SoundThinking, Inc. (NASDAQ:SSTI) Receives Consensus Rating of “Hold” from Analysts

SoundThinking, Inc. (NASDAQ:SSTI) has been given a consensus recommendation of “Hold” by the seven brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $14.00.

A number of analysts have recently commented on the stock. Wall Street Zen lowered shares of SoundThinking from a “hold” rating to a “strong sell” rating in a research report on Saturday. Weiss Ratings reissued a “sell (e+)” rating on shares of SoundThinking in a research report on Friday, March 27th. Finally, Zacks Research lowered shares of SoundThinking from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th.

SoundThinking Price Performance

Shares of SSTI stock opened at $6.78 on Monday. The company’s fifty day simple moving average is $6.67 and its 200-day simple moving average is $7.17. The firm has a market cap of $87.80 million, a PE ratio of -5.84 and a beta of 1.17. SoundThinking has a 12 month low of $5.78 and a 12 month high of $16.92.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.30). The business had revenue of $24.18 million during the quarter, compared to the consensus estimate of $24.27 million. SoundThinking had a negative return on equity of 20.76% and a negative net margin of 14.95%. On average, equities analysts predict that SoundThinking will post -0.69 earnings per share for the current fiscal year.

Insider Transactions at SoundThinking

In other news, major shareholder Veradace Partners Lp purchased 15,773 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were purchased at an average cost of $7.14 per share, with a total value of $112,619.22. Following the completion of the transaction, the insider owned 2,039,905 shares of the company’s stock, valued at $14,564,921.70. The trade was a 0.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.40% of the company’s stock.

Institutional Trading of SoundThinking

Several institutional investors and hedge funds have recently added to or reduced their stakes in SSTI. Royal Bank of Canada raised its position in SoundThinking by 88.6% during the first quarter. Royal Bank of Canada now owns 4,173 shares of the company’s stock worth $28,000 after acquiring an additional 1,960 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of SoundThinking by 160.5% in the third quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock valued at $33,000 after acquiring an additional 1,688 shares in the last quarter. State of Wyoming acquired a new position in shares of SoundThinking in the second quarter valued at about $33,000. Wells Fargo & Company MN grew its stake in SoundThinking by 78.1% during the fourth quarter. Wells Fargo & Company MN now owns 10,448 shares of the company’s stock worth $84,000 after buying an additional 4,580 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in SoundThinking during the fourth quarter worth about $87,000. 60.74% of the stock is owned by institutional investors.

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.