Q4 2023 EPS Estimates for ShotSpotter, Inc. Lifted by William Blair (NASDAQ:SSTI)

ShotSpotter, Inc. (NASDAQ:SSTIGet Rating) – Stock analysts at William Blair raised their Q4 2023 earnings per share estimates for ShotSpotter in a report released on Wednesday, November 9th. William Blair analyst M. Pfau now forecasts that the company will post earnings per share of $0.05 for the quarter, up from their previous forecast of $0.04. The consensus estimate for ShotSpotter’s current full-year earnings is $0.18 per share.

ShotSpotter (NASDAQ:SSTIGet Rating) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $20.02 million during the quarter, compared to analyst estimates of $19.70 million. ShotSpotter had a negative net margin of 1.24% and a negative return on equity of 5.45%.

A number of other analysts have also commented on the company. TheStreet raised ShotSpotter from a “d+” rating to a “c-” rating in a research note on Wednesday, October 26th. JMP Securities raised ShotSpotter from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Wednesday, October 19th. Robert W. Baird cut their price objective on ShotSpotter from $50.00 to $45.00 in a research note on Thursday. Finally, Lake Street Capital raised ShotSpotter from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $29.00 to $38.00 in a research note on Wednesday, August 10th.

ShotSpotter Stock Up 3.7 %

NASDAQ:SSTI opened at $36.55 on Thursday. The stock’s 50-day simple moving average is $31.03 and its 200 day simple moving average is $30.54. The firm has a market capitalization of $444.27 million, a PE ratio of 114.22, a price-to-earnings-growth ratio of 7.80 and a beta of 1.38. ShotSpotter has a twelve month low of $22.63 and a twelve month high of $39.28.

Insider Activity

In related news, CEO Ralph A. Clark sold 7,800 shares of ShotSpotter stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $33.38, for a total transaction of $260,364.00. Following the transaction, the chief executive officer now owns 483,755 shares of the company’s stock, valued at $16,147,741.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Ralph A. Clark sold 7,800 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $33.38, for a total transaction of $260,364.00. Following the transaction, the chief executive officer now owns 483,755 shares of the company’s stock, valued at approximately $16,147,741.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nasim Golzadeh sold 1,183 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $35.77, for a total value of $42,315.91. Following the transaction, the insider now directly owns 35,969 shares in the company, valued at approximately $1,286,611.13. The disclosure for this sale can be found here. Insiders sold a total of 13,393 shares of company stock worth $450,439 over the last quarter. 10.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ShotSpotter

A number of hedge funds and other institutional investors have recently modified their holdings of SSTI. Rice Hall James & Associates LLC lifted its holdings in ShotSpotter by 3.2% in the 1st quarter. Rice Hall James & Associates LLC now owns 51,248 shares of the company’s stock worth $1,421,000 after buying an additional 1,583 shares during the period. Swiss National Bank increased its position in ShotSpotter by 7.3% during the 1st quarter. Swiss National Bank now owns 20,700 shares of the company’s stock valued at $574,000 after buying an additional 1,400 shares in the last quarter. Nine Ten Capital Management LLC increased its position in ShotSpotter by 23.3% during the 1st quarter. Nine Ten Capital Management LLC now owns 1,019,248 shares of the company’s stock valued at $28,254,000 after buying an additional 192,776 shares in the last quarter. MetLife Investment Management LLC increased its position in ShotSpotter by 58.5% during the 1st quarter. MetLife Investment Management LLC now owns 4,973 shares of the company’s stock valued at $138,000 after buying an additional 1,835 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of ShotSpotter by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 119,593 shares of the company’s stock worth $3,315,000 after purchasing an additional 13,809 shares in the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

ShotSpotter Company Profile

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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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