SharpSpring, Inc. (NASDAQ:SHSP) Given Average Rating of “Buy” by Brokerages


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Shares of SharpSpring, Inc. (NASDAQ:SHSP) have received a consensus rating of “Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $21.00.

Several analysts have recently weighed in on SHSP shares. Needham & Company LLC started coverage on shares of SharpSpring in a research report on Monday, December 21st. They set a “buy” rating and a $25.00 price objective for the company. Zacks Investment Research upgraded shares of SharpSpring from a “sell” rating to a “hold” rating in a research report on Friday, February 12th. Canaccord Genuity boosted their price objective on shares of SharpSpring from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, March 17th. Craig Hallum restated a “hold” rating on shares of SharpSpring in a research report on Tuesday, March 23rd. Finally, Lake Street Capital boosted their price objective on shares of SharpSpring from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, March 17th.

A number of hedge funds have recently added to or reduced their stakes in SHSP. Must Asset Management Inc. purchased a new stake in SharpSpring in the 4th quarter valued at $4,044,000. Titan Global Capital Management USA LLC purchased a new stake in SharpSpring in the 4th quarter valued at $3,118,000. Washington Harbour Partners LP purchased a new stake in SharpSpring in the 4th quarter valued at $2,759,000. Royce & Associates LP raised its position in SharpSpring by 121.9% in the 4th quarter. Royce & Associates LP now owns 269,800 shares of the technology company’s stock valued at $4,392,000 after purchasing an additional 148,200 shares during the last quarter. Finally, Perkins Capital Management Inc. purchased a new stake in SharpSpring in the 4th quarter valued at $1,715,000. Hedge funds and other institutional investors own 58.67% of the company’s stock.

SharpSpring stock traded down $0.44 during trading on Friday, reaching $16.34. The stock had a trading volume of 97,654 shares, compared to its average volume of 201,309. SharpSpring has a 52-week low of $5.76 and a 52-week high of $26.78. The business has a 50 day moving average price of $18.11 and a 200 day moving average price of $16.75. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.05. The stock has a market cap of $209.46 million, a PE ratio of -30.26 and a beta of 1.75.

SharpSpring (NASDAQ:SHSP) last issued its quarterly earnings results on Monday, March 15th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. SharpSpring had a negative net margin of 22.44% and a negative return on equity of 22.41%. The company had revenue of $7.66 million during the quarter. On average, equities analysts predict that SharpSpring will post -0.43 EPS for the current fiscal year.

About SharpSpring

SharpSpring, Inc operates as a cloud-based marketing technology company worldwide. The company offers SharpSpring, a marketing automation Software as Service platform that uses features, such as web tracking, lead scoring, and automated workflow; and SharpSpring Mail+ product, a subset of the full suite solution, which focuses on traditional email marketing.

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Analyst Recommendations for SharpSpring (NASDAQ:SHSP)

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