Roth Capital Raises ShotSpotter Inc. (SSTI) Price Target to $23.00
ShotSpotter Inc. (NASDAQ:SSTI) had its target price boosted by Roth Capital from $18.00 to $23.00 in a research note issued to investors on Wednesday. The firm currently has a buy rating on the stock.
A number of other research firms also recently commented on SSTI. Zacks Investment Research upgraded ShotSpotter from a hold rating to a buy rating and set a $13.00 price objective on the stock in a report on Saturday, September 23rd. Imperial Capital started coverage on ShotSpotter in a report on Thursday, July 27th. They issued an outperform rating and a $16.00 price objective on the stock.
ShotSpotter (SSTI) traded down $0.09 during midday trading on Wednesday, reaching $19.56. The company had a trading volume of 63,600 shares, compared to its average volume of 85,455. ShotSpotter has a 1 year low of $9.33 and a 1 year high of $20.15. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.66.
ShotSpotter (NASDAQ:SSTI) last released its earnings results on Tuesday, November 7th. The company reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. The business had revenue of $6.80 million for the quarter, compared to analysts’ expectations of $5.66 million. The business’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.96) earnings per share. equities analysts anticipate that ShotSpotter will post -0.6 EPS for the current year.
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Several institutional investors have recently added to or reduced their stakes in the company. Archon Capital Management LLC purchased a new position in shares of ShotSpotter in the 3rd quarter worth about $227,000. Russell Investments Group Ltd. grew its stake in shares of ShotSpotter by 2.4% in the third quarter. Russell Investments Group Ltd. now owns 206,412 shares of the company’s stock valued at $2,776,000 after buying an additional 4,931 shares in the last quarter. Trellus Management Company LLC grew its stake in shares of ShotSpotter by 5.8% in the third quarter. Trellus Management Company LLC now owns 91,910 shares of the company’s stock valued at $1,236,000 after buying an additional 5,000 shares in the last quarter. Castleark Management LLC acquired a new stake in shares of ShotSpotter in the second quarter valued at about $2,110,000. Finally, Prudential PLC acquired a new stake in shares of ShotSpotter in the second quarter valued at about $3,837,000. Institutional investors own 21.89% of the company’s stock.
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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