Shotspotter Inc (SSTI) Expected to Announce Quarterly Sales of $8.93 Million

Wall Street analysts expect Shotspotter Inc (NASDAQ:SSTI) to report sales of $8.93 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Shotspotter’s earnings, with estimates ranging from $8.90 million to $8.97 million. Shotspotter posted sales of $6.85 million during the same quarter last year, which would indicate a positive year over year growth rate of 30.4%. The company is scheduled to report its next earnings report after the market closes on Tuesday, November 13th.

On average, analysts expect that Shotspotter will report full year sales of $33.95 million for the current fiscal year, with estimates ranging from $33.82 million to $34.03 million. For the next financial year, analysts anticipate that the firm will post sales of $45.16 million, with estimates ranging from $43.05 million to $46.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Shotspotter.

Shotspotter (NASDAQ:SSTI) last released its earnings results on Thursday, August 2nd. The company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The company had revenue of $8.93 million during the quarter, compared to the consensus estimate of $8.01 million. Shotspotter had a negative net margin of 19.52% and a negative return on equity of 36.43%. The company’s revenue was up 52.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.16) EPS.

Several equities research analysts have recently weighed in on the stock. Imperial Capital set a $50.00 target price on shares of Shotspotter and gave the stock a “buy” rating in a research report on Tuesday, July 31st. BidaskClub downgraded shares of Shotspotter from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 6th. Finally, Roth Capital boosted their target price on shares of Shotspotter to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Shotspotter presently has a consensus rating of “Buy” and an average price target of $44.86.

In related news, major shareholder Gary M. Lauder sold 31,946 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $46.13, for a total transaction of $1,473,668.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Joseph O. Hawkins sold 1,911 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $39.80, for a total transaction of $76,057.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,775 shares of company stock valued at $4,688,252. Insiders own 36.10% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new stake in shares of Shotspotter during the 2nd quarter valued at about $137,000. Moreno Evelyn V bought a new stake in shares of Shotspotter during the 2nd quarter valued at about $220,000. Hilltop Holdings Inc. bought a new position in Shotspotter in the 2nd quarter worth about $235,000. Rhumbline Advisers bought a new position in Shotspotter in the 2nd quarter worth about $237,000. Finally, UBS Group AG grew its position in Shotspotter by 65.7% in the 1st quarter. UBS Group AG now owns 18,222 shares of the company’s stock worth $483,000 after purchasing an additional 7,222 shares during the last quarter. 55.66% of the stock is owned by institutional investors and hedge funds.

SSTI opened at $40.00 on Friday. The stock has a market capitalization of $458.15 million, a PE ratio of -70.18 and a beta of -1.00. Shotspotter has a 1-year low of $12.56 and a 1-year 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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