SharpSpring Inc (NASDAQ:SHSP) has received an average recommendation of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $17.33.
A number of equities research analysts recently commented on the stock. Craig Hallum raised shares of SharpSpring from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Monday, June 24th. National Securities reissued a “buy” rating and issued a $18.00 price objective on shares of SharpSpring in a research note on Wednesday, August 7th. Roth Capital reduced their target price on shares of SharpSpring from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Canaccord Genuity reduced their target price on shares of SharpSpring from $22.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, Stephens upgraded shares of SharpSpring from an “equal” rating to an “overweight” rating and upped their target price for the company from $11.00 to $13.00 in a report on Thursday, August 8th.
NASDAQ SHSP traded down $0.07 during trading hours on Friday, reaching $11.87. The company’s stock had a trading volume of 52,412 shares, compared to its average volume of 65,707. SharpSpring has a fifty-two week low of $8.48 and a fifty-two week high of $21.10. The company’s 50-day moving average is $10.82 and its two-hundred day moving average is $14.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.30 and a quick ratio of 6.30.
In other SharpSpring news, insider North Peak Capital Management, sold 291,494 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $12.25, for a total value of $3,570,801.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel Allen sold 1,763,454 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $12.25, for a total transaction of $21,602,311.50. The disclosure for this sale can be found here. 25.55% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in SHSP. S Squared Technology LLC purchased a new position in shares of SharpSpring during the 2nd quarter worth about $1,376,000. Monashee Investment Management LLC purchased a new position in shares of SharpSpring during the 2nd quarter worth about $296,000. Wasatch Advisors Inc. lifted its holdings in shares of SharpSpring by 60.4% during the 2nd quarter. Wasatch Advisors Inc. now owns 519,088 shares of the technology company’s stock worth $6,743,000 after acquiring an additional 195,534 shares during the period. Granite Investment Partners LLC lifted its holdings in shares of SharpSpring by 87.8% during the 1st quarter. Granite Investment Partners LLC now owns 206,418 shares of the technology company’s stock worth $3,307,000 after acquiring an additional 96,478 shares during the period. Finally, Brasada Capital Management LP lifted its holdings in shares of SharpSpring by 68.0% during the 2nd quarter. Brasada Capital Management LP now owns 121,800 shares of the technology company’s stock worth $1,606,000 after acquiring an additional 49,300 shares during the period. Institutional investors own 50.08% of the company’s stock.
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.
Featured Story: Why do commodities matter?
Receive News & Ratings for SharpSpring Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SharpSpring and related companies with MarketBeat.com's FREE daily email newsletter.