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

SoundThinking, Inc. (NASDAQ:SSTI) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $14.00.

A number of brokerages have issued reports on SSTI. Craig Hallum lowered shares of SoundThinking from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a report on Thursday, November 13th. Cantor Fitzgerald cut SoundThinking from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $16.00 to $10.00 in a research note on Wednesday, January 7th. Citizens Jmp reduced their price target on SoundThinking from $19.00 to $16.00 and set a “market outperform” rating on the stock in a report on Thursday, November 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SoundThinking in a report on Monday, December 29th. Finally, Lake Street Capital cut their price objective on SoundThinking from $19.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Kopion Asset Management LLC lifted its position in shares of SoundThinking by 52.1% in the 4th quarter. Kopion Asset Management LLC now owns 972,108 shares of the company’s stock worth $7,806,000 after purchasing an additional 333,170 shares during the period. Yost Capital Management LP bought a new position in SoundThinking in the second quarter worth about $2,350,000. Wasatch Advisors LP lifted its holdings in SoundThinking by 42.9% in the second quarter. Wasatch Advisors LP now owns 534,237 shares of the company’s stock worth $6,974,000 after buying an additional 160,451 shares during the period. Manatuck Hill Partners LLC bought a new stake in SoundThinking during the 2nd quarter valued at approximately $402,000. Finally, Pullen Investment Management LLC boosted its position in SoundThinking by 16.4% during the 3rd quarter. Pullen Investment Management LLC now owns 186,990 shares of the company’s stock valued at $2,255,000 after acquiring an additional 26,337 shares in the last quarter. 60.74% of the stock is currently owned by institutional investors.

SoundThinking Price Performance

SSTI opened at $7.01 on Friday. The stock’s 50 day simple moving average is $7.68 and its 200 day simple moving average is $9.67. The firm has a market cap of $89.03 million, a price-to-earnings ratio of -8.35 and a beta of 1.16. SoundThinking has a 1 year low of $5.78 and a 1 year high of $19.43.

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