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

SoundThinking, Inc. (NASDAQ:SSTI) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $21.20.

Several equities analysts have weighed in on SSTI shares. Craig Hallum cut their target price on SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. JMP Securities cut their target price on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a research note on Wednesday, November 13th. Finally, Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th.

Insider Buying and Selling at SoundThinking

In other news, CEO Ralph A. Clark sold 6,479 shares of SoundThinking stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $13.64, for a total value of $88,373.56. Following the transaction, the chief executive officer now owns 529,894 shares in the company, valued at approximately $7,227,754.16. This trade represents a 1.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 13,332 shares of company stock valued at $185,826 in the last three months. Corporate insiders own 9.20% of the company’s stock.

Institutional Investors Weigh In On SoundThinking

A number of hedge funds and other institutional investors have recently bought and sold shares of SSTI. Vanguard Group Inc. lifted its stake in shares of SoundThinking by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 504,435 shares of the company’s stock valued at $8,010,000 after purchasing an additional 32,452 shares during the period. Quadrature Capital Ltd acquired a new position in SoundThinking during the 1st quarter worth approximately $923,000. Bares Capital Management Inc. raised its stake in SoundThinking by 4.9% during the 1st quarter. Bares Capital Management Inc. now owns 775,400 shares of the company’s stock worth $12,313,000 after buying an additional 36,187 shares during the period. Bank of New York Mellon Corp raised its stake in SoundThinking by 9.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company’s stock worth $482,000 after buying an additional 3,268 shares during the period. Finally, Pullen Investment Management LLC acquired a new position in SoundThinking during the 2nd quarter worth approximately $632,000. Institutional investors own 60.74% of the company’s stock.

SoundThinking Stock Up 0.3 %

Shares of SSTI opened at $11.76 on Wednesday. SoundThinking has a 12-month low of $9.33 and a 12-month high of $26.92. The firm has a market capitalization of $148.06 million, a PE ratio of -97.99 and a beta of 1.17. The stock’s fifty day simple moving average is $11.67 and its 200-day simple moving average is $13.14.

SoundThinking (NASDAQ:SSTI) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.03). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The firm had revenue of $26.25 million for the quarter, compared to analyst estimates of $26.20 million. During the same period last year, the company earned ($0.09) EPS. Analysts anticipate that SoundThinking will post -0.39 EPS for the current year.

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.