SoundThinking, Inc. (NASDAQ:SSTI) Receives $14.00 Average Price Target from Analysts

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $14.00.

A number of equities research analysts have recently weighed in on SSTI shares. Weiss Ratings lowered shares of SoundThinking from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of SoundThinking from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 31st. Finally, Zacks Research lowered SoundThinking from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Kopion Asset Management LLC raised its position in shares of SoundThinking by 14.6% during the 2nd quarter. Kopion Asset Management LLC now owns 1,114,648 shares of the company’s stock worth $10,088,000 after acquiring an additional 142,346 shares in the last quarter. Wasatch Advisors LP boosted its holdings in SoundThinking by 3.7% in the third quarter. Wasatch Advisors LP now owns 554,085 shares of the company’s stock valued at $6,682,000 after purchasing an additional 19,848 shares in the last quarter. Rice Hall James & Associates LLC boosted its holdings in SoundThinking by 8.9% in the first quarter. Rice Hall James & Associates LLC now owns 444,087 shares of the company’s stock valued at $2,940,000 after purchasing an additional 36,474 shares in the last quarter. Yost Capital Management LP increased its stake in SoundThinking by 62.3% in the third quarter. Yost Capital Management LP now owns 292,200 shares of the company’s stock valued at $3,524,000 after purchasing an additional 112,200 shares during the last quarter. Finally, Quantinno Capital Management LP increased its stake in SoundThinking by 264.8% in the first quarter. Quantinno Capital Management LP now owns 236,581 shares of the company’s stock valued at $1,566,000 after purchasing an additional 171,733 shares during the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.

SoundThinking Stock Performance

Shares of SoundThinking stock opened at $8.57 on Tuesday. The business has a 50-day simple moving average of $7.66 and a 200-day simple moving average of $7.38. SoundThinking has a one year low of $5.78 and a one year high of $13.34. The company has a market cap of $110.98 million, a PE ratio of -7.39 and a beta of 1.14.

SoundThinking (NASDAQ:SSTI) last issued its earnings results on Thursday, May 14th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.30). SoundThinking had a negative net margin of 14.95% and a negative return on equity of 20.76%. The firm had revenue of $24.18 million during the quarter, compared to analyst estimates of $24.27 million. On average, sell-side 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.