Brokerages Set SoundThinking, Inc. (NASDAQ:SSTI) Target Price at $21.20

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $21.20.

A number of research analysts have weighed in on SSTI shares. Cantor Fitzgerald restated an “overweight” rating and issued a $20.00 price objective on shares of SoundThinking in a report on Wednesday, February 26th. Craig Hallum upgraded shares of SoundThinking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th.

SoundThinking Price Performance

Shares of SSTI opened at $16.22 on Wednesday. SoundThinking has a 1 year low of $9.33 and a 1 year high of $19.43. The business’s 50 day simple moving average is $16.22 and its 200-day simple moving average is $14.16. The stock has a market capitalization of $205.44 million, a price-to-earnings ratio of -135.16 and a beta of 1.21.

SoundThinking (NASDAQ:SSTI) last issued its earnings results on Tuesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. The business had revenue of $28.35 million for the quarter, compared to the consensus estimate of $26.91 million. On average, sell-side analysts expect that SoundThinking will post -0.42 earnings per share for the current year.

Institutional Trading of SoundThinking

A number of institutional investors and hedge funds have recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of SoundThinking in the fourth quarter valued at $70,000. Diversified Investment Strategies LLC bought a new position in shares of SoundThinking in the fourth quarter worth $131,000. BNP Paribas Financial Markets raised its position in shares of SoundThinking by 77.0% during the 4th quarter. BNP Paribas Financial Markets now owns 15,655 shares of the company’s stock worth $204,000 after buying an additional 6,812 shares in the last quarter. GAMMA Investing LLC lifted its position in SoundThinking by 6,553.7% in the first quarter. GAMMA Investing LLC now owns 13,374 shares of the company’s stock worth $227,000 after purchasing an additional 13,173 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in SoundThinking during the fourth quarter worth about $228,000. 60.74% of the stock is currently owned by institutional investors and hedge funds.

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.