ShotSpotter (NASDAQ:SSTI – Get Rating) had its price target hoisted by Lake Street Capital from $38.00 to $44.00 in a research note released on Thursday morning, The Fly reports. The firm currently has a buy rating on the stock.
A number of other research analysts have also commented on the stock. Robert W. Baird cut their price objective on shares of ShotSpotter from $50.00 to $45.00 in a research report on Thursday, November 10th. TheStreet raised shares of ShotSpotter from a d+ rating to a c- rating in a research report on Wednesday, October 26th.
Get ShotSpotter alerts:Shares of SSTI opened at $33.41 on Thursday. The company has a 50-day simple moving average of $35.20 and a 200-day simple moving average of $33.42. The firm has a market capitalization of $407.60 million, a P/E ratio of 65.51, a P/E/G ratio of 5.22 and a beta of 1.32. ShotSpotter has a 52 week low of $24.33 and a 52 week high of $39.28.
Several hedge funds have recently added to or reduced their stakes in SSTI. EVR Research LP raised its position in ShotSpotter by 36.4% in the third quarter. EVR Research LP now owns 600,000 shares of the company’s stock worth $17,256,000 after purchasing an additional 160,000 shares in the last quarter. Mainsail Management Company LLC acquired a new position in ShotSpotter in the fourth quarter worth about $3,787,000. Federated Hermes Inc. raised its position in ShotSpotter by 9.6% in the second quarter. Federated Hermes Inc. now owns 1,260,000 shares of the company’s stock worth $33,907,000 after purchasing an additional 110,000 shares in the last quarter. G2 Investment Partners Management LLC acquired a new stake in shares of ShotSpotter during the fourth quarter worth approximately $2,183,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of ShotSpotter during the third quarter worth approximately $1,821,000. Institutional investors and hedge funds own 61.15% of the company’s stock.
(Get Rating)
ShotSpotter, Inc provides gunshot detection solutions. It helps law enforcement officials and security personnel identify, locate, and respond to gun violence. The firm offers solutions on a SaaS-based subscription model to customers around the world. The company was founded by Robert B. Calhoun, Jason Dunham, and Robert Leroy Showen in 1996 and is headquartered in Fremont, CA.
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.
