Shotspotter Inc (SSTI) Expected to Post Quarterly Sales of $10.57 Million

Analysts expect Shotspotter Inc (NASDAQ:SSTI) to post $10.57 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for Shotspotter’s earnings. The highest sales estimate is $11.57 million and the lowest is $10.27 million. Shotspotter reported sales of $8.93 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.4%. The firm is expected to issue its next earnings results on Thursday, August 1st.

On average, analysts expect that Shotspotter will report full year sales of $45.05 million for the current financial year, with estimates ranging from $44.48 million to $46.16 million. For the next financial year, analysts forecast that the company will report sales of $59.88 million, with estimates ranging from $57.20 million to $63.49 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Shotspotter.

Shotspotter (NASDAQ:SSTI) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The company had revenue of $9.59 million for the quarter, compared to the consensus estimate of $9.77 million. Shotspotter had a negative return on equity of 9.63% and a negative net margin of 4.99%. Shotspotter’s quarterly revenue was up 38.8% on a year-over-year basis. During the same period last year, the business posted ($0.12) EPS.

A number of brokerages have recently issued reports on SSTI. Zacks Investment Research downgraded Shotspotter from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub upgraded Shotspotter from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Lake Street Capital set a $50.00 price target on Shotspotter and gave the company a “buy” rating in a report on Friday, May 10th. Dougherty & Co downgraded Shotspotter from a “buy” rating to a “neutral” rating in a report on Friday, May 10th. Finally, Imperial Capital upgraded Shotspotter from an “in-line” rating to an “outperform” rating and set a $49.00 price target on the stock in a report on Wednesday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $52.89.

Shares of NASDAQ:SSTI opened at $45.38 on Thursday. Shotspotter has a 12-month low of $26.55 and a 12-month high of $66.14. The firm has a market capitalization of $493.37 million, a PE ratio of -174.54, a P/E/G ratio of 9.88 and a beta of 3.01.

In other news, VP Joseph O. Hawkins sold 1,911 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $46.96, for a total value of $89,740.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert Samuel Klepper sold 746 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $45.45, for a total value of $33,905.70. The disclosure for this sale can be found here. Insiders sold a total of 123,922 shares of company stock worth $5,579,359 over the last quarter. Company insiders own 36.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of SSTI. Golden State Wealth Management LLC acquired a new stake in shares of Shotspotter in the 1st quarter worth $31,000. Riverhead Capital Management LLC acquired a new stake in shares of Shotspotter in the 1st quarter worth $58,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Shotspotter in the 1st quarter worth $59,000. Neuburgh Advisers LLC boosted its position in shares of Shotspotter by 537.5% in the 1st quarter. Neuburgh Advisers LLC now owns 1,632 shares of the company’s stock worth $63,000 after purchasing an additional 1,376 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Shotspotter by 356.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,544 shares of the company’s stock worth $79,000 after purchasing an additional 1,987 shares in the last quarter. 54.31% of the stock is owned by hedge funds and other institutional investors.

About Shotspotter

ShotSpotter, Inc provides precision-policing and security solutions for law enforcement and security personnel in the United States and South Africa. Its solutions include ShotSpotter Flex, a public safety solution, which serves cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and ShotSpotter Missions, a cloud-based patrol management solution to help police departments plan patrol missions and tactics for crime deterrence.

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Earnings History and Estimates for Shotspotter (NASDAQ:SSTI)

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