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

SoundThinking, Inc. (NASDAQ:SSTI) has been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $21.20.

Several analysts have commented on SSTI shares. Craig Hallum upgraded SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $20.00 target price on shares of SoundThinking in a research note on Wednesday, February 26th.

Institutional Trading of SoundThinking

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of SoundThinking by 16.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 29,090 shares of the company’s stock worth $493,000 after purchasing an additional 4,200 shares during the period. Mackenzie Financial Corp boosted its stake in shares of SoundThinking by 120.1% during the 1st quarter. Mackenzie Financial Corp now owns 94,362 shares of the company’s stock worth $1,599,000 after purchasing an additional 51,498 shares during the period. Rice Hall James & Associates LLC boosted its stake in shares of SoundThinking by 5.6% during the 1st quarter. Rice Hall James & Associates LLC now owns 420,187 shares of the company’s stock worth $7,122,000 after purchasing an additional 22,459 shares during the period. Brown Advisory Inc. purchased a new position in shares of SoundThinking during the 1st quarter worth about $535,000. Finally, Pullen Investment Management LLC boosted its stake in shares of SoundThinking by 12.0% during the 1st quarter. Pullen Investment Management LLC now owns 159,138 shares of the company’s stock worth $2,697,000 after purchasing an additional 17,098 shares during the period. Hedge funds and other institutional investors own 60.74% of the company’s stock.

SoundThinking Stock Performance

SSTI stock opened at $15.47 on Wednesday. SoundThinking has a fifty-two week low of $9.33 and a fifty-two week high of $19.43. The business’s 50 day moving average price is $16.21 and its two-hundred day moving average price is $14.11. The company has a market capitalization of $195.94 million, a price-to-earnings ratio of -128.91 and a beta of 1.21.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The company had revenue of $23.41 million during the quarter, compared to analysts’ expectations of $26.65 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. Sell-side analysts forecast that SoundThinking will post -0.42 earnings per share for the current 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.