SoundThinking, Inc. (NASDAQ:SSTI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $17.6667.

Several research firms recently weighed in on SSTI. Zacks Research upgraded SoundThinking from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Citizens Jmp cut their price target on shares of SoundThinking from $19.00 to $16.00 and set a “market outperform” rating on the stock in a report on Thursday, November 13th. Cantor Fitzgerald reduced their price objective on shares of SoundThinking from $20.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Lake Street Capital dropped their target price on SoundThinking from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Finally, Craig Hallum cut SoundThinking from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a research note on Thursday, November 13th.

SoundThinking Trading Up 1.3%

Shares of NASDAQ SSTI opened at $8.03 on Friday. SoundThinking has a 12-month low of $5.78 and a 12-month high of $19.43. The firm’s 50-day moving average price is $7.97 and its 200-day moving average price is $11.17. The stock has a market capitalization of $101.92 million, a price-to-earnings ratio of -9.55 and a beta of 1.17.

SoundThinking (NASDAQ:SSTI) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09). SoundThinking had a negative return on equity of 14.57% and a negative net margin of 10.44%.The company had revenue of $25.10 million for the quarter, compared to the consensus estimate of $27.97 million. On average, equities analysts predict that SoundThinking will post -0.42 EPS for the current fiscal year.

Institutional Trading of SoundThinking

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in shares of SoundThinking during the third quarter valued at $31,000. BNP Paribas Financial Markets lifted its holdings in SoundThinking by 160.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock valued at $33,000 after buying an additional 1,688 shares in the last quarter. State of Wyoming purchased a new stake in SoundThinking in the 2nd quarter valued at about $33,000. MetLife Investment Management LLC bought a new position in SoundThinking in the 1st quarter worth about $98,000. Finally, Strs Ohio purchased a new position in shares of SoundThinking during the first quarter worth approximately $127,000. Hedge funds and other institutional investors own 60.74% of the company’s stock.

About SoundThinking

SoundThinking, Inc, a public safety technology company that provides transformative solutions and strategic advisory services for law enforcement and civic leadership. Its SafetySmart Platform, an integrated suite of data-driven tools that enable law enforcement and community violence prevention and health organizations to be efficient in public safety outcomes. It offers ShotSpotter, an acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; and ResourceRouter, a software that directs patrol and community anti-violence resources to help maximize their impact.