Wall Street brokerages expect that Shotspotter Inc (NASDAQ:SSTI) will report sales of $9.36 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Shotspotter’s earnings, with the lowest sales estimate coming in at $9.02 million and the highest estimate coming in at $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 43.6%. The company is expected to issue its next quarterly earnings report on Tuesday, February 19th.

On average, analysts expect that Shotspotter will report full-year sales of $34.33 million for the current fiscal year, with estimates ranging from $33.82 million to $34.50 million. For the next year, analysts forecast that the company will post sales of $45.99 million, with estimates ranging from $45.09 million to $46.57 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Shotspotter.

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

SSTI has been the subject of several research reports. William Blair initiated coverage on Shotspotter in a research note on Wednesday, September 26th. They set an “outperform” rating for the company. JMP Securities lifted their price target on Shotspotter from $50.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, October 8th. Roth Capital lifted their price target on Shotspotter from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, October 5th. BidaskClub downgraded Shotspotter from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Finally, Imperial Capital set a $50.00 price target on Shotspotter and gave the stock a “buy” rating in a research note on Monday, August 6th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $46.57.

In related news, major shareholder Gary M. Lauder sold 27,000 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $59.34, for a total value of $1,602,180.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 36.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System acquired a new position in Shotspotter in the 3rd quarter valued at about $215,000. LPL Financial LLC acquired a new position in Shotspotter in the 3rd quarter valued at about $219,000. MetLife Investment Advisors LLC acquired a new position in Shotspotter in the 2nd quarter valued at about $137,000. Alliancebernstein L.P. acquired a new position in Shotspotter in the 3rd quarter valued at about $343,000. Finally, Moreno Evelyn V acquired a new position in Shotspotter in the 2nd quarter valued at about $220,000. 54.56% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:SSTI traded up $2.67 during midday trading on Tuesday, hitting $32.65. 621,735 shares of the stock were exchanged, compared to its average volume of 160,159. Shotspotter has a twelve month low of $12.56 and a twelve month high of $66.14.

Shotspotter Company Profile

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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