SharpSpring, Inc. (SHSP) Downgraded by Zacks Investment Research to “Sell”

SharpSpring, Inc. (NASDAQ:SHSP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued 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 report on Friday, October 6th.

SharpSpring (NASDAQ:SHSP) opened at $4.00 on Wednesday. SharpSpring has a 1-year low of $3.07 and a 1-year high of $5.80.

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

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An institutional investor recently raised its position in SharpSpring stock. Vanguard Group Inc. increased its stake in SharpSpring, Inc. (NASDAQ:SHSP) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,334 shares of the technology company’s stock after acquiring an additional 2,354 shares during the quarter. Vanguard Group Inc. owned approximately 0.80% of SharpSpring worth $305,000 at the end of the most recent reporting period. 23.68% of the stock is currently owned by hedge funds and other institutional investors.

SharpSpring Company Profile

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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