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

SoundThinking, Inc. (NASDAQ:SSTI) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $21.20.

Several equities analysts have recently 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 SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th.

SoundThinking Stock Performance

NASDAQ SSTI opened at $15.86 on Tuesday. SoundThinking has a 52 week low of $9.33 and a 52 week high of $17.19. The stock’s 50 day moving average price is $14.14 and its two-hundred day moving average price is $12.93. The stock has a market capitalization of $199.66 million, a price-to-earnings ratio of -132.16 and a beta of 1.39.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). The business had revenue of $23.41 million during the quarter, compared to the consensus estimate of $26.65 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. On average, equities research analysts forecast that SoundThinking will post -0.42 EPS for the current year.

Hedge Funds Weigh In On SoundThinking

A number of hedge funds and other institutional investors have recently bought and sold shares of SSTI. Kopion Asset Management LLC lifted its position in shares of SoundThinking by 24.2% in the fourth quarter. Kopion Asset Management LLC now owns 727,144 shares of the company’s stock valued at $9,497,000 after buying an additional 141,630 shares during the last quarter. JPMorgan Chase & Co. raised its stake in SoundThinking by 93.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 56,072 shares of the company’s stock valued at $650,000 after acquiring an additional 27,091 shares during the period. Walleye Capital LLC lifted its holdings in SoundThinking by 61.9% during the 3rd quarter. Walleye Capital LLC now owns 51,932 shares of the company’s stock valued at $602,000 after purchasing an additional 19,861 shares during the last quarter. Barclays PLC boosted its position in SoundThinking by 245.5% during the third quarter. Barclays PLC now owns 24,755 shares of the company’s stock worth $286,000 after purchasing an additional 17,591 shares during the period. Finally, Disciplined Growth Investors Inc. MN acquired a new position in shares of SoundThinking in the third quarter valued at $5,354,000. 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.