26 days ago
MarketBeat
ShotSpotter, Inc. (NASDAQ:SSTI - Get Rating) - Equities research analysts at Northland Capmk issued their Q1 2023 earnings estimates for shares of ShotSpotter in a report released on Thursday, February 23rd. Northland Capmk analyst M. Latimore anticipates that the company will post earnings per share of ($0.03) for the quarter. The consensus estimate for ShotSpotter's current full-year earnings is $0.21 per share. Northland Capmk also issued estimates for ShotSpotter's Q1 2024 earnings at $0.17 EPS, Q2 2024 earnings at $0.21 EPS, Q3 2024 earnings at $0.21 EPS, Q4 2024 earnings at $0.23 EPS and FY2024 earnings at $0.82 EPS.
SSTI has been the subject of a number of other research reports. Robert W. Baird dropped their price objective on shares of ShotSpotter from $50.00 to $45.00 in a report on Thursday, November 10th. Lake Street Capital raised their price objective on shares of ShotSpotter from $38.00 to $44.00 and gave the company a "buy" rating in a report on Thursday.
SSTI opened at $33.41 on Monday. The company's 50 day moving average is $35.20 and its 200-day moving average is $33.42. The company has a market cap of $407.60 million, a P/E ratio of 65.51, a PEG ratio of 5.22 and a beta of 1.32. ShotSpotter has a 1-year low of $24.33 and a 1-year high of $39.28.
Several hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. acquired a new stake in shares of ShotSpotter during the 4th quarter worth approximately $220,000. CI Private Wealth LLC acquired a new stake in shares of ShotSpotter during the 4th quarter worth approximately $254,000. Select Equity Group L.P. grew its position in shares of ShotSpotter by 11.0% during the 4th quarter. Select Equity Group L.P. now owns 79,557 shares of the company's stock worth $2,691,000 after buying an additional 7,868 shares during the period. Mainsail Management Company LLC acquired a new stake in shares of ShotSpotter during the 4th quarter worth approximately $3,787,000. Finally, Millennium Management LLC grew its position in shares of ShotSpotter by 26.7% during the 4th quarter. Millennium Management LLC now owns 56,891 shares of the company's stock worth $1,925,000 after buying an additional 11,976 shares during the period. Institutional investors own 61.15% of the company's stock.
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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