Zacks Investment Research downgraded shares of SharpSpring, Inc. (NASDAQ:SHSP) from a hold rating to a sell rating in a research report released on Wednesday.

According to Zacks, “SharpSpring, Inc. provide cloud-based marketing and email software solutions consists of marketing automation to scalable transactional email, email marketing and mobile marketing services. The company’s product lines include SharpSpring, SMTP and GraphicMail. SharpSpring, Inc., formerly known as SMTP Inc., is based in Gainesville, United States. “

Separately, ValuEngine raised shares of SharpSpring from a strong sell rating to a sell rating in a research report on Friday, October 6th.

Shares of SharpSpring (SHSP) traded up $0.12 during mid-day trading on Wednesday, reaching $4.09. 47,660 shares of the company’s stock were exchanged, compared to its average volume of 24,635. SharpSpring has a 52-week low of $3.07 and a 52-week high of $5.80.

SharpSpring (NASDAQ:SHSP) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). SharpSpring had a negative return on equity of 27.93% and a negative net margin of 53.13%. The firm had revenue of $3.41 million during the quarter, compared to analyst estimates of $3.30 million. equities analysts expect that SharpSpring will post -0.69 earnings per share for the current fiscal year.

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A hedge fund recently bought a new stake in SharpSpring stock. AWM Investment Company Inc. acquired a new stake in shares of SharpSpring, Inc. (NASDAQ:SHSP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 530,734 shares of the technology company’s stock, valued at approximately $2,404,000. AWM Investment Company Inc. owned about 6.33% of SharpSpring as of its most recent SEC filing. Institutional investors and hedge funds own 23.68% of the company’s stock.

About SharpSpring

SharpSpring, Inc, formerly SMTP, Inc, is a cloud-based marketing technology company. The Company’s SharpSpring marketing automation platform uses features, such as Web tracking, lead scoring and automated workflow to enable businesses deliver messages to the customers. The SharpSpring marketing automation solution offers digital marketing tools to small and medium-sized businesses and is primarily sold to marketing agencies using the platform on behalf of their clients.

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