Shotspotter Inc (NASDAQ:SSTI) to Post FY2019 Earnings of $0.11 Per Share, B. Riley Forecasts

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.

Several other research analysts have also recently weighed in on the company. Roth Capital cut their price objective on Shotspotter from $64.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday. Imperial Capital cut their price objective on Shotspotter from $48.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. BidaskClub cut Shotspotter from a “sell” rating to a “strong sell” rating in a research report on Friday, September 27th. JMP Securities cut their price objective on Shotspotter from $35.00 to $27.00 and set a “market outperform” rating on the stock in a research report on Wednesday. Finally, TheStreet cut Shotspotter from a “c-” rating to a “d+” rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $37.56.

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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Earnings History and Estimates for Shotspotter (NASDAQ:SSTI)

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