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

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $21.20.

A number of research firms have recently issued reports on SSTI. Craig Hallum raised shares of SoundThinking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Cantor Fitzgerald restated an “overweight” rating and set a $20.00 price target on shares of SoundThinking in a research report on Wednesday. Finally, JMP Securities cut their price objective on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a report on Wednesday, November 13th.

SoundThinking Stock Performance

Shares of NASDAQ SSTI opened at $16.26 on Friday. The firm has a fifty day moving average of $13.47 and a 200 day moving average of $12.86. The firm has a market cap of $204.70 million, a PE ratio of -135.49 and a beta of 1.18. SoundThinking has a one year low of $9.33 and a one year high of $18.39.

SoundThinking (NASDAQ:SSTI) last released its earnings results on Tuesday, February 25th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. The company had revenue of $23.41 million for the quarter, compared to analysts’ expectations of $26.65 million. On average, equities analysts predict that SoundThinking will post -0.42 EPS for the current fiscal year.

Insider Transactions at SoundThinking

In related news, CFO Alan R. Stewart sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 represents a 9.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ralph A. Clark sold 5,933 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.61, for a total value of $68,882.13. Following the sale, the chief executive officer now directly owns 520,774 shares in the company, valued at $6,046,186.14. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,350 shares of company stock worth $308,032. 9.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SoundThinking

Hedge funds have recently bought and sold shares of the stock. Kopion Asset Management LLC increased its position in shares of SoundThinking by 24.2% in the 4th quarter. Kopion Asset Management LLC now owns 727,144 shares of the company’s stock valued at $9,497,000 after purchasing an additional 141,630 shares during the last quarter. Disciplined Growth Investors Inc. MN acquired a new position in shares of SoundThinking during the third quarter worth $5,354,000. Rice Hall James & Associates LLC increased its holdings in SoundThinking by 9.8% in the fourth quarter. Rice Hall James & Associates LLC now owns 397,728 shares of the company’s stock valued at $5,194,000 after buying an additional 35,584 shares during the last quarter. Geode Capital Management LLC raised its stake in SoundThinking by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 216,121 shares of the company’s stock valued at $2,823,000 after buying an additional 2,547 shares in the last quarter. Finally, State Street Corp lifted its holdings in SoundThinking by 4.3% during the 3rd quarter. State Street Corp now owns 197,024 shares of the company’s stock worth $2,284,000 after buying an additional 8,078 shares during the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

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.