ShotSpotter Inc. (NASDAQ:SSTI) released its quarterly earnings results on Tuesday. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.03, Morningstar.com reports. The business had revenue of $5.84 million during the quarter, compared to analysts’ expectations of $5.07 million. During the same quarter last year, the company earned ($1.44) earnings per share. ShotSpotter’s revenue for the quarter was up 48.2% on a year-over-year basis.

Shares of ShotSpotter (NASDAQ:SSTI) opened at 10.75 on Wednesday. The company has a 50 day moving average price of $13.25 and a 200-day moving average price of $13.29. ShotSpotter has a 52-week low of $9.33 and a 52-week high of $18.30. The firm’s market cap is $17.45 million.

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SSTI has been the topic of several recent research reports. Roth Capital initiated coverage on ShotSpotter in a research note on Monday, July 10th. They issued a “buy” rating and a $18.00 price target on the stock. Imperial Capital initiated coverage on ShotSpotter in a research note on Thursday, July 27th. They issued an “outperform” rating and a $16.00 price target on the stock. Finally, Northland Securities started coverage on ShotSpotter in a research note on Monday, July 3rd. They issued an “outperform” rating and a $16.00 price target on the stock.

In other ShotSpotter news, CFO Alan R. Stewart purchased 9,090 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were acquired at an average price of $11.00 per share, with a total value of $99,990.00. Following the transaction, the chief financial officer now owns 9,090 shares in the company, valued at $99,990. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary M. Lauder purchased 91,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was acquired at an average cost of $11.00 per share, for a total transaction of $1,001,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 113,726 shares of company stock worth $1,250,986.

A number of institutional investors have recently made changes to their positions in the stock. K.J. Harrison & Partners Inc acquired a new position in shares of ShotSpotter during the second quarter valued at $128,000. Trellus Management Company LLC acquired a new position in shares of ShotSpotter during the second quarter valued at $1,112,000. Federated Investors Inc. PA acquired a new position in shares of ShotSpotter during the second quarter valued at $1,151,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of ShotSpotter during the second quarter valued at $9,539,000. Finally, Spark Investment Management LLC acquired a new position in shares of ShotSpotter during the second quarter valued at $231,000. 12.86% of the stock is currently owned by institutional investors and hedge funds.

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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