Cantor Fitzgerald Reiterates Overweight Rating for SoundThinking (NASDAQ:SSTI)

Cantor Fitzgerald reissued their overweight rating on shares of SoundThinking (NASDAQ:SSTI) in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a $20.00 target price on the stock.

Separately, Craig Hallum upgraded SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

SoundThinking Stock Performance

Shares of NASDAQ SSTI opened at $16.00 on Wednesday. The stock has a market capitalization of $202.66 million, a P/E ratio of -133.32 and a beta of 1.21. The stock’s fifty day moving average is $16.21 and its 200 day moving average is $14.17. SoundThinking has a 52 week low of $9.33 and a 52 week high of $19.43.

SoundThinking (NASDAQ:SSTI) last released its earnings results on Tuesday, May 13th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The firm had revenue of $28.35 million during the quarter, compared to the consensus estimate of $26.91 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. Equities research analysts forecast that SoundThinking will post -0.42 earnings per share for the current year.

Institutional Trading of SoundThinking

A number of hedge funds have recently added to or reduced their stakes in SSTI. R Squared Ltd acquired a new position in shares of SoundThinking during the fourth quarter worth $70,000. MetLife Investment Management LLC bought a new position in SoundThinking in the first quarter valued at about $98,000. Diversified Investment Strategies LLC acquired a new stake in shares of SoundThinking during the fourth quarter valued at about $131,000. BNP Paribas Financial Markets increased its stake in shares of SoundThinking by 77.0% in the fourth quarter. BNP Paribas Financial Markets now owns 15,655 shares of the company’s stock valued at $204,000 after buying an additional 6,812 shares during the period. Finally, GAMMA Investing LLC raised its holdings in SoundThinking by 6,553.7% in the 1st quarter. GAMMA Investing LLC now owns 13,374 shares of the company’s stock valued at $227,000 after buying an additional 13,173 shares during the last quarter. 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.