 shares during the period. MetLife Investment Advisors LLC lifted its stake in shares of Shotspotter by 55.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 5,590 shares of the company’s stock valued at $343,000 after purchasing an additional 1,987 shares during the last quarter. Reynders McVeigh Capital Management LLC acquired a new stake in shares of Shotspotter in the 3rd quarter valued at $213,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Shotspotter in the 3rd quarter valued at $215,000. Finally, LPL Financial LLC acquired a new stake in shares of Shotspotter in the 3rd quarter valued at $219,000. 55.34% of the stock is owned by institutional investors.

NASDAQ SSTI opened at $35.04 on Wednesday. Shotspotter has a twelve month low of $13.50 and a twelve month high of $66.14. The company has a market cap of $391.75 million, a price-to-earnings ratio of -61.47 and a beta of 2.04.

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 the 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 firm had revenue of $9.21 million for the quarter, compared to analysts’ expectations of $8.99 million. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. The company’s revenue for the quarter was up 34.5% on a year-over-year basis. As a group, equities analysts anticipate that Shotspotter will post -0.23 earnings per share for the current year.

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.

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Analyst Recommendations for Shotspotter (NASDAQ:SSTI)

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