Shotspotter (SSTI) Announces Quarterly Earnings Results, Hits Estimates

Shotspotter (NASDAQ:SSTI) released its earnings results on Thursday. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03), Briefing.com reports. The firm had revenue of $9.59 million during the quarter, compared to analysts’ expectations of $9.77 million. Shotspotter had a negative net margin of 4.99% and a negative return on equity of 11.37%. The business’s quarterly revenue was up 38.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.12) EPS.

Shotspotter stock traded down $10.29 on Friday, hitting $44.56. The company’s stock had a trading volume of 937,183 shares, compared to its average volume of 121,258. The firm has a market capitalization of $620.95 million, a PE ratio of -171.38, a price-to-earnings-growth ratio of 11.19 and a beta of 3.01. Shotspotter has a one year low of $26.55 and a one year high of $66.14.

In other Shotspotter news, CFO Alan R. Stewart sold 14,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $44.99, for a total value of $629,860.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Joseph O. Hawkins sold 1,911 shares of the business’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $46.96, for a total transaction of $89,740.56. The disclosure for this sale can be found here. Insiders sold a total of 123,922 shares of company stock worth $5,579,359 in the last three months. Insiders own 36.10% of the company’s stock.



Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA bought a new stake in shares of Shotspotter in the 1st quarter worth about $59,000. Metropolitan Life Insurance Co. NY grew its holdings in shares of Shotspotter by 356.7% in the 4th 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. LPL Financial LLC bought a new stake in shares of Shotspotter in the 3rd quarter worth about $219,000. Barclays PLC grew its holdings in shares of Shotspotter by 96.3% in the 4th quarter. Barclays PLC now owns 5,517 shares of the company’s stock worth $172,000 after purchasing an additional 2,706 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its holdings in shares of Shotspotter by 55.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 5,590 shares of the company’s stock worth $343,000 after purchasing an additional 1,987 shares during the last quarter. 55.91% of the stock is currently owned by institutional investors and hedge funds.

SSTI has been the subject of several research analyst reports. BidaskClub upgraded shares of Shotspotter from a “hold” rating to a “buy” rating in a research note on Sunday, January 13th. National Securities cut shares of Shotspotter from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 6th. Robert W. Baird upped their target price on shares of Shotspotter from $41.00 to $58.00 and gave the company a “positive” rating in a research note on Wednesday, February 20th. B. Riley upped their target price on shares of Shotspotter to $59.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, TheStreet raised shares of Shotspotter from a “d” rating to a “c-” rating in a report on Wednesday, February 20th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Shotspotter currently has an average rating of “Buy” and an average price target of $51.26.

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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 for Shotspotter (NASDAQ:SSTI)

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