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

SoundThinking, Inc. (NASDAQ:SSTI) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $21.20.

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

Insider Buying and Selling

In related news, CEO Ralph A. Clark sold 5,933 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $11.61, for a total value of $68,882.13. Following the transaction, the chief executive officer now owns 520,774 shares in the company, valued at approximately $6,046,186.14. This represents a 1.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alan R. Stewart sold 15,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 138,851 shares in the company, valued at approximately $1,936,971.45. This trade represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,621 shares of company stock valued at $336,458 over the last three months. 9.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On SoundThinking

Hedge funds and other institutional investors have recently bought and sold shares of the business. Disciplined Growth Investors Inc. MN purchased a new stake in SoundThinking in the 3rd quarter worth approximately $5,354,000. Federated Hermes Inc. lifted its position in shares of SoundThinking by 14.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,505,000 shares of the company’s stock valued at $18,331,000 after buying an additional 190,000 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in shares of SoundThinking by 56.6% during the 3rd quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company’s stock valued at $4,197,000 after buying an additional 130,913 shares in the last quarter. Pullen Investment Management LLC lifted its position in shares of SoundThinking by 70.0% during the 3rd quarter. Pullen Investment Management LLC now owns 88,152 shares of the company’s stock valued at $1,022,000 after buying an additional 36,290 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of SoundThinking during the 2nd quarter valued at approximately $398,000. Institutional investors and hedge funds own 60.74% of the company’s stock.

SoundThinking Stock Down 1.8 %

SSTI stock opened at $13.20 on Thursday. SoundThinking has a twelve month low of $9.33 and a twelve month high of $24.44. The stock has a market capitalization of $166.17 million, a price-to-earnings ratio of -109.99 and a beta of 1.18. The firm’s fifty day simple moving average is $12.34 and its two-hundred day simple moving average is $12.72.

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 analysts’ consensus estimates of ($0.08) by ($0.03). The company had revenue of $26.25 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm posted ($0.09) earnings per share. As a group, equities research analysts expect 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.