Shotspotter Inc (SSTI) Expected to Post Quarterly Sales of $9.69 Million

Equities research analysts predict that Shotspotter Inc (NASDAQ:SSTI) will post $9.69 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Shotspotter’s earnings, with estimates ranging from $9.32 million to $9.84 million. Shotspotter reported sales of $6.91 million during the same quarter last year, which indicates a positive year-over-year growth rate of 40.2%. The business is scheduled to report its next earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that Shotspotter will report full year sales of $46.13 million for the current financial year, with estimates ranging from $45.60 million to $46.92 million. For the next fiscal year, analysts anticipate that the company will post sales of $61.07 million, with estimates ranging from $59.80 million to $63.34 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Shotspotter.

Shotspotter (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, February 19th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $9.71 million during the quarter, compared to the consensus estimate of $9.47 million. Shotspotter had a negative net margin of 7.84% and a negative return on equity of 17.00%.

Several research firms recently weighed in on SSTI. Zacks Investment Research downgraded shares of Shotspotter from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub raised shares of Shotspotter from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. B. Riley set a $59.00 price target on shares of Shotspotter and gave the stock a “buy” rating in a research report on Thursday, March 28th. TheStreet upgraded shares of Shotspotter from a “d” rating to a “c-” rating in a research report on Wednesday, February 20th. Finally, Robert W. Baird boosted their price target on shares of Shotspotter from $41.00 to $58.00 and gave the stock a “positive” rating in a research report on Wednesday, February 20th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $51.26.

SSTI stock traded up $0.52 during trading on Tuesday, hitting $52.21. The company had a trading volume of 12,769 shares, compared to its average volume of 132,456. The company has a market capitalization of $569.72 million, a P/E ratio of -200.81, a PEG ratio of 10.34 and a beta of 2.82. Shotspotter has a fifty-two week low of $26.50 and a fifty-two week high of $66.14.

In other Shotspotter news, CFO Alan R. Stewart sold 14,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $44.99, for a total value of $629,860.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Pascal Levensohn sold 10,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $44.99, for a total value of $449,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 123,922 shares of company stock worth $5,579,359. 36.10% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SSTI. Renaissance Technologies LLC acquired a new stake in Shotspotter during the 3rd quarter worth about $7,110,000. BlackRock Inc. raised its holdings in Shotspotter by 31.0% during the 3rd quarter. BlackRock Inc. now owns 466,873 shares of the company’s stock worth $28,615,000 after buying an additional 110,611 shares during the period. Vanguard Group Inc raised its holdings in Shotspotter by 26.6% during the 3rd quarter. Vanguard Group Inc now owns 303,946 shares of the company’s stock worth $18,629,000 after buying an additional 63,857 shares during the period. Vanguard Group Inc. raised its holdings in Shotspotter by 26.6% during the 3rd quarter. Vanguard Group Inc. now owns 303,946 shares of the company’s stock worth $18,629,000 after buying an additional 63,857 shares during the period. Finally, Millennium Management LLC acquired a new stake in Shotspotter during the 4th quarter worth about $1,858,000. Hedge funds and other institutional investors own 55.72% of the company’s stock.

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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