Equities analysts predict that Shotspotter Inc (NASDAQ:SSTI) will post sales of $10.38 million for the current quarter, according to Zacks. Six analysts have issued estimates for Shotspotter’s earnings, with the highest sales estimate coming in at $10.50 million and the lowest estimate coming in at $10.27 million. Shotspotter posted sales of $8.93 million during the same quarter last year, which would indicate a positive year over year growth rate of 16.2%. The business is scheduled to report its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Shotspotter will report full year sales of $44.83 million for the current financial year, with estimates ranging from $44.48 million to $45.06 million. For the next fiscal year, analysts expect that the business will report sales of $60.38 million, with estimates ranging from $57.20 million to $63.49 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Shotspotter.

Shotspotter (NASDAQ:SSTI) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.03) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.03). Shotspotter had a negative net margin of 4.99% and a negative return on equity of 9.63%. The company had revenue of $9.59 million during the quarter, compared to analysts’ expectations of $9.77 million. During the same period in the prior year, the company posted ($0.12) earnings per share. Shotspotter’s revenue for the quarter was up 38.8% compared to the same quarter last year.

Several equities research analysts have recently weighed in on SSTI shares. Zacks Investment Research upgraded shares of Shotspotter from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, May 14th. Lake Street Capital set a $50.00 price objective on shares of Shotspotter and gave the stock a “buy” rating in a research report on Friday, May 10th. BidaskClub upgraded 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 report on Thursday, March 28th. Finally, TheStreet upgraded shares of Shotspotter from a “d” rating to a “c-” rating in a report on Wednesday, February 20th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $52.89.

In other Shotspotter news, VP Joseph O. Hawkins sold 1,911 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $47.10, for a total value of $90,008.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas T. Groos sold 12,398 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $45.41, for a total transaction of $562,993.18. The disclosure for this sale can be found here. Insiders sold 82,684 shares of company stock valued at $3,735,644 over the last 90 days. Corporate insiders own 36.10% of the company’s stock.

A number of large investors have recently bought and sold shares of SSTI. Citigroup Inc. lifted its stake in shares of Shotspotter by 83.6% in the fourth quarter. Citigroup Inc. now owns 8,822 shares of the company’s stock valued at $275,000 after buying an additional 4,016 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Shotspotter by 77.8% in the third quarter. JPMorgan Chase & Co. now owns 50,148 shares of the company’s stock valued at $3,073,000 after buying an additional 21,940 shares in the last quarter. Spark Investment Management LLC lifted its stake in shares of Shotspotter by 51.0% in the first quarter. Spark Investment Management LLC now owns 99,500 shares of the company’s stock valued at $3,840,000 after buying an additional 33,600 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Shotspotter by 74.7% in the fourth quarter. Deutsche Bank AG now owns 25,656 shares of the company’s stock valued at $799,000 after buying an additional 10,970 shares in the last quarter. Finally, Westwood Management Corp IL bought a new position in shares of Shotspotter in the first quarter valued at $386,000. Institutional investors and hedge funds own 62.67% of the company’s stock.

Shares of SSTI traded down $1.29 during trading hours on Friday, hitting $40.50. 98,620 shares of the stock were exchanged, compared to its average volume of 126,907. Shotspotter has a fifty-two week low of $26.55 and a fifty-two week high of $66.14. The stock has a market cap of $473.10 million, a PE ratio of -155.77, a price-to-earnings-growth ratio of 13.06 and a beta of 2.99.

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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