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.
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.
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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