Wall Street brokerages expect that Shotspotter Inc (NASDAQ:SSTI) will post $9.47 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Shotspotter’s earnings, with the lowest sales estimate coming in at $9.44 million and the highest estimate coming in at $9.50 million. Shotspotter posted sales of $6.52 million in the same quarter last year, which would indicate a positive year over year growth rate of 45.2%. The business is scheduled to report its next quarterly earnings report on Tuesday, February 19th.
According to Zacks, analysts expect that Shotspotter will report full year sales of $34.50 million for the current year, with estimates ranging from $34.48 million to $34.53 million. For the next year, analysts expect that the firm will post sales of $45.98 million, with estimates ranging from $45.09 million to $46.57 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Shotspotter.
Shotspotter (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, November 13th. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.09). The business had revenue of $9.21 million during the quarter, compared to analyst estimates of $8.99 million. Shotspotter had a negative return on equity of 37.42% and a negative net margin of 17.52%. The firm’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.12) EPS.
SSTI has been the subject of a number of recent analyst reports. JMP Securities lowered their price objective on Shotspotter from $62.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. BidaskClub raised Shotspotter from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. B. Riley initiated coverage on Shotspotter in a research report on Thursday, December 20th. They issued a “buy” rating and a $53.00 price objective for the company. Imperial Capital raised Shotspotter from an “in-line” rating to an “outperform” rating and lowered their price target for the stock from $54.00 to $49.00 in a research report on Monday, November 19th. Finally, Lake Street Capital set a $55.00 price target on Shotspotter and gave the stock a “buy” rating in a research report on Thursday, November 15th. Twelve research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $45.71.
Shares of Shotspotter stock traded up $2.58 during trading on Tuesday, reaching $46.59. The company’s stock had a trading volume of 128,664 shares, compared to its average volume of 122,939. The stock has a market capitalization of $454.84 million, a price-to-earnings ratio of -81.74, a PEG ratio of 10.92 and a beta of 2.29. Shotspotter has a 1-year low of $16.00 and a 1-year high of $66.14.
In other Shotspotter news, VP Joseph O. Hawkins sold 1,911 shares of Shotspotter stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $29.31, for a total transaction of $56,011.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas T. Groos sold 112,000 shares of Shotspotter stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $32.41, for a total value of $3,629,920.00. The disclosure for this sale can be found here. Insiders own 36.10% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC lifted its position in Shotspotter by 68.5% during the 2nd quarter. FMR LLC now owns 479,371 shares of the company’s stock worth $18,183,000 after acquiring an additional 194,844 shares during the period. BlackRock Inc. lifted its position in Shotspotter by 31.0% during the 3rd quarter. BlackRock Inc. now owns 466,873 shares of the company’s stock worth $28,615,000 after acquiring an additional 110,611 shares during the period. Vanguard Group Inc raised its stake in shares of Shotspotter by 26.6% during the 3rd quarter. Vanguard Group Inc now owns 303,946 shares of the company’s stock valued at $18,629,000 after buying an additional 63,857 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Shotspotter by 26.6% during the 3rd quarter. Vanguard Group Inc. now owns 303,946 shares of the company’s stock valued at $18,629,000 after buying an additional 63,857 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Shotspotter by 7.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 192,626 shares of the company’s stock valued at $11,817,000 after buying an additional 12,589 shares during the last quarter. 55.28% of the stock is owned by institutional investors.
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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