Somewhat Positive Media Coverage Somewhat Unlikely to Impact Shotspotter (SSTI) Share Price

Press coverage about Shotspotter (NASDAQ:SSTI) has trended somewhat positive on Friday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Shotspotter earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.8047922525327 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Shotspotter (NASDAQ SSTI) traded up $0.16 on Friday, hitting $14.17. 66,500 shares of the company traded hands, compared to its average volume of 103,315. Shotspotter has a fifty-two week low of $9.33 and a fifty-two week high of $20.15.

Shotspotter (NASDAQ:SSTI) last announced its quarterly earnings data on Tuesday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.02. The firm had revenue of $6.80 million for the quarter, compared to analysts’ expectations of $5.66 million. The business’s quarterly revenue was up 70.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.96) EPS. research analysts forecast that Shotspotter will post -0.6 EPS for the current fiscal year.

SSTI has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Shotspotter from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Saturday, September 9th. Roth Capital upped their price objective on shares of Shotspotter from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Imperial Capital set a $20.00 price objective on shares of Shotspotter and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, Northland Securities reissued a “buy” rating and set a $20.00 price objective on shares of Shotspotter in a research note on Friday, November 10th.

In related news, insider Ralph A. Clark purchased 2,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were bought at an average price of $14.27 per share, with a total value of $28,540.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Alan R. Stewart purchased 3,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were bought at an average cost of $13.53 per share, for a total transaction of $40,590.00. The disclosure for this purchase can be found here.

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About Shotspotter

ShotSpotter, Inc is engaged in designing and delivering gunfire alert and analysis solutions. The Company offers its software solutions on a SaaS-based subscription model. It has one operating segment with one business activity, providing gunshot detection systems. Its safety solutions include ShotSpotter Flex, ShotSpotter (SST) SecureCampus and ShotSpotter SiteSecure.

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