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

SoundThinking, Inc. (NASDAQ:SSTI) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.20.

SSTI has been the topic of several analyst reports. Craig Hallum raised shares of SoundThinking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $20.00 target price on shares of SoundThinking in a research report on Wednesday, February 26th.

Institutional Investors Weigh In On SoundThinking

Several institutional investors have recently added to or reduced their stakes in SSTI. Kopion Asset Management LLC grew its position in shares of SoundThinking by 24.2% during the fourth quarter. Kopion Asset Management LLC now owns 727,144 shares of the company’s stock worth $9,497,000 after acquiring an additional 141,630 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in SoundThinking by 93.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 56,072 shares of the company’s stock worth $650,000 after purchasing an additional 27,091 shares during the period. Walleye Capital LLC grew its position in SoundThinking by 61.9% during the 3rd quarter. Walleye Capital LLC now owns 51,932 shares of the company’s stock worth $602,000 after purchasing an additional 19,861 shares during the last quarter. Barclays PLC increased its stake in SoundThinking by 245.5% in the third quarter. Barclays PLC now owns 24,755 shares of the company’s stock valued at $286,000 after purchasing an additional 17,591 shares during the period. Finally, Disciplined Growth Investors Inc. MN purchased a new stake in shares of SoundThinking in the third quarter valued at about $5,354,000. Hedge funds and other institutional investors own 60.74% of the company’s stock.

SoundThinking Trading Up 5.5 %

SSTI opened at $18.87 on Tuesday. SoundThinking has a twelve month low of $9.33 and a twelve month high of $18.95. The firm has a market capitalization of $237.55 million, a PE ratio of -157.24 and a beta of 1.39. The firm’s 50-day moving average price is $14.66 and its 200 day moving average price is $13.07.

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