Shotspotter (NASDAQ:SSTI) was downgraded by Northland Securities from an “outperform” rating to a “market perform” rating in a report released on Monday, MarketBeat Ratings reports. They currently have a $47.00 target price on the stock, down from their prior target price of $60.00. Northland Securities’ price target suggests a potential upside of 19.17% from the company’s previous close.
A number of other research firms also recently weighed in on SSTI. B. Riley set a $59.00 price target on Shotspotter and gave the stock a “buy” rating in a research note on Thursday, March 28th. Dougherty & Co lowered Shotspotter from a “buy” rating to a “neutral” rating in a report on Friday, May 10th. BidaskClub lowered Xperi from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 19th. Zacks Investment Research lowered Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Finally, Lake Street Capital set a $50.00 price objective on Shotspotter and gave the company a “buy” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $52.23.
SSTI opened at $39.44 on Monday. Shotspotter has a fifty-two week low of $26.55 and a fifty-two week high of $66.14. The business’s 50-day moving average price is $43.66. The stock has a market cap of $460.70 million, a P/E ratio of -151.69, a PEG ratio of 13.49 and a beta of 2.55.
In other news, Director Pascal Levensohn sold 2,500 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $42.08, for a total transaction of $105,200.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Alan R. Stewart sold 2,029 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $46.87, for a total value of $95,099.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,684 shares of company stock worth $3,735,644. 36.10% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA acquired a new stake in Shotspotter in the 1st quarter valued at approximately $59,000. Metropolitan Life Insurance Co. NY grew its holdings in Shotspotter by 356.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,544 shares of the company’s stock valued at $79,000 after buying an additional 1,987 shares during the last quarter. Marshall Wace LLP acquired a new stake in Shotspotter in the 1st quarter valued at approximately $110,000. Barclays PLC grew its holdings in Shotspotter by 96.3% in the 4th quarter. Barclays PLC now owns 5,517 shares of the company’s stock valued at $172,000 after buying an additional 2,706 shares during the last quarter. Finally, Moreno Evelyn V acquired a new stake in Shotspotter in the 1st quarter valued at approximately $223,000. 62.67% of the stock is currently owned by hedge funds and other institutional investors.
ShotSpotter, Inc provides precision-policing and security solutions for law enforcement and security personnel in the United States and South Africa. Its solutions include ShotSpotter Flex, 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 Missions, a cloud-based patrol management solution to help police departments plan patrol missions and tactics for crime deterrence.
Read More: Understanding Analyst Ratings
Receive News & Ratings for Shotspotter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shotspotter and related companies with MarketBeat.com's FREE daily email newsletter.