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

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $20.80.

A number of equities analysts recently commented on SSTI shares. Weiss Ratings restated a “sell (d-)” rating on shares of SoundThinking in a report on Saturday, September 27th. Wall Street Zen downgraded SoundThinking from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Finally, Lake Street Capital decreased their target price on SoundThinking from $20.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, August 13th.

SoundThinking Stock Performance

NASDAQ:SSTI opened at $11.98 on Friday. The firm has a market cap of $153.22 million, a PE ratio of -15.16 and a beta of 1.18. The business has a 50 day moving average price of $12.14 and a 200-day moving average price of $14.22. SoundThinking has a fifty-two week low of $9.33 and a fifty-two week high of $19.43.

SoundThinking (NASDAQ:SSTI) last announced its earnings results on Tuesday, August 12th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.15). The business had revenue of $25.89 million for the quarter, compared to the consensus estimate of $26.61 million. SoundThinking had a negative net margin of 9.74% and a negative return on equity of 13.76%. SoundThinking has set its FY 2025 guidance at EPS. Research analysts predict that SoundThinking will post -0.42 EPS for the current year.

Insider Buying and Selling

In other SoundThinking news, CEO Ralph A. Clark sold 16,161 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $11.80, for a total transaction of $190,699.80. Following the completion of the transaction, the chief executive officer owned 588,638 shares of the company’s stock, valued at approximately $6,945,928.40. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 18,925 shares of company stock worth $223,967 over the last ninety days. Company insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On SoundThinking

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in SoundThinking by 6.5% during the second quarter. Rhumbline Advisers now owns 15,960 shares of the company’s stock valued at $208,000 after buying an additional 980 shares during the period. Pullen Investment Management LLC lifted its position in SoundThinking by 1.0% during the second quarter. Pullen Investment Management LLC now owns 160,653 shares of the company’s stock valued at $2,097,000 after buying an additional 1,515 shares during the period. Cubist Systematic Strategies LLC lifted its position in SoundThinking by 9.7% during the first quarter. Cubist Systematic Strategies LLC now owns 23,068 shares of the company’s stock valued at $391,000 after buying an additional 2,033 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in SoundThinking by 3.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 72,931 shares of the company’s stock valued at $1,236,000 after buying an additional 2,198 shares during the period. Finally, State of Wyoming purchased a new position in SoundThinking during the second quarter valued at $33,000. 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.