Shotspotter Inc (SSTI) Expected to Post Earnings of -$0.13 Per Share

Brokerages expect that Shotspotter Inc (NASDAQ:SSTI) will post earnings of ($0.13) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Shotspotter’s earnings. The firm is expected to issue its next earnings report on Tuesday, May 15th.

On average, analysts expect that Shotspotter will report full year earnings of ($0.11) per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of $0.28 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Shotspotter.

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Shotspotter (NASDAQ:SSTI) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.19). The company had revenue of $6.52 million during the quarter, compared to analysts’ expectations of $5.96 million. The business’s revenue for the quarter was up 43.2% on a year-over-year basis.

A number of equities research analysts recently commented on the stock. BidaskClub upgraded shares of Shotspotter from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 29th. Roth Capital raised their price objective on shares of Shotspotter from $27.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, March 27th. Northland Securities raised their price objective on shares of Shotspotter from $20.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 21st. Imperial Capital restated an “outperform” rating and issued a $24.00 price objective (up previously from $19.75) on shares of Shotspotter in a research report on Thursday, February 22nd. Finally, Zacks Investment Research downgraded shares of Shotspotter from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $25.50.

In related news, insider Ralph A. Clark purchased 1,500 shares of Shotspotter stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of $17.14 per share, for a total transaction of $25,710.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pascal Levensohn sold 15,000 shares of Shotspotter stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $18.56, for a total transaction of $278,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,911 shares of company stock valued at $782,898.

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in shares of Shotspotter by 3,457.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,968 shares of the company’s stock valued at $112,000 after acquiring an additional 7,744 shares during the period. Virtu Financial LLC acquired a new position in shares of Shotspotter during the 4th quarter worth approximately $160,000. Geode Capital Management LLC acquired a new position in shares of Shotspotter during the 4th quarter worth approximately $270,000. Bluestein R H & Co. acquired a new position in shares of Shotspotter during the 4th quarter worth approximately $281,000. Finally, First Republic Investment Management Inc. acquired a new position in shares of Shotspotter during the 4th quarter worth approximately $301,000. Institutional investors own 39.76% of the company’s stock.

NASDAQ:SSTI traded down $0.33 during mid-day trading on Wednesday, reaching $31.17. The stock had a trading volume of 36,549 shares, compared to its average volume of 159,671. The company has a market cap of $322.27 and a P/E ratio of -54.68. Shotspotter has a twelve month low of $9.33 and a twelve month high of $33.00.

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About Shotspotter

ShotSpotter, Inc is engaged in designing and delivering gunfire alert and analysis solutions. The Company offers its software solutions on a SaaS-based subscription model. It has one operating segment with one business activity, providing gunshot detection systems. Its safety solutions include ShotSpotter Flex, ShotSpotter (SST) SecureCampus and ShotSpotter SiteSecure.

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