Equities research analysts forecast that Shotspotter Inc (NASDAQ:SSTI) will post ($0.01) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Shotspotter’s earnings. The lowest EPS estimate is ($0.04) and the highest is $0.02. Shotspotter posted earnings per share of ($0.03) in the same quarter last year, which suggests a positive year over year growth rate of 66.7%. The company is expected to issue its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Shotspotter will report full-year earnings of $0.09 per share for the current financial year, with EPS estimates ranging from $0.04 to $0.16. For the next year, analysts expect that the firm will report earnings of $0.50 per share, with EPS estimates ranging from $0.28 to $0.64. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Shotspotter.

Shotspotter (NASDAQ:SSTI) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). The business had revenue of $9.59 million for the quarter, compared to the consensus estimate of $9.77 million. Shotspotter had a negative net margin of 4.99% and a negative return on equity of 9.63%. The company’s revenue was up 38.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.12) earnings per share.

Several brokerages have recently weighed in on SSTI. Zacks Investment Research cut Shotspotter from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. BidaskClub upgraded Shotspotter from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Imperial Capital upgraded Shotspotter from an “in-line” rating to an “outperform” rating and set a $49.00 price target on the stock in a research report on Wednesday. Dougherty & Co cut Shotspotter from a “buy” rating to a “neutral” rating in a research report on Friday, May 10th. Finally, National Securities cut Shotspotter from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 6th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $52.89.

NASDAQ SSTI opened at $48.90 on Tuesday. The stock has a market cap of $513.75 million, a price-to-earnings ratio of -188.08, a price-to-earnings-growth ratio of 14.18 and a beta of 3.01. Shotspotter has a 52 week low of $26.55 and a 52 week high of $66.14.

In related news, CFO Alan R. Stewart sold 14,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $44.99, for a total value of $629,860.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Robert Samuel Klepper sold 746 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $45.45, for a total transaction of $33,905.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 127,034 shares of company stock worth $5,723,424. Company insiders own 36.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of SSTI. Golden State Wealth Management LLC bought a new position in shares of Shotspotter in the first quarter worth approximately $31,000. Riverhead Capital Management LLC bought a new position in shares of Shotspotter in the first quarter worth approximately $58,000. BNP Paribas Arbitrage SA bought a new position in shares of Shotspotter in the first quarter worth approximately $59,000. Neuburgh Advisers LLC increased its position in shares of Shotspotter by 537.5% in the first quarter. Neuburgh Advisers LLC now owns 1,632 shares of the company’s stock worth $63,000 after purchasing an additional 1,376 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Shotspotter by 356.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,544 shares of the company’s stock worth $79,000 after purchasing an additional 1,987 shares during the last quarter. Institutional investors own 54.31% of the company’s stock.

About Shotspotter

ShotSpotter, Inc provides precision-policing and security solutions for law enforcement and security personnel in the United States and South Africa. Its solutions include ShotSpotter Flex, a public safety solution, which serves cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and ShotSpotter Missions, a cloud-based patrol management solution to help police departments plan patrol missions and tactics for crime deterrence.

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Earnings History and Estimates for Shotspotter (NASDAQ:SSTI)

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