Equities analysts expect Shotspotter Inc (NASDAQ:SSTI) to report sales of $9.47 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Shotspotter’s earnings, with the highest sales estimate coming in at $9.50 million and the lowest estimate coming in at $9.44 million. Shotspotter reported 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 company is expected to report its next earnings results after the market closes on Tuesday, February 19th.
On average, analysts expect that Shotspotter will report full year sales of $34.50 million for the current fiscal year, with estimates ranging from $34.48 million to $34.53 million. For the next fiscal year, analysts forecast that the company will post sales of $45.98 million, with estimates ranging from $45.09 million to $46.57 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Shotspotter.
Shotspotter (NASDAQ:SSTI) last posted its quarterly earnings results on Tuesday, November 13th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.09). Shotspotter had a negative net margin of 17.52% and a negative return on equity of 37.42%. The business had revenue of $9.21 million during the quarter, compared to analyst estimates of $8.99 million. During the same period in the previous year, the business posted ($0.12) EPS. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year.
A number of brokerages have recently commented on SSTI. BidaskClub cut Shotspotter from a “hold” rating to a “sell” rating in a report on Friday, October 26th. National Securities began coverage on Shotspotter in a report on Sunday, December 9th. They set a “buy” rating and a $38.09 price target for the company. Lake Street Capital set a $55.00 price objective on Shotspotter and gave the company a “buy” rating in a report on Thursday, November 15th. Imperial Capital upgraded Shotspotter from an “in-line” rating to an “outperform” rating and cut their price target for the company from $54.00 to $49.00 in a report on Monday, November 19th. Finally, JMP Securities decreased their price objective on shares of Shotspotter from $62.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $45.71.
In other news, VP Joseph O. Hawkins sold 1,911 shares of the stock in a transaction dated Friday, November 16th. The shares were 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 SEC, which is accessible through this hyperlink. Also, Director Thomas T. Groos sold 112,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $32.41, for a total transaction of $3,629,920.00. The disclosure for this sale can be found here. 36.10% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Reynders McVeigh Capital Management LLC bought a new stake in Shotspotter in the third quarter valued at approximately $213,000. State Board of Administration of Florida Retirement System purchased a new position in Shotspotter during the 3rd quarter worth $215,000. LPL Financial LLC purchased a new stake in Shotspotter during the third quarter valued at about $219,000. Citigroup Inc. increased its position in shares of Shotspotter by 83.6% in the fourth quarter. Citigroup Inc. now owns 8,822 shares of the company’s stock worth $275,000 after purchasing an additional 4,016 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Shotspotter by 53.0% during the fourth quarter. Rhumbline Advisers now owns 9,090 shares of the company’s stock valued at $283,000 after purchasing an additional 3,147 shares during the period. Institutional investors and hedge funds own 54.80% of the company’s stock.
NASDAQ:SSTI opened at $47.38 on Thursday. The company has a market cap of $523.57 million, a PE ratio of -83.12, a P/E/G ratio of 12.08 and a beta of 3.03. Shotspotter has a fifty-two week low of $16.40 and a fifty-two week high of $66.14.
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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