SoundThinking (NASDAQ:SSTI) Given “Overweight” Rating at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of SoundThinking (NASDAQ:SSTI) in a report published on Wednesday morning,Benzinga reports. They currently have a $20.00 target price on the stock.

Separately, Craig Hallum raised SoundThinking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.00.

SoundThinking Trading Down 1.4%

NASDAQ:SSTI opened at $16.00 on Wednesday. The stock has a market capitalization of $202.66 million, a PE ratio of -133.32 and a beta of 1.21. SoundThinking has a 1-year low of $9.33 and a 1-year high of $19.43. The firm has a fifty day simple moving average of $16.21 and a 200 day simple moving average of $14.17.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The firm had revenue of $28.35 million during the quarter, compared to analyst estimates of $26.91 million. On average, equities analysts predict that SoundThinking will post -0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SoundThinking

A number of institutional investors have recently made changes to their positions in SSTI. Kopion Asset Management LLC boosted its stake in 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 period. Rice Hall James & Associates LLC boosted its position in shares of SoundThinking by 5.6% in the first quarter. Rice Hall James & Associates LLC now owns 420,187 shares of the company’s stock valued at $7,122,000 after acquiring an additional 22,459 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 2,547 shares during the period. Pullen Investment Management LLC grew its stake in shares of SoundThinking by 12.0% in the first quarter. Pullen Investment Management LLC now owns 159,138 shares of the company’s stock valued at $2,697,000 after acquiring an additional 17,098 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in SoundThinking by 16.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 149,277 shares of the company’s stock worth $1,950,000 after acquiring an additional 20,627 shares during the period. Institutional investors own 60.74% of the company’s stock.

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.