Analysts Set SoundThinking, Inc. (NASDAQ:SSTI) Target Price at $21.20

SoundThinking, Inc. (NASDAQ:SSTI) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $21.20.

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

Insider Activity

In related news, CFO Alan R. Stewart sold 15,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total value of $209,250.00. Following the sale, the chief financial officer now owns 138,851 shares in the company, valued at approximately $1,936,971.45. The trade was a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ralph A. Clark sold 5,933 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $68,882.13. Following the completion of the sale, the chief executive officer now owns 520,774 shares in the company, valued at $6,046,186.14. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,621 shares of company stock worth $336,458 over the last quarter. Insiders own 9.20% of the company’s stock.

Institutional Investors Weigh In On SoundThinking

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its position in SoundThinking by 145.2% in the third quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock worth $102,000 after purchasing an additional 5,236 shares during the last quarter. Rhumbline Advisers increased its position in SoundThinking by 5.4% in the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after purchasing an additional 716 shares during the last quarter. Ibex Investors LLC bought a new position in SoundThinking during the second quarter valued at $171,000. Cim LLC increased its position in SoundThinking by 18.5% during the second quarter. Cim LLC now owns 19,828 shares of the company’s stock valued at $266,000 after acquiring an additional 3,094 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in SoundThinking during the second quarter valued at $298,000. Institutional investors own 60.74% of the company’s stock.

SoundThinking Trading Down 1.8 %

SSTI opened at $13.20 on Thursday. The company has a market cap of $166.17 million, a price-to-earnings ratio of -109.99 and a beta of 1.18. The company’s 50 day moving average is $12.34 and its 200 day moving average is $12.72. SoundThinking has a 12-month low of $9.33 and a 12-month high of $24.44.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). The business had revenue of $26.25 million during the quarter, compared to analysts’ expectations of $26.20 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. During the same period in the previous year, the business posted ($0.09) EPS. As a group, analysts predict that SoundThinking will post -0.39 EPS for the current fiscal year.

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.