Shotspotter (NASDAQ:SSTI) Cut to “Market Perform” at Northland Securities

Share on StockTwits

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.

Shotspotter (NASDAQ:SSTI) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.03) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.03). Shotspotter had a negative return on equity of 9.63% and a negative net margin of 4.99%. The company had revenue of $9.59 million during the quarter, compared to the consensus estimate of $9.77 million. During the same period last year, the business earned ($0.12) EPS. The business’s quarterly revenue was up 38.8% on a year-over-year basis. Sell-side analysts predict that Shotspotter will post 0.09 earnings per share for the current year.

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.

About Shotspotter

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

Analyst Recommendations for Shotspotter (NASDAQ:SSTI)

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.



Latest News

Ahrens Investment Partners LLC Increases Stake in Superior Energy Services, Inc.
Ahrens Investment Partners LLC Increases Stake in Superior Energy Services, Inc.
Marco Taglietti Purchases 10,015 Shares of SCYNEXIS Inc  Stock
Marco Taglietti Purchases 10,015 Shares of SCYNEXIS Inc Stock
Insider Buying: Gen III Oil Corp  Director Buys 35,500 Shares of Stock
Insider Buying: Gen III Oil Corp Director Buys 35,500 Shares of Stock
Insider Buying: Rogers Sugar Inc  Senior Officer Purchases 2,000 Shares of Stock
Insider Buying: Rogers Sugar Inc Senior Officer Purchases 2,000 Shares of Stock
Yangaroo Inc  Insider Buys C$11,000.00 in Stock
Yangaroo Inc Insider Buys C$11,000.00 in Stock
Christopher Ross Anderson Purchases 32,000 Shares of Great Atlantic Resources Corp  Stock
Christopher Ross Anderson Purchases 32,000 Shares of Great Atlantic Resources Corp Stock


© 2006-2019 Ticker Report