Zacks: Brokerages Expect Shotspotter Inc (SSTI) Will Announce Quarterly Sales of $6.62 Million

Brokerages expect that Shotspotter Inc (NASDAQ:SSTI) will report sales of $6.62 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Shotspotter’s earnings, with the highest sales estimate coming in at $6.65 million and the lowest estimate coming in at $6.60 million. The firm is expected to announce its next quarterly earnings report on Tuesday, May 15th.

On average, analysts expect that Shotspotter will report full-year sales of $32.15 million for the current year, with estimates ranging from $31.52 million to $32.62 million. For the next fiscal year, analysts expect that the company will report sales of $43.78 million per share, with estimates ranging from $41.86 million to $45.89 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Shotspotter.

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Shotspotter (NASDAQ:SSTI) last issued its earnings results on Tuesday, February 20th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.19). The business had revenue of $6.52 million during the quarter, compared to analysts’ expectations of $5.96 million. The company’s revenue was up 43.2% on a year-over-year basis.

SSTI has been the topic of a number of recent analyst reports. Northland Securities raised their target price on Shotspotter from $20.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, February 21st. Imperial Capital restated an “outperform” rating and set a $24.00 target price (up previously from $19.75) on shares of Shotspotter in a report on Thursday, February 22nd. Zacks Investment Research cut Shotspotter from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Roth Capital raised their target price on Shotspotter from $27.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, March 27th. Finally, BidaskClub raised Shotspotter from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 29th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Shotspotter currently has a consensus rating of “Buy” and a consensus price target of $25.50.

SSTI traded up $0.17 during midday trading on Friday, reaching $32.02. 31,148 shares of the company were exchanged, compared to its average volume of 157,743. Shotspotter has a one year low of $9.33 and a one year high of $33.00. The stock has a market cap of $328.46 and a P/E ratio of -55.70.

In other news, insider Ralph A. Clark bought 1,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of $17.14 per share, with a total value of $25,710.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Joseph O. Hawkins sold 1,911 shares of Shotspotter stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $22.04, for a total value of $42,118.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,911 shares of company stock worth $782,898.

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position in Shotspotter by 3,457.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,968 shares of the company’s stock valued at $112,000 after buying an additional 7,744 shares during the last quarter. Virtu Financial LLC acquired a new stake in Shotspotter in the 4th quarter valued at approximately $160,000. Geode Capital Management LLC acquired a new position in shares of Shotspotter during the 4th quarter worth approximately $270,000. Bluestein R H & Co. acquired a new position in shares of Shotspotter during the 4th quarter worth approximately $281,000. Finally, First Republic Investment Management Inc. acquired a new position in shares of Shotspotter during the 4th quarter worth approximately $301,000. 39.76% of the stock is currently owned by institutional investors and hedge funds.

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Shotspotter Company Profile

ShotSpotter, Inc is engaged in designing and delivering gunfire alert and analysis solutions. The Company offers its software solutions on a SaaS-based subscription model. It has one operating segment with one business activity, providing gunshot detection systems. Its safety solutions include ShotSpotter Flex, ShotSpotter (SST) SecureCampus and ShotSpotter SiteSecure.

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