SoundThinking, Inc. (NASDAQ:SSTI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $21.20.

Several analysts have issued reports on the stock. Cantor Fitzgerald raised shares of SoundThinking to a “strong-buy” rating in a research report on Thursday, November 14th. JMP Securities reduced their price target on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a report on Wednesday, November 13th. Finally, Craig Hallum dropped their price objective on SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th.

Insider Buying and Selling at SoundThinking

In other SoundThinking news, CEO Ralph A. Clark sold 5,933 shares of the 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 transaction, the chief executive officer now owns 520,774 shares in the company, valued at $6,046,186.14. This trade represents a 1.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Alan R. Stewart sold 15,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total transaction of $209,250.00. Following the completion of the sale, the chief financial officer now directly owns 138,851 shares of the company’s stock, valued at approximately $1,936,971.45. The trade was a 9.75 % 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 valued at $336,458 in the last three months. 9.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SoundThinking

A number of hedge funds and other institutional investors have recently made changes to their positions in SSTI. R Squared Ltd bought a new position in SoundThinking during the 4th quarter worth $70,000. BNP Paribas Financial Markets increased its position in shares of 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 period. Diversified Investment Strategies LLC acquired a new position in SoundThinking in the fourth quarter valued at about $131,000. Rhumbline Advisers lifted its position in SoundThinking by 5.4% during 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 period. Finally, Cim LLC grew its stake in SoundThinking by 18.5% during the second quarter. Cim LLC now owns 19,828 shares of the company’s stock worth $266,000 after buying an additional 3,094 shares in the last quarter. 60.74% of the stock is currently owned by institutional investors and hedge funds.

SoundThinking Price Performance

SoundThinking stock opened at $13.85 on Monday. The company has a market cap of $174.37 million, a price-to-earnings ratio of -115.41 and a beta of 1.18. The firm has a 50-day moving average of $12.85 and a 200-day moving average of $12.84. SoundThinking has a one year low of $9.33 and a one year high of $22.37.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $26.25 million during the quarter, compared to the consensus estimate of $26.20 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. As a group, sell-side analysts expect that SoundThinking will post -0.39 earnings per share 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.