SoundThinking (NASDAQ:SSTI – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.
Several other analysts also recently weighed in on SSTI. Weiss Ratings raised shares of SoundThinking from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Wall Street Zen raised SoundThinking from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 31st. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, SoundThinking currently has an average rating of “Hold” and an average price target of $14.00.
Read Our Latest Stock Analysis on SoundThinking
SoundThinking Price Performance
SoundThinking (NASDAQ:SSTI – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.30). The company had revenue of $24.18 million for the quarter, compared to the consensus estimate of $24.27 million. SoundThinking had a negative net margin of 14.95% and a negative return on equity of 20.76%. Sell-side analysts forecast that SoundThinking will post -0.69 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Kopion Asset Management LLC raised its holdings in shares of SoundThinking by 52.1% in the 4th quarter. Kopion Asset Management LLC now owns 972,108 shares of the company’s stock valued at $7,806,000 after purchasing an additional 333,170 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of SoundThinking by 264.8% during the first quarter. Quantinno Capital Management LP now owns 236,581 shares of the company’s stock valued at $1,566,000 after purchasing an additional 171,733 shares in the last quarter. Wasatch Advisors LP boosted its stake in shares of SoundThinking by 42.9% during the second quarter. Wasatch Advisors LP now owns 534,237 shares of the company’s stock valued at $6,974,000 after purchasing an additional 160,451 shares in the last quarter. Mackenzie Financial Corp increased its holdings in SoundThinking by 50.2% during the fourth quarter. Mackenzie Financial Corp now owns 203,411 shares of the company’s stock valued at $1,640,000 after buying an additional 67,981 shares during the period. Finally, Rice Hall James & Associates LLC increased its holdings in SoundThinking by 8.9% during the first quarter. Rice Hall James & Associates LLC now owns 444,087 shares of the company’s stock valued at $2,940,000 after buying an additional 36,474 shares during the period. Hedge funds and other institutional investors own 60.74% of the company’s stock.
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. 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.
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