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

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $14.00.

SSTI has been the subject of several recent research reports. Zacks Research lowered shares of SoundThinking from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Weiss Ratings cut shares of SoundThinking from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of SoundThinking from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 31st.

SoundThinking Stock Performance

Shares of SoundThinking stock traded down $0.18 during trading on Tuesday, hitting $8.89. 26,452 shares of the company’s stock were exchanged, compared to its average volume of 156,004. The stock has a market capitalization of $115.19 million, a price-to-earnings ratio of -7.67 and a beta of 1.14. The business has a 50-day simple moving average of $7.48 and a 200-day simple moving average of $7.35. SoundThinking has a 52-week low of $5.78 and a 52-week high of $14.26.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.30). The company had revenue of $24.18 million for the quarter, compared to analyst estimates 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 anticipate that SoundThinking will post -0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SoundThinking

A number of large investors have recently bought and sold shares of SSTI. Strs Ohio purchased a new stake in SoundThinking during the 1st quarter worth approximately $127,000. Rhumbline Advisers raised its stake in SoundThinking by 6.5% during the second quarter. Rhumbline Advisers now owns 15,960 shares of the company’s stock worth $208,000 after purchasing an additional 980 shares during the period. Marshall Wace LLP acquired a new position in SoundThinking in the 2nd quarter valued at about $245,000. Manatuck Hill Partners LLC acquired a new position in SoundThinking in the 2nd quarter valued at about $402,000. Finally, Man Group plc grew its stake in shares of SoundThinking by 13.7% in the 2nd quarter. Man Group plc now owns 38,166 shares of the company’s stock valued at $498,000 after buying an additional 4,588 shares during the period. Institutional investors and hedge funds own 60.74% of the company’s stock.

SoundThinking Company Profile

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.