SoundThinking, Inc. (NASDAQ:SSTI) Given Average Recommendation of “Hold” by Analysts

SoundThinking, Inc. (NASDAQ:SSTI) has received a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $14.00.

A number of equities research analysts have commented on the stock. Zacks Research cut shares of SoundThinking from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Wall Street Zen raised shares of SoundThinking from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 31st. Finally, Weiss Ratings raised shares of SoundThinking from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in shares of SoundThinking by 88.6% in the first quarter. Royal Bank of Canada now owns 4,173 shares of the company’s stock valued at $28,000 after buying an additional 1,960 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of SoundThinking by 160.5% in the third quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock valued at $33,000 after buying an additional 1,688 shares in the last quarter. State of Wyoming bought a new position in shares of SoundThinking in the second quarter valued at $33,000. Wells Fargo & Company MN lifted its stake in shares of SoundThinking by 78.1% in the fourth quarter. Wells Fargo & Company MN now owns 10,448 shares of the company’s stock valued at $84,000 after buying an additional 4,580 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of SoundThinking in the fourth quarter valued at $87,000. 60.74% of the stock is owned by institutional investors.

SoundThinking Trading Up 3.8%

NASDAQ:SSTI opened at $7.84 on Friday. The stock has a market capitalization of $101.53 million, a price-to-earnings ratio of -6.76 and a beta of 1.20. The firm has a fifty day simple moving average of $7.03 and a two-hundred day simple moving average of $7.23. SoundThinking has a 12 month low of $5.78 and a 12 month high of $15.88.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.30). The company had revenue of $24.18 million during the quarter, compared to analyst estimates of $24.27 million. SoundThinking had a negative return on equity of 20.76% and a negative net margin of 14.95%. Equities analysts predict that SoundThinking will post -0.69 earnings per share for the current fiscal year.

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. It offers ShotSpotter, an acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; and ResourceRouter, a software that directs patrol and community anti-violence resources to help maximize their impact.