Shotspotter Inc (NASDAQ:SSTI) – Analysts at B. Riley decreased their FY2019 earnings per share (EPS) estimates for Shotspotter in a research note issued on Wednesday, November 13th. B. Riley analyst C. Horn now forecasts that the company will earn $0.11 per share for the year, down from their prior estimate of $0.23. B. Riley currently has a “Buy” rating and a $50.00 target price on the stock. B. Riley also issued estimates for Shotspotter’s Q4 2019 earnings at $0.06 EPS, Q1 2020 earnings at $0.03 EPS, Q2 2020 earnings at $0.06 EPS, Q3 2020 earnings at $0.05 EPS, Q4 2020 earnings at $0.14 EPS and FY2020 earnings at $0.28 EPS.
Shotspotter (NASDAQ:SSTI) last issued its earnings results on Tuesday, November 12th. The company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. The business had revenue of $9.98 million during the quarter, compared to the consensus estimate of $10.89 million. Shotspotter had a return on equity of 2.97% and a net margin of 1.95%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.13) earnings per share.
NASDAQ SSTI opened at $22.36 on Friday. The business has a 50 day moving average price of $20.67 and a 200-day moving average price of $34.25. Shotspotter has a 52 week low of $18.44 and a 52 week high of $58.61. The company has a market cap of $248.37 million, a price-to-earnings ratio of -86.00 and a beta of 2.58.
Several institutional investors and hedge funds have recently modified their holdings of SSTI. Redwood Investments LLC bought a new stake in shares of Shotspotter in the second quarter valued at $13,677,000. Calamos Advisors LLC bought a new stake in shares of Shotspotter in the second quarter valued at $8,302,000. Wells Fargo & Company MN raised its stake in shares of Shotspotter by 32.4% in the second quarter. Wells Fargo & Company MN now owns 487,721 shares of the company’s stock valued at $21,557,000 after buying an additional 119,384 shares during the period. Handelsbanken Fonder AB bought a new stake in shares of Shotspotter in the third quarter valued at $2,303,000. Finally, Atria Investments LLC bought a new stake in shares of Shotspotter in the second quarter valued at $2,696,000. Hedge funds and other institutional investors own 72.46% of the company’s stock.
Shotspotter Company Profile
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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