SharpSpring (SHSP) Set to Announce Earnings on Thursday

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SharpSpring (NASDAQ:SHSP) is scheduled to announce its earnings results after the market closes on Thursday, May 9th.

SharpSpring (NASDAQ:SHSP) last announced its quarterly earnings data on Wednesday, February 27th. The technology company reported ($0.26) earnings per share for the quarter. SharpSpring had a negative return on equity of 61.40% and a negative net margin of 50.82%. The firm had revenue of $5.15 million during the quarter.

SHSP traded down $0.38 during trading hours on Tuesday, hitting $19.24. The stock had a trading volume of 13,293 shares, compared to its average volume of 47,587. SharpSpring has a 1 year low of $6.60 and a 1 year high of $21.10. The company has a debt-to-equity ratio of 0.67, a current ratio of 4.26 and a quick ratio of 4.26.

In related news, major shareholder Cat Rock Capital Management Lp bought 76,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was acquired at an average price of $13.00 per share, for a total transaction of $988,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 28.34% of the stock is owned by company insiders.

A hedge fund recently raised its stake in SharpSpring stock. Geode Capital Management LLC boosted its stake in SharpSpring Inc (NASDAQ:SHSP) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,691 shares of the technology company’s stock after purchasing an additional 742 shares during the quarter. Geode Capital Management LLC owned approximately 0.19% of SharpSpring worth $212,000 as of its most recent filing with the Securities & Exchange Commission. 50.58% of the stock is currently owned by institutional investors.

Several equities research analysts recently weighed in on SHSP shares. Canaccord Genuity started coverage on SharpSpring in a report on Monday, April 1st. They issued a “buy” rating for the company. Lake Street Capital lifted their price objective on SharpSpring to $17.00 and gave the stock a “buy” rating in a report on Thursday, February 28th.

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About SharpSpring

SharpSpring, Inc operates as a cloud-based marketing technology company worldwide. The company offers SharpSpring, a marketing automation solution for small and mid-size businesses. It markets and sells its products and services through sales teams and third party resellers. The company was formerly known as SMTP, Inc and changed its name to SharpSpring, Inc in December 2015.

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Earnings History for SharpSpring (NASDAQ:SHSP)

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