Needham analyst Scott Berg assigned a Buy rating to SharpSpring (SHSP) today and set a price target of $25.00. The company’s shares closed last Friday at $16.92, close to its 52-week high of $18.30.
According to TipRanks.com, Berg is a top 25 analyst with an average return of 31.6% and a 75.5% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, BigCommerce Holdings, and Cornerstone Ondemand.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for SharpSpring with a $19.50 average price target.
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The company has a one-year high of $18.30 and a one-year low of $4.50. Currently, SharpSpring has an average volume of 82.81K.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SHSP in relation to earlier this year.
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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. The company was founded by Richard A. Carlson and Travis Whitton on October 14, 1998 and is headquartered in Gainesville, FL.
