Wall Street analysts expect Shotspotter Inc (NASDAQ:SSTI) to announce sales of $8.93 million for the current quarter, according to Zacks. Three analysts have provided estimates for Shotspotter’s earnings, with the highest sales estimate coming in at $8.97 million and the lowest estimate coming in at $8.90 million. Shotspotter posted sales of $6.85 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 30.4%. The company is expected to issue its next earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Shotspotter will report full-year sales of $33.93 million for the current financial year, with estimates ranging from $33.82 million to $34.03 million. For the next financial year, analysts forecast that the company will post sales of $45.05 million per share, with estimates ranging from $43.05 million to $46.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Shotspotter.
Shotspotter (NASDAQ:SSTI) last released its quarterly earnings data on Thursday, August 2nd. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04. The firm had revenue of $8.93 million for the quarter, compared to the consensus estimate of $8.01 million. Shotspotter had a negative net margin of 19.52% and a negative return on equity of 36.43%. The firm’s revenue was up 52.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.16) earnings per share.
A number of analysts recently commented on SSTI shares. Imperial Capital set a $50.00 price objective on shares of Shotspotter and gave the stock a “buy” rating in a report on Monday, August 6th. BidaskClub downgraded shares of Shotspotter from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 16th. Roth Capital boosted their price objective on shares of Shotspotter to $60.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. Finally, Lake Street Capital started coverage on shares of Shotspotter in a research report on Tuesday, May 29th. They set a “buy” rating and a $36.00 target price for the company. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $41.14.
SSTI stock traded up $1.37 during trading on Friday, reaching $62.81. 254,213 shares of the company were exchanged, compared to its average volume of 208,120. Shotspotter has a 52-week low of $10.75 and a 52-week high of $66.14.
In other news, major shareholder Gary M. Lauder sold 27,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $59.34, for a total value of $1,602,180.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph O. Hawkins sold 1,911 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $39.80, for a total transaction of $76,057.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,775 shares of company stock valued at $4,688,252. 36.10% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new position in shares of Shotspotter in the second quarter valued at approximately $137,000. Moreno Evelyn V acquired a new position in shares of Shotspotter in the second quarter valued at approximately $220,000. Hilltop Holdings Inc. acquired a new position in shares of Shotspotter in the second quarter valued at approximately $235,000. Rhumbline Advisers acquired a new position in shares of Shotspotter in the second quarter valued at approximately $237,000. Finally, Northern Trust Corp acquired a new position in shares of Shotspotter in the first quarter valued at approximately $204,000. 55.65% of the stock is owned by institutional investors and hedge funds.
Shotspotter Company Profile
ShotSpotter, Inc provides software-as-a-service based gunshot detection solutions for law enforcement officials and security personnel in the United States, South Africa, and internationally. The company's solutions include ShotSpotter Flex, an outdoor public safety solution for cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and SST SecureCampus that helps the law enforcement and security personnel serving universities, colleges, and other educational institutions to mitigate risk and enhance security by notifying authorities and first responders of an active-shooter.
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