ShotSpotter, Inc. (NASDAQ:SSTI) to Post Q1 2023 Earnings of ($0.03) Per Share, Northland Capmk Forecasts

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.

ShotSpotter Trading Down 1.3 %

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.

Institutional Inflows and Outflows

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 Company Profile

(Get Rating)

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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