David A. Buckel Buys 1,000 Shares of SharpSpring Inc (NASDAQ:SHSP) Stock

SharpSpring Inc (NASDAQ:SHSP) Director David A. Buckel bought 1,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was acquired at an average price of $12.80 per share, for a total transaction of $12,800.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

NASDAQ:SHSP opened at $11.60 on Thursday. The stock’s 50 day moving average price is $10.82 and its 200 day moving average price is $14.64. SharpSpring Inc has a 52 week low of $8.48 and a 52 week high of $21.10. The company has a market capitalization of $117.89 million, a P/E ratio of -10.45 and a beta of 1.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 6.30 and a current ratio of 6.30.

A number of equities analysts have recently weighed in on the company. Canaccord Genuity dropped their target price on SharpSpring from $22.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Roth Capital dropped their target price on SharpSpring from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Craig Hallum upgraded SharpSpring from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, June 24th. National Securities reiterated a “buy” rating and issued a $18.00 target price on shares of SharpSpring in a report on Wednesday, August 7th. Finally, Stephens upgraded 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. Seven investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $17.33.

A number of large investors have recently added to or reduced their stakes in SHSP. Strs Ohio acquired a new position in SharpSpring in the second quarter worth approximately $29,000. JPMorgan Chase & Co. acquired a new position in SharpSpring in the second quarter worth approximately $30,000. Wells Fargo & Company MN increased its holdings in SharpSpring by 47.0% in the second quarter. Wells Fargo & Company MN now owns 7,205 shares of the technology company’s stock worth $93,000 after buying an additional 2,302 shares during the last quarter. Centaurus Financial Inc. acquired a new position in SharpSpring in the first quarter worth approximately $107,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in SharpSpring in the second quarter worth approximately $135,000. Hedge funds and other institutional investors own 41.24% of the company’s stock.

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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