SoundThinking, Inc. (NASDAQ:SSTI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $21.20.

A number of brokerages recently issued reports on SSTI. JMP Securities cut their price objective on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th. Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a research report on Thursday, November 14th. Finally, Craig Hallum decreased their price objective on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th.

SoundThinking Price Performance

Shares of SoundThinking stock opened at $13.35 on Monday. SoundThinking has a 1 year low of $9.33 and a 1 year high of $22.37. The firm’s 50-day moving average is $13.03 and its 200 day moving average is $12.85. The stock has a market cap of $168.06 million, a price-to-earnings ratio of -111.24 and a beta of 1.18.

SoundThinking (NASDAQ:SSTI) last issued its earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The firm had revenue of $26.25 million during the quarter, compared to the consensus estimate of $26.20 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. During the same quarter in the prior year, the company posted ($0.09) EPS. On average, equities analysts expect that SoundThinking will post -0.39 EPS for the current fiscal year.

Insider Activity at SoundThinking

In related news, CFO Alan R. Stewart sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total transaction of $209,250.00. Following the sale, the chief financial officer now directly owns 138,851 shares of the company’s stock, valued at $1,936,971.45. This trade represents a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ralph A. Clark sold 5,933 shares of SoundThinking stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $11.61, for a total transaction of $68,882.13. Following the transaction, the chief executive officer now directly owns 520,774 shares of the company’s stock, valued at approximately $6,046,186.14. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,621 shares of company stock valued at $336,458 over the last quarter. 9.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SoundThinking

A number of institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd acquired a new position in shares of SoundThinking in the 4th quarter worth approximately $70,000. BNP Paribas Financial Markets raised its position in SoundThinking by 145.2% in the third quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock valued at $102,000 after purchasing an additional 5,236 shares during the period. Diversified Investment Strategies LLC acquired a new position in SoundThinking during the fourth quarter worth $131,000. Rhumbline Advisers boosted its position in shares of SoundThinking by 5.4% during the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after buying an additional 716 shares during the period. Finally, Cim LLC grew its stake in shares of SoundThinking by 18.5% in the second quarter. Cim LLC now owns 19,828 shares of the company’s stock valued at $266,000 after buying an additional 3,094 shares in the last quarter. 60.74% of the stock is currently owned by institutional investors and hedge funds.

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.