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

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $14.00.

SSTI has been the subject of a number of research reports. Zacks Research cut SoundThinking from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Wall Street Zen raised SoundThinking from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 31st. Finally, Weiss Ratings raised SoundThinking from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday.

Institutional Trading of SoundThinking

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in SoundThinking by 16.2% during the 1st quarter. Bank of America Corp DE now owns 14,299 shares of the company’s stock worth $95,000 after acquiring an additional 1,992 shares during the period. Royal Bank of Canada lifted its position in SoundThinking by 88.6% during the 1st quarter. Royal Bank of Canada now owns 4,173 shares of the company’s stock worth $28,000 after acquiring an additional 1,960 shares during the period. Quantinno Capital Management LP lifted its position in SoundThinking by 264.8% during the 1st quarter. Quantinno Capital Management LP now owns 236,581 shares of the company’s stock worth $1,566,000 after acquiring an additional 171,733 shares during the period. Rice Hall James & Associates LLC lifted its position in SoundThinking by 8.9% during the 1st quarter. Rice Hall James & Associates LLC now owns 444,087 shares of the company’s stock worth $2,940,000 after acquiring an additional 36,474 shares during the period. Finally, Sei Investments Co. acquired a new stake in SoundThinking during the 1st quarter worth about $92,000. Institutional investors and hedge funds own 60.74% of the company’s stock.

SoundThinking Price Performance

SoundThinking stock opened at $7.98 on Friday. The stock has a market capitalization of $103.34 million, a price-to-earnings ratio of -6.88 and a beta of 1.20. SoundThinking has a 1-year low of $5.78 and a 1-year high of $16.85. The business has a fifty day moving average price of $6.92 and a 200-day moving average price of $7.18.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.30). The business 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%. On average, equities research analysts anticipate that SoundThinking will post -0.69 earnings per share for the current fiscal year.

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. 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.