Analysts forecast that Shotspotter Inc (NASDAQ:SSTI) will report $8.93 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Shotspotter’s earnings. The highest sales estimate is $8.97 million and the lowest is $8.90 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 business is expected to report its next quarterly earnings report after the market closes on Tuesday, November 13th.

According to Zacks, analysts expect that Shotspotter will report full year sales of $33.95 million for the current financial year, with estimates ranging from $33.82 million to $34.03 million. For the next 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’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Shotspotter.

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

Several research firms have recently commented on SSTI. JMP Securities lifted their price objective on Shotspotter from $50.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, October 8th. Roth Capital lifted their price objective on Shotspotter from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, October 5th. BidaskClub downgraded Shotspotter from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. William Blair began coverage on Shotspotter in a report on Wednesday, September 26th. They issued an “outperform” rating on the stock. Finally, Imperial Capital set a $50.00 price objective on Shotspotter and gave the stock a “buy” rating in a report on Monday, August 6th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Shotspotter currently has a consensus rating of “Buy” and an average target price of $44.86.

Shares of SSTI traded down $1.66 during trading hours on Friday, hitting $38.97. The company had a trading volume of 103,586 shares, compared to its average volume of 170,288. The company has a market cap of $430.89 million, a P/E ratio of -68.37 and a beta of -0.99. Shotspotter has a 52-week low of $12.56 and a 52-week high of $66.14.

In related news, major shareholder Gary M. Lauder sold 27,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $59.34, for a total value of $1,602,180.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Gary M. Lauder sold 21,448 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $42.78, for a total value of $917,545.44. The disclosure for this sale can be found here. Insiders sold 97,775 shares of company stock worth $4,688,252 over the last three months. 36.10% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of SSTI. BlackRock Inc. grew its stake in shares of Shotspotter by 3,517.6% in the second quarter. BlackRock Inc. now owns 356,262 shares of the company’s stock worth $13,513,000 after purchasing an additional 346,414 shares during the last quarter. Granahan Investment Management Inc. MA bought a new stake in Shotspotter during the 2nd quarter valued at approximately $7,490,000. FMR LLC boosted its position in Shotspotter by 68.5% during the 2nd quarter. FMR LLC now owns 479,371 shares of the company’s stock valued at $18,183,000 after acquiring an additional 194,844 shares in the last quarter. Frontier Capital Management Co. LLC bought a new stake in Shotspotter during the 2nd quarter valued at approximately $4,373,000. Finally, Northern Trust Corp boosted its position in Shotspotter by 872.1% during the 2nd quarter. Northern Trust Corp now owns 74,697 shares of the company’s stock valued at $2,834,000 after acquiring an additional 67,013 shares in the last quarter. 55.66% of the stock is currently owned by institutional investors.

About Shotspotter

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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