William Blair Weighs in on ShotSpotter, Inc.’s Q2 2023 Earnings (NASDAQ:SSTI)

ShotSpotter, Inc. (NASDAQ:SSTIGet Rating) – Investment analysts at William Blair decreased their Q2 2023 earnings per share (EPS) estimates for ShotSpotter in a report issued on Wednesday, May 11th. William Blair analyst M. Pfau now anticipates that the company will earn $0.00 per share for the quarter, down from their prior forecast of $0.01. William Blair also issued estimates for ShotSpotter’s Q3 2023 earnings at $0.00 EPS and Q4 2023 earnings at $0.01 EPS.

ShotSpotter (NASDAQ:SSTIGet Rating) last announced its quarterly earnings results on Tuesday, February 22nd. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.13). The company had revenue of $13.97 million for the quarter, compared to analyst estimates of $16.03 million. ShotSpotter had a negative return on equity of 6.17% and a negative net margin of 6.41%.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded ShotSpotter from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Lake Street Capital lowered their target price on ShotSpotter from $42.00 to $29.00 in a research report on Wednesday, February 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $46.00.

Shares of ShotSpotter stock traded up $1.08 on Friday, reaching $27.59. 305 shares of the company were exchanged, compared to its average volume of 42,650. The company’s 50-day moving average is $27.89 and its two-hundred day moving average is $29.83. ShotSpotter has a 1-year low of $22.63 and a 1-year high of $51.50.

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in ShotSpotter by 3.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 116,676 shares of the company’s stock valued at $4,244,000 after purchasing an additional 3,756 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of ShotSpotter by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 147,017 shares of the company’s stock worth $5,347,000 after acquiring an additional 1,184 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of ShotSpotter by 0.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 232,000 shares of the company’s stock worth $8,438,000 after acquiring an additional 2,000 shares in the last quarter. Citigroup Inc. boosted its stake in shares of ShotSpotter by 100.7% during the 3rd quarter. Citigroup Inc. now owns 1,130 shares of the company’s stock worth $41,000 after acquiring an additional 567 shares in the last quarter. Finally, Rice Hall James & Associates LLC boosted its stake in shares of ShotSpotter by 2.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 56,359 shares of the company’s stock worth $2,050,000 after acquiring an additional 1,321 shares in the last quarter. 59.20% of the stock is owned by hedge funds and other institutional investors.

In other ShotSpotter news, Director Randall Hawks bought 6,695 shares of the stock in a transaction that occurred on Wednesday, March 9th. The shares were purchased at an average cost of $29.82 per share, for a total transaction of $199,644.90. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 847 shares of company stock worth $23,068. 10.60% of the stock is owned by insiders.

ShotSpotter Company Profile (Get Rating)

ShotSpotter, Inc provides precision-policing and security solutions for law enforcement and security personnel in the United States, South Africa, and the Bahamas. Its solutions include ShotSpotter Respond, 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 Connect, a patrol management software to help plan directed patrols and tactics to deter a broad set of crime types.

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Earnings History and Estimates for ShotSpotter (NASDAQ:SSTI)

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