SoundThinking, Inc. (NASDAQ:SSTI) Receives $21.20 Consensus Target Price from Analysts

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $21.20.

Several research firms have weighed in on SSTI. JMP Securities dropped their price target on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 13th. Craig Hallum dropped their price objective on SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Finally, Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a report on Thursday, November 14th.

Insider Activity

In other news, CFO Alan R. Stewart sold 15,000 shares of SoundThinking stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total transaction of $209,250.00. Following the transaction, the chief financial officer now owns 138,851 shares in the company, valued at approximately $1,936,971.45. The trade was a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 19,688 shares of company stock valued at $267,576 over the last three months. Insiders own 9.20% of the company’s stock.

Hedge Funds Weigh In On SoundThinking

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers lifted its stake in SoundThinking by 5.4% in the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock valued at $170,000 after acquiring an additional 716 shares during the last quarter. Cim LLC lifted its stake in shares of SoundThinking by 18.5% in the 2nd quarter. Cim LLC now owns 19,828 shares of the company’s stock valued at $266,000 after purchasing an additional 3,094 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in SoundThinking by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company’s stock worth $482,000 after purchasing an additional 3,268 shares in the last quarter. BNP Paribas Financial Markets increased its position in SoundThinking by 145.2% during the third quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock worth $102,000 after buying an additional 5,236 shares during the last quarter. Finally, State Street Corp raised its holdings in SoundThinking by 4.3% during the third quarter. State Street Corp now owns 197,024 shares of the company’s stock valued at $2,284,000 after buying an additional 8,078 shares in the last quarter. 60.74% of the stock is currently owned by hedge funds and other institutional investors.

SoundThinking Stock Performance

NASDAQ:SSTI opened at $12.48 on Friday. The stock has a market capitalization of $157.12 million, a price-to-earnings ratio of -103.99 and a beta of 1.19. SoundThinking has a 1 year low of $9.33 and a 1 year high of $26.92. The stock has a fifty day moving average price of $11.95 and a two-hundred day moving average price of $12.93.

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