Zacks: Brokerages Anticipate Shotspotter Inc (SSTI) Will Announce Quarterly Sales of $10.38 Million

Wall Street analysts expect Shotspotter Inc (NASDAQ:SSTI) to report $10.38 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Shotspotter’s earnings. The highest sales estimate is $10.50 million and the lowest is $10.27 million. Shotspotter reported sales of $8.93 million in the same quarter last year, which indicates a positive year over year growth rate of 16.2%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Shotspotter will report full year sales of $44.83 million for the current fiscal year, with estimates ranging from $44.48 million to $45.06 million. For the next fiscal year, analysts forecast that the firm will report sales of $60.38 million, with estimates ranging from $57.20 million to $63.49 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Shotspotter.

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

A number of research analysts recently issued reports on the company. BidaskClub upgraded Shotspotter from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. Lake Street Capital set a $50.00 price objective on Shotspotter and gave the stock a “buy” rating in a report on Friday, May 10th. TheStreet upgraded Shotspotter from a “d” rating to a “c-” rating in a report on Wednesday, February 20th. B. Riley set a $59.00 price target on Shotspotter and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, Zacks Investment Research upgraded Shotspotter from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Tuesday, May 14th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Shotspotter has an average rating of “Buy” and an average target price of $52.89.

In other Shotspotter news, SVP Robert Samuel Klepper sold 746 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $45.45, for a total value of $33,905.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joseph O. Hawkins sold 1,911 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $47.10, for a total value of $90,008.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,123 shares of company stock valued at $5,633,683. Corporate insiders own 36.10% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in shares of Shotspotter in the first quarter valued at approximately $31,000. Riverhead Capital Management LLC acquired a new stake in shares of Shotspotter in the first quarter valued at approximately $58,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Shotspotter in the first quarter valued at approximately $59,000. Neuburgh Advisers LLC lifted its position in shares of Shotspotter by 537.5% in the first quarter. Neuburgh Advisers LLC now owns 1,632 shares of the company’s stock valued at $63,000 after buying an additional 1,376 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of Shotspotter by 356.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,544 shares of the company’s stock valued at $79,000 after buying an additional 1,987 shares during the last quarter. Hedge funds and other institutional investors own 54.31% of the company’s stock.

Shares of NASDAQ:SSTI traded up $2.50 during mid-day trading on Thursday, reaching $48.31. 135,921 shares of the stock were exchanged, compared to its average volume of 144,323. The company has a market cap of $519.59 million, a PE ratio of -185.81, a PEG ratio of 14.73 and a beta of 3.01. Shotspotter has a one year low of $26.55 and a one year high of $66.14.

About Shotspotter

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.

Further Reading: Debt-To-Equity Ratio

Get a free copy of the Zacks research report on Shotspotter (SSTI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Shotspotter (NASDAQ:SSTI)

Receive News & Ratings for Shotspotter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shotspotter and related companies with MarketBeat.com's FREE daily email newsletter.