Shotspotter Inc (SSTI) Expected to Post Quarterly Sales of $9.47 Million

Equities research analysts expect that Shotspotter Inc (NASDAQ:SSTI) will report $9.47 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Shotspotter’s earnings. The lowest sales estimate is $9.44 million and the highest is $9.50 million. Shotspotter posted sales of $6.52 million during the same quarter last year, which suggests a positive year over year growth rate of 45.2%. The company is expected to announce its next earnings report after the market closes on Tuesday, February 19th.

According to Zacks, analysts expect that Shotspotter will report full year sales of $34.50 million for the current fiscal year, with estimates ranging from $34.48 million to $34.53 million. For the next year, analysts forecast that the company will post sales of $45.98 million, with estimates ranging from $45.09 million to $46.57 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Shotspotter.

Shotspotter (NASDAQ:SSTI) last released its earnings results on Tuesday, November 13th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.09). Shotspotter had a negative net margin of 17.52% and a negative return on equity of 37.42%. The business had revenue of $9.21 million for the quarter, compared to analyst estimates of $8.99 million. During the same period in the prior year, the company earned ($0.12) earnings per share. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis.

A number of research firms recently commented on SSTI. National Securities cut Shotspotter from a “buy” rating to a “neutral” rating in a report on Wednesday, February 6th. BidaskClub raised Shotspotter from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 29th. JMP Securities reduced their price target on Shotspotter from $62.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. Imperial Capital upgraded Shotspotter from an “in-line” rating to an “outperform” rating and decreased their price objective for the company from $54.00 to $49.00 in a report on Monday, November 19th. Finally, Lake Street Capital set a $55.00 price objective on shares of Shotspotter and gave the company a “buy” rating in a research report on Thursday, November 15th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Shotspotter presently has an average rating of “Buy” and a consensus target price of $45.71.

In other Shotspotter news, Director Thomas T. Groos sold 112,000 shares of Shotspotter stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $32.41, for a total transaction of $3,629,920.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph O. Hawkins sold 1,911 shares of the company’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $29.31, for a total value of $56,011.41. The disclosure for this sale can be found here. Insiders own 36.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Reynders McVeigh Capital Management LLC bought a new stake in Shotspotter in the third quarter worth $213,000. State Board of Administration of Florida Retirement System acquired a new stake in Shotspotter during the third quarter valued at approximately $215,000. LPL Financial LLC bought a new position in shares of Shotspotter during the 3rd quarter worth about $219,000. MetLife Investment Advisors LLC increased its holdings in Shotspotter by 55.1% during the third quarter. MetLife Investment Advisors LLC now owns 5,590 shares of the company’s stock worth $343,000 after buying an additional 1,987 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in Shotspotter during the 3rd quarter valued at approximately $343,000. 54.80% of the stock is owned by hedge funds and other institutional investors.

NASDAQ SSTI opened at $47.38 on Thursday. Shotspotter has a 12 month low of $16.40 and a 12 month high of $66.14. The firm has a market capitalization of $523.57 million, a P/E ratio of -83.12, a P/E/G ratio of 12.08 and a beta of 3.03.

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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