Analysts Anticipate Shotspotter Inc (SSTI) Will Post Quarterly Sales of $8.93 Million

Analysts expect that Shotspotter Inc (NASDAQ:SSTI) will announce $8.93 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Shotspotter’s earnings. The highest sales estimate is $8.97 million and the lowest is $8.90 million. Shotspotter reported sales of $6.85 million in the same quarter last year, which indicates a positive year-over-year growth rate of 30.4%. The firm is scheduled to announce its next earnings results on Tuesday, November 6th.

On average, 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 fiscal year, analysts forecast that the company will report sales of $45.05 million per share, with estimates ranging from $43.05 million to $46.30 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Shotspotter.

Shotspotter (NASDAQ:SSTI) last issued its quarterly earnings data on Thursday, August 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.04. Shotspotter had a negative return on equity of 36.43% and a negative net margin of 19.52%. The company had revenue of $8.93 million for the quarter, compared to the consensus estimate of $8.01 million. During the same quarter last year, the business posted ($1.16) earnings per share. The firm’s revenue was up 52.9% compared to the same quarter last year.

A number of brokerages recently issued reports on SSTI. Imperial Capital reiterated a “buy” rating on shares of Shotspotter in a research report on Friday, June 8th. BidaskClub downgraded Shotspotter from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded Shotspotter from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, May 16th. Finally, JMP Securities began coverage on Shotspotter in a research report on Thursday, June 7th. They issued an “outperform” rating and a $40.00 price objective on the stock. Eight analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of $41.14.

Shares of SSTI stock traded down $0.80 on Monday, reaching $39.14. The company’s stock had a trading volume of 223,563 shares, compared to its average volume of 159,505. Shotspotter has a 12-month low of $10.51 and a 12-month high of $49.30. The company has a market capitalization of $487.66 million, a PE ratio of -68.67 and a beta of -1.66.

In related news, major shareholder Gary M. Lauder sold 21,448 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $42.78, for a total value of $917,545.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Joseph O. Hawkins sold 1,911 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $39.80, for a total value of $76,057.80. The disclosure for this sale can be found here. Insiders have sold 55,305 shares of company stock worth $2,467,272 over the last ninety days. Insiders own 36.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Shotspotter by 68.5% in the second quarter. FMR LLC now owns 479,371 shares of the company’s stock worth $18,183,000 after purchasing an additional 194,844 shares during the last quarter. Federated Investors Inc. PA grew its stake in shares of Shotspotter by 22.9% in the first quarter. Federated Investors Inc. PA now owns 370,600 shares of the company’s stock worth $9,821,000 after purchasing an additional 69,100 shares during the last quarter. BlackRock Inc. grew its stake in shares of Shotspotter by 3,517.6% in the second quarter. BlackRock Inc. now owns 356,262 shares of the company’s stock worth $13,513,000 after purchasing an additional 346,414 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Shotspotter by 5.3% in the first quarter. Russell Investments Group Ltd. now owns 260,837 shares of the company’s stock worth $6,913,000 after purchasing an additional 13,032 shares during the last quarter. Finally, Granahan Investment Management Inc. MA bought a new stake in shares of Shotspotter in the second quarter worth about $7,490,000. 53.01% of the stock is currently owned by institutional investors.

About Shotspotter

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.

Further Reading: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Get a free copy of the Zacks research report on Shotspotter (SSTI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Shotspotter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shotspotter and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply