Silver Spring Networks Inc (NYSE:SSNI) Stock Sentiment Increases

September 13, 2017 - By Adrian Erickson

 Silver Spring Networks Inc (NYSE:SSNI) Stock Sentiment  Increases

Sentiment for Silver Spring Networks Inc (NYSE:SSNI)

Silver Spring Networks Inc (NYSE:SSNI) institutional sentiment increased to 1.28 in 2016 Q4. Its up 0.02, from 1.26 in 2016Q3. The ratio has improved, as 68 active investment managers started new or increased positions, while 53 decreased and sold their stock positions in Silver Spring Networks Inc. The active investment managers in our partner’s database now own: 38.33 million shares, down from 39.18 million shares in 2016Q3. Also, the number of active investment managers holding Silver Spring Networks Inc in their top 10 positions was flat from 3 to 3 for the same number . Sold All: 10 Reduced: 43 Increased: 44 New Position: 24.

Silver Spring Networks, Inc. is engaged in creating, building and deploying large-scale networks and solutions enabling the Internet of things for critical infrastructure. The company has market cap of $695.82 million. The Firm provides a networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid. It currently has negative earnings. The Company’s networking platform enables clients to communicate with devices connected to the power grid.

The stock decreased 1.37% or $0.18 during the last trading session, reaching $12.99. About shares traded. Silver Spring Networks Inc (NYSE:SSNI) has declined 21.63% since September 13, 2016 and is downtrending. It has underperformed by 38.33% the S&P500.

Foundation Capital Llc holds 36.75% of its portfolio in Silver Spring Networks Inc for 10.48 million shares. Marathon Capital Management owns 340,260 shares or 2.16% of their US portfolio. Moreover, Electron Capital Partners Llc has 1.92% invested in the company for 428,294 shares. The Massachusetts-based Essex Investment Management Co Llc has invested 1.69% in the stock. Millrace Asset Group Inc., a Pennsylvania-based fund reported 72,113 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 3 insider sales for $785,266 activity.

Silver Spring Networks Inc (NYSE:SSNI) Ratings Coverage

Ratings analysis reveals 57% of Silver Spring Networks’s analysts are positive. Out of 14 Wall Street analysts rating Silver Spring Networks, 8 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $11.5 while the high is $18. The stock’s average target of $14.06 is 8.24% above today’s ($12.99) share price. SSNI was included in 25 notes of analysts from August 6, 2015. JMP Securities initiated Silver Spring Networks Inc (NYSE:SSNI) on Friday, January 13 with “Mkt Outperform” rating. The stock of Silver Spring Networks Inc (NYSE:SSNI) has “Hold” rating given on Monday, August 14 by Canaccord Genuity. The company was initiated on Thursday, December 3 by Wunderlich. The firm has “Sector Weight” rating by Pacific Crest given on Wednesday, May 10. Oppenheimer maintained the stock with “Buy” rating in Wednesday, August 9 report. The rating was maintained by Cowen & Co on Monday, September 11 with “Buy”. The company was upgraded on Tuesday, September 8 by KeyBanc Capital Markets. The firm has “Buy” rating given on Monday, November 28 by Williams Capital Group. The company was initiated on Tuesday, November 8 by FBR Capital. The stock of Silver Spring Networks Inc (NYSE:SSNI) earned “Outperform” rating by Oppenheimer on Friday, September 11.

More notable recent Silver Spring Networks Inc (NYSE:SSNI) news were published by: Fool.com which released: “Why Silver Spring Networks Stock Fell Today” on May 10, 2017, also Seekingalpha.com with their article: “Silver Spring Networks’ (SSNI) CEO Mike Bell on Q2 2017 Results – Earnings …” published on August 09, 2017, Businesswire.com published: “Silver Spring Networks Expands Smart Metering Ecosystem Through Agreement with …” on September 06, 2017. More interesting news about Silver Spring Networks Inc (NYSE:SSNI) were released by: Zacks.com and their article: “Acuity Brands Lighting Teams Up With Silver Spring Networks” published on September 12, 2017 as well as Fool.com‘s news article titled: “Why Silver Spring Networks, Inc. Stock Plunged Today” with publication date: February 22, 2017.

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