Analysts Expect Shotspotter Inc (SSTI) to Post -$0.05 EPS

Equities analysts expect that Shotspotter Inc (NASDAQ:SSTI) will report ($0.05) earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Shotspotter’s earnings. The firm is expected to issue its next earnings report after the market closes on Tuesday, February 20th.

According to Zacks, analysts expect that Shotspotter will report full-year earnings of ($0.53) per share for the current year. For the next year, analysts anticipate that the business will post earnings of $0.01 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Shotspotter.

Shotspotter (NASDAQ:SSTI) last posted its earnings results on Tuesday, November 7th. The company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.02. The business had revenue of $6.80 million during the quarter, compared to analysts’ expectations of $5.66 million. During the same quarter in the prior year, the firm earned ($0.96) EPS. Shotspotter’s revenue for the quarter was up 70.0% compared to the same quarter last year.

A number of equities research analysts have commented on the company. Northland Securities restated a “buy” rating and issued a $20.00 target price on shares of Shotspotter in a research report on Friday, November 10th. Imperial Capital set a $20.00 target price on Shotspotter and gave the company a “buy” rating in a research report on Wednesday, November 15th. Roth Capital lifted their target price on Shotspotter from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research downgraded Shotspotter from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th.

In other news, insider Ralph A. Clark acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average price of $14.27 per share, for a total transaction of $28,540.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total value of $14,246,685.00. The disclosure for this sale can be found here.

Hedge funds have recently bought and sold shares of the stock. Prudential PLC purchased a new stake in shares of Shotspotter in the 2nd quarter valued at $3,837,000. Goldman Sachs Group Inc. purchased a new stake in shares of Shotspotter in the 2nd quarter valued at $181,000. Castleark Management LLC purchased a new stake in Shotspotter during the 2nd quarter worth about $2,110,000. Harvey Partners LLC increased its holdings in Shotspotter by 176.2% during the 3rd quarter. Harvey Partners LLC now owns 50,000 shares of the company’s stock worth $673,000 after purchasing an additional 31,900 shares during the period. Finally, Trellus Management Company LLC increased its holdings in Shotspotter by 5.8% during the 3rd quarter. Trellus Management Company LLC now owns 91,910 shares of the company’s stock worth $1,236,000 after purchasing an additional 5,000 shares during the period. Hedge funds and other institutional investors own 24.41% of the company’s stock.

Shotspotter (SSTI) traded down $0.20 during trading hours on Friday, reaching $16.60. The company’s stock had a trading volume of 32,981 shares, compared to its average volume of 145,534. Shotspotter has a 12 month low of $9.33 and a 12 month high of $20.15.

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Shotspotter Company Profile

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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