National Securities Corp analyst Ilya Grozovsky initiated coverage with a Buy rating on SharpSpring Inc (SHSP) today and set a price target of $20. The company’s shares closed yesterday at $14.81.
According to TipRanks.com, Grozovsky is a 4-star analyst with an average return of 5.6% and a 50.8% success rate. Grozovsky covers the Technology sector, focusing on stocks such as Super League Gaming Inc, Mitek Systems Inc, and Digimarc Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SharpSpring Inc with a $19.67 average price target.
See today’s analyst top recommended stocks >>
Based on SharpSpring Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $2.89 million. In comparison, last year the company had a GAAP net loss of $2.05 million.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SHSP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
SharpSpring, Inc. operates as a cloud-based based marketing technology company, which engages in the provision of marketing automation delivery through a cloud-based software-as-a-service platform. Its platform offers web tracking, lead scoring and automated workflow.
