ShotSpotter, Inc. (NASDAQ:SSTI – Get Rating) – Investment analysts at William Blair decreased their Q2 2022 earnings estimates for ShotSpotter in a report issued on Wednesday, May 11th. William Blair analyst M. Pfau now forecasts that the company will post earnings of ($0.04) per share for the quarter, down from their previous estimate of ($0.03). William Blair also issued estimates for ShotSpotter’s Q3 2022 earnings at ($0.04) EPS, Q4 2022 earnings at ($0.02) EPS, FY2022 earnings at ($0.08) EPS and Q1 2023 earnings at $0.03 EPS.
Several other equities research analysts have also weighed in on SSTI. Zacks Investment Research lowered ShotSpotter from a “hold” rating to a “sell” rating in a research note on Saturday. Lake Street Capital cut their price objective on ShotSpotter from $42.00 to $29.00 in a report on Wednesday, February 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $46.00.
ShotSpotter (NASDAQ:SSTI – Get Rating) last announced its quarterly earnings results on Tuesday, February 22nd. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.13). ShotSpotter had a negative return on equity of 6.17% and a negative net margin of 6.41%. The company had revenue of $13.97 million for the quarter, compared to analyst estimates of $16.03 million.
A number of large investors have recently modified their holdings of SSTI. Citigroup Inc. raised its position in shares of ShotSpotter by 100.7% in the third quarter. Citigroup Inc. now owns 1,130 shares of the company’s stock valued at $41,000 after buying an additional 567 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of ShotSpotter by 373.6% during the third quarter. BNP Paribas Arbitrage SA now owns 1,648 shares of the company’s stock worth $60,000 after buying an additional 1,300 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of ShotSpotter by 18.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,047 shares of the company’s stock worth $90,000 after purchasing an additional 469 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of ShotSpotter in the first quarter worth $110,000. Finally, SG Americas Securities LLC acquired a new position in ShotSpotter in the third quarter valued at $120,000. Institutional investors and hedge funds own 59.20% of the company’s stock.
In other ShotSpotter news, Director Randall Hawks acquired 6,695 shares of the company’s stock in a transaction that occurred on Wednesday, March 9th. The shares were acquired at an average price of $29.82 per share, with a total value of $199,644.90. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders sold 1,714 shares of company stock worth $47,613. 10.60% of the stock is currently owned by company insiders.
About ShotSpotter (Get Rating)
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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