1 month ago
MarketBeat
ShotSpotter, Inc. (NASDAQ:SSTI - Get Rating) - Investment analysts at William Blair lifted their Q4 2023 earnings estimates for shares of ShotSpotter in a research report issued on Wednesday, February 22nd. William Blair analyst M. Pfau now forecasts that the company will post earnings per share of $0.06 for the quarter, up from their previous forecast of $0.05. The consensus estimate for ShotSpotter's current full-year earnings is $0.22 per share. William Blair also issued estimates for ShotSpotter's Q1 2024 earnings at $0.10 EPS, Q2 2024 earnings at $0.10 EPS, Q3 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.11 EPS and FY2024 earnings at $0.42 EPS.
Several other research analysts also recently issued reports on the stock. Lake Street Capital boosted their price objective on shares of ShotSpotter from $38.00 to $44.00 and gave the stock a "buy" rating in a report on Thursday. Robert W. Baird dropped their price objective on shares of ShotSpotter from $50.00 to $45.00 in a report on Thursday, November 10th.
NASDAQ:SSTI opened at $33.84 on Friday. The firm's 50-day moving average is $35.24 and its 200-day moving average is $33.45. ShotSpotter has a 52-week low of $22.63 and a 52-week high of $39.28. The company has a market cap of $412.85 million, a price-to-earnings ratio of 66.35, a PEG ratio of 5.29 and a beta of 1.32.
Several institutional investors have recently made changes to their positions in SSTI. Swiss National Bank boosted its position in shares of ShotSpotter by 7.3% during the 1st quarter. Swiss National Bank now owns 20,700 shares of the company's stock valued at $574,000 after acquiring an additional 1,400 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of ShotSpotter by 58.5% during the 1st quarter. MetLife Investment Management LLC now owns 4,973 shares of the company's stock valued at $138,000 after acquiring an additional 1,835 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of ShotSpotter by 13.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 119,593 shares of the company's stock valued at $3,315,000 after acquiring an additional 13,809 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of ShotSpotter by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 540,826 shares of the company's stock valued at $14,992,000 after acquiring an additional 43,758 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of ShotSpotter by 2.7% during the 1st quarter. Federated Hermes Inc. now owns 1,150,000 shares of the company's stock valued at $31,878,000 after acquiring an additional 30,000 shares in the last quarter. 61.15% of the stock is currently owned by institutional investors and hedge funds.
ShotSpotter, Inc provides gunshot detection solutions. It helps law enforcement officials and security personnel identify, locate, and respond to gun violence. The firm offers solutions on a SaaS-based subscription model to customers around the world. The company was founded by Robert B. Calhoun, Jason Dunham, and Robert Leroy Showen in 1996 and is headquartered in Fremont, CA.
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