Analysts expect Shotspotter Inc (NASDAQ:SSTI) to report sales of $10.83 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 $11.47 million and the lowest estimate coming in at $10.28 million. Shotspotter reported sales of $9.21 million in the same quarter last year, which indicates a positive year over year growth rate of 17.6%. The firm is expected to issue its next earnings report on Tuesday, November 12th.

According to Zacks, analysts expect that Shotspotter will report full year sales of $42.89 million for the current fiscal year, with estimates ranging from $42.10 million to $43.60 million. For the next year, analysts anticipate that the firm will report sales of $57.80 million, with estimates ranging from $52.60 million to $63.73 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Shotspotter.

Shotspotter (NASDAQ:SSTI) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The company had revenue of $10.30 million during the quarter, compared to analyst estimates of $10.43 million. Shotspotter had a negative return on equity of 4.86% and a negative net margin of 2.87%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) earnings per share.

Several analysts have recently weighed in on SSTI shares. Northland Securities reaffirmed a “hold” rating and set a $40.00 price target on shares of Shotspotter in a research note on Wednesday, August 7th. TheStreet downgraded shares of Shotspotter from a “c-” rating to a “d+” rating in a research note on Wednesday, August 7th. William Blair reaffirmed a “market perform” rating on shares of Shotspotter in a research note on Wednesday, August 7th. Imperial Capital reaffirmed an “outperform” rating and set a $48.00 price target (down previously from $49.00) on shares of Shotspotter in a research note on Wednesday, July 17th. Finally, Lake Street Capital decreased their price target on shares of Shotspotter from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.23.

In related news, CFO Alan R. Stewart sold 2,029 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $46.87, for a total value of $95,099.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ralph A. Clark sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $46.89, for a total transaction of $351,675.00. The disclosure for this sale can be found here. Insiders sold 81,483 shares of company stock valued at $3,647,017 in the last three months. 11.40% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Shotspotter by 11.3% in the second quarter. BlackRock Inc. now owns 556,247 shares of the company’s stock worth $24,585,000 after purchasing an additional 56,681 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Shotspotter by 32.4% in the second quarter. Wells Fargo & Company MN now owns 487,721 shares of the company’s stock worth $21,557,000 after purchasing an additional 119,384 shares during the last quarter. Federated Investors Inc. PA grew its holdings in Shotspotter by 28.1% in the first quarter. Federated Investors Inc. PA now owns 475,910 shares of the company’s stock worth $18,370,000 after purchasing an additional 104,310 shares during the last quarter. Redwood Investments LLC purchased a new position in Shotspotter in the second quarter worth $13,677,000. Finally, Russell Investments Group Ltd. grew its holdings in Shotspotter by 0.5% in the second quarter. Russell Investments Group Ltd. now owns 201,884 shares of the company’s stock worth $8,922,000 after purchasing an additional 931 shares during the last quarter. 70.37% of the stock is owned by institutional investors.

Shares of Shotspotter stock traded down $0.12 on Friday, hitting $27.63. 206,304 shares of the company traded hands, compared to its average volume of 152,221. The stock’s 50 day moving average price is $36.15 and its 200-day moving average price is $43.33. Shotspotter has a 52 week low of $26.55 and a 52 week high of $66.14. The company has a market cap of $317.11 million, a PE ratio of -106.27 and a beta of 2.51.

Shotspotter Company Profile

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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