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

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

SSTI has been the topic of a number of recent analyst reports. JMP Securities lowered their price objective on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 13th. Craig Hallum lowered their price target on SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Finally, Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a research report on Thursday, November 14th.

SoundThinking Price Performance

NASDAQ:SSTI opened at $13.00 on Thursday. The stock’s fifty day moving average price is $12.42 and its two-hundred day moving average price is $12.73. The company has a market cap of $163.66 million, a P/E ratio of -108.32 and a beta of 1.18. SoundThinking has a 1 year low of $9.33 and a 1 year high of $24.44.

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

Insiders Place Their Bets

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 transaction, the chief financial officer now directly owns 138,851 shares of the company’s stock, valued at approximately $1,936,971.45. This trade represents a 9.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ralph A. Clark sold 5,933 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 520,774 shares of the company’s stock, valued at approximately $6,046,186.14. This represents a 1.13 % 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 90 days. Insiders own 9.20% of the company’s stock.

Hedge Funds Weigh In On SoundThinking

Institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its position in SoundThinking by 5.4% during the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock valued at $170,000 after buying an additional 716 shares during the period. 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 acquiring an additional 3,094 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in SoundThinking by 9.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company’s stock valued at $482,000 after acquiring an additional 3,268 shares during the period. BNP Paribas Financial Markets grew its position in SoundThinking by 145.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock worth $102,000 after acquiring an additional 5,236 shares during the last quarter. Finally, State Street Corp grew its position 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 acquiring an additional 8,078 shares during the last quarter. Institutional investors 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.