SoundThinking, Inc. (NASDAQ:SSTI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $17.6667.

A number of equities research analysts recently issued reports on the company. Citizens Jmp lowered their price objective on SoundThinking from $19.00 to $16.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SoundThinking in a research report on Monday. Cantor Fitzgerald dropped their price objective on SoundThinking from $20.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Lake Street Capital cut their target price on SoundThinking from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Finally, Roth Capital reissued a “buy” rating and issued a $20.00 price target (down from $30.00) on shares of SoundThinking in a report on Thursday, November 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SSTI. State of Wyoming bought a new position in shares of SoundThinking in the second quarter worth $33,000. Meeder Asset Management Inc. bought a new position in SoundThinking in the 3rd quarter worth about $31,000. BNP Paribas Financial Markets increased its stake in SoundThinking by 160.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock worth $33,000 after acquiring an additional 1,688 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in shares of SoundThinking in the 1st quarter valued at about $98,000. Finally, Strs Ohio bought a new stake in shares of SoundThinking during the 1st quarter valued at about $127,000. 60.74% of the stock is owned by institutional investors.

SoundThinking Stock Performance

Shares of NASDAQ:SSTI opened at $8.05 on Friday. The company’s 50-day moving average is $8.33 and its 200 day moving average is $11.45. The company has a market capitalization of $102.24 million, a P/E ratio of -9.58 and a beta of 1.17. SoundThinking has a fifty-two week low of $5.78 and a fifty-two week high of $19.43.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The company had revenue of $25.10 million for the quarter, compared to analysts’ expectations of $27.97 million. SoundThinking had a negative return on equity of 14.57% and a negative net margin of 10.44%. As a group, research analysts predict that SoundThinking will post -0.42 earnings per share for the current 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.