Shotspotter (NASDAQ:SSTI) is scheduled to be announcing its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Shotspotter (NASDAQ:SSTI) last issued its earnings results on Thursday, May 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.03). Shotspotter had a negative return on equity of 9.63% and a negative net margin of 4.99%. The business had revenue of $9.59 million during the quarter, compared to analysts’ expectations of $9.77 million. During the same quarter in the previous year, the business earned ($0.12) EPS. The company’s revenue for the quarter was up 38.8% on a year-over-year basis. On average, analysts expect Shotspotter to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NASDAQ:SSTI opened at $37.51 on Tuesday. Shotspotter has a 1 year low of $26.55 and a 1 year high of $66.14. The stock has a market cap of $432.80 million, a PE ratio of -144.27, a P/E/G ratio of 11.95 and a beta of 2.55. The business’s 50-day moving average price is $41.57.
In related news, Director Thomas T. Groos sold 55,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $44.91, for a total transaction of $2,470,050.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Pascal Levensohn sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $42.08, for a total value of $105,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 82,684 shares of company stock worth $3,735,644 over the last three months. 11.40% of the stock is currently owned by corporate insiders.
SSTI has been the subject of a number of research reports. Zacks Investment Research cut Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Lake Street Capital set a $50.00 target price on Shotspotter and gave the stock a “buy” rating in a report on Friday, May 10th. Northland Securities set a $75.00 target price on Rapid7 and gave the stock a “buy” rating in a report on Monday, July 15th. Imperial Capital upgraded Nautilus from an “in-line” rating to an “outperform” rating and set a $4.50 target price for the company in a report on Wednesday, July 17th. Finally, BidaskClub cut Xperi from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $52.12.
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.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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