Brokerages Anticipate Shotspotter Inc (SSTI) to Announce ($0.05) EPS

Shares of Shotspotter Inc (NASDAQ:SSTI) have received an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.

Brokers have set a one year consensus price target of $20.92 for the company and are forecasting that the company will post ($0.05) EPS for the current quarter, according to Zacks. Zacks has also assigned Shotspotter an industry rank of 185 out of 265 based on the ratings given to its competitors.

A number of research firms have recently weighed in on SSTI. Northland Securities reissued a “buy” rating and issued a $20.00 target price on shares of Shotspotter in a research note on Friday, November 10th. Imperial Capital set a $20.00 target price on Shotspotter and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, Roth Capital boosted their target price on Shotspotter from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th.

In other Shotspotter news, CFO Alan R. Stewart purchased 3,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was acquired at an average price of $13.53 per share, with a total value of $40,590.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the company’s stock in a transaction that occurred 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.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gilder Gagnon Howe & Co. LLC raised its position in Shotspotter by 139.3% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,753,848 shares of the company’s stock valued at $24,642,000 after purchasing an additional 1,021,066 shares during the last quarter. Russell Investments Group Ltd. raised its position in Shotspotter by 2.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 206,412 shares of the company’s stock valued at $2,776,000 after purchasing an additional 4,931 shares during the last quarter. Castleark Management LLC bought a new position in Shotspotter during the 2nd quarter valued at approximately $2,110,000. Foster Dykema Cabot & Co. Inc. MA bought a new position in Shotspotter during the 4th quarter valued at approximately $1,531,000. Finally, Trellus Management Company LLC raised its position in Shotspotter by 5.8% during the 3rd quarter. Trellus Management Company LLC now owns 91,910 shares of the company’s stock valued at $1,236,000 after purchasing an additional 5,000 shares during the last quarter. 24.41% of the stock is owned by institutional investors and hedge funds.

Shotspotter (SSTI) traded up $0.22 on Friday, hitting $16.71. The stock had a trading volume of 54,186 shares, compared to its average volume of 130,457. Shotspotter has a 1 year low of $9.33 and a 1 year high of $20.15.

Shotspotter (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. The firm had revenue of $6.80 million during the quarter, compared to analysts’ expectations of $5.66 million. During the same quarter in the previous year, the company posted ($0.96) earnings per share. Shotspotter’s revenue for the quarter was up 70.0% compared to the same quarter last year. research analysts anticipate that Shotspotter will post -0.6 earnings per share for the current fiscal year.

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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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