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

Shares of SoundThinking, Inc. (NASDAQ:SSTIGet Free Report) have been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $14.00.

Several research analysts recently commented on SSTI shares. Zacks Research cut SoundThinking from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Wall Street Zen lowered shares of SoundThinking from a “hold” rating to a “strong sell” rating in a report on Saturday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of SoundThinking in a research note on Friday, March 27th.

Read Our Latest Stock Report on SSTI

Insiders Place Their Bets

In other SoundThinking news, major shareholder Veradace Partners Lp purchased 15,773 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average price of $7.14 per share, with a total value of $112,619.22. Following the completion of the transaction, the insider directly owned 2,039,905 shares of the company’s stock, valued at approximately $14,564,921.70. This trade represents a 0.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SoundThinking

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of SoundThinking by 88.6% in the 1st quarter. Royal Bank of Canada now owns 4,173 shares of the company’s stock worth $28,000 after buying an additional 1,960 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in SoundThinking by 160.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock valued at $33,000 after buying an additional 1,688 shares in the last quarter. State of Wyoming acquired a new stake in SoundThinking in the 2nd quarter valued at $33,000. Wells Fargo & Company MN grew its position in SoundThinking by 78.1% in the fourth quarter. Wells Fargo & Company MN now owns 10,448 shares of the company’s stock valued at $84,000 after acquiring an additional 4,580 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in SoundThinking in the fourth quarter valued at $87,000. 60.74% of the stock is currently owned by institutional investors.

SoundThinking Stock Up 2.1%

Shares of SSTI opened at $6.78 on Monday. The stock’s 50-day moving average price is $6.67 and its 200 day moving average price is $7.19. The firm has a market capitalization of $87.80 million, a price-to-earnings ratio of -5.84 and a beta of 1.17. SoundThinking has a 12-month low of $5.78 and a 12-month high of $16.92.

SoundThinking (NASDAQ:SSTIGet Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.30). The firm had revenue of $24.18 million during the quarter, compared to the consensus estimate of $24.27 million. SoundThinking had a negative return on equity of 20.76% and a negative net margin of 14.95%. Equities research analysts expect that SoundThinking will post -0.69 EPS for the current year.

SoundThinking Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for SoundThinking (NASDAQ:SSTI)

Receive News & Ratings for SoundThinking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SoundThinking and related companies with MarketBeat.com's FREE daily email newsletter.