Shotspotter Inc (NASDAQ:SSTI) has earned an average rating of “Buy” from the nine research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $44.86.
SSTI has been the subject of several analyst reports. BidaskClub raised shares of Shotspotter from a “sell” rating to a “hold” rating in a research note on Saturday. Roth Capital increased their price target on shares of Shotspotter to $60.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Imperial Capital set a $50.00 price target on shares of Shotspotter and gave the company a “buy” rating in a research note on Monday, August 6th. Finally, JMP Securities increased their price target on shares of Shotspotter from $50.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, October 8th.
In other news, VP Joseph O. Hawkins sold 1,911 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $39.80, for a total value of $76,057.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Gary M. Lauder sold 15,470 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $40.00, for a total transaction of $618,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 65,829 shares of company stock valued at $3,214,583. Corporate insiders own 36.10% of the company’s stock.
Several hedge funds have recently modified their holdings of SSTI. Northern Trust Corp acquired a new position in shares of Shotspotter in the 1st quarter worth approximately $204,000. UBS Group AG lifted its holdings in shares of Shotspotter by 65.7% in the 1st quarter. UBS Group AG now owns 18,222 shares of the company’s stock worth $483,000 after acquiring an additional 7,222 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Shotspotter in the 1st quarter worth approximately $678,000. Moreno Evelyn V acquired a new position in shares of Shotspotter in the 2nd quarter worth approximately $220,000. Finally, Taylor Wealth Management Partners lifted its holdings in shares of Shotspotter by 35.1% in the 2nd quarter. Taylor Wealth Management Partners now owns 123,650 shares of the company’s stock worth $4,690,000 after acquiring an additional 32,145 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.
Shotspotter stock opened at $40.63 on Friday. Shotspotter has a 1-year low of $12.56 and a 1-year high of $66.14. The company has a market capitalization of $424.86 million, a PE ratio of -71.28 and a beta of 2.14.
ShotSpotter, Inc provides software-as-a-service based gunshot detection solutions for law enforcement officials and security personnel in the United States, South Africa, and internationally. The company's solutions include ShotSpotter Flex, an outdoor public safety solution for cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and SST SecureCampus that helps the law enforcement and security personnel serving universities, colleges, and other educational institutions to mitigate risk and enhance security by notifying authorities and first responders of an active-shooter.
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