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

SoundThinking, Inc. (NASDAQ:SSTI) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $21.20.

Several equities research analysts recently commented on SSTI shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $20.00 target price on shares of SoundThinking in a research note on Wednesday, February 26th. Craig Hallum raised SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th.

Institutional Investors Weigh In On SoundThinking

A number of hedge funds and other institutional investors have recently modified their holdings of SSTI. R Squared Ltd bought a new position in SoundThinking during the 4th quarter valued at approximately $70,000. Diversified Investment Strategies LLC bought a new position in SoundThinking during the 4th quarter valued at approximately $131,000. GAMMA Investing LLC raised its position in SoundThinking by 6,553.7% during the 1st quarter. GAMMA Investing LLC now owns 13,374 shares of the company’s stock valued at $227,000 after purchasing an additional 13,173 shares during the last quarter. Rhumbline Advisers raised its position in SoundThinking by 10.1% during the 1st quarter. Rhumbline Advisers now owns 14,980 shares of the company’s stock valued at $254,000 after purchasing an additional 1,373 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in SoundThinking by 77.0% during the 4th quarter. BNP Paribas Financial Markets now owns 15,655 shares of the company’s stock valued at $204,000 after purchasing an additional 6,812 shares during the last quarter. Institutional investors own 60.74% of the company’s stock.

SoundThinking Stock Performance

SSTI opened at $15.47 on Wednesday. The firm has a market cap of $195.94 million, a P/E ratio of -128.91 and a beta of 1.21. SoundThinking has a 52-week low of $9.33 and a 52-week high of $19.43. The business’s fifty day moving average is $16.21 and its 200-day moving average is $14.11.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The business had revenue of $23.41 million for the quarter, compared to the consensus estimate of $26.65 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. On average, research analysts predict that SoundThinking will post -0.42 earnings per share 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.