SharpSpring Inc (NASDAQ:SHSP) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 746,400 shares, an increase of 11.1% from the December 15th total of 671,600 shares. Currently, 11.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 54,000 shares, the days-to-cover ratio is currently 13.8 days.
A number of equities analysts recently weighed in on the company. ValuEngine raised SharpSpring from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of SharpSpring from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, November 27th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $16.71.
In related news, major shareholder Cat Rock Capital Management Lp sold 8,233 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $10.02, for a total value of $82,494.66. In the last 90 days, insiders have sold 13,699 shares of company stock worth $132,528. Corporate insiders own 25.55% of the company’s stock.
Shares of NASDAQ SHSP traded up $0.34 during midday trading on Thursday, reaching $11.48. The company had a trading volume of 2,610 shares, compared to its average volume of 51,188. SharpSpring has a one year low of $8.10 and a one year high of $21.10. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average price is $11.04 and its 200-day moving average price is $10.73. The stock has a market cap of $129.34 million, a PE ratio of -10.38 and a beta of 1.05.
SharpSpring (NASDAQ:SHSP) last released its earnings results on Thursday, November 7th. The technology company reported ($0.23) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.23). SharpSpring had a negative return on equity of 44.29% and a negative net margin of 54.83%. The company had revenue of $5.72 million during the quarter, compared to analyst estimates of $5.71 million. As a group, equities research analysts expect that SharpSpring will post -1.18 EPS for the current year.
SharpSpring Company Profile
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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