SoundThinking (NASDAQ:SSTI) Upgraded at Zacks Research

Zacks Research upgraded shares of SoundThinking (NASDAQ:SSTI) from a strong sell rating to a hold rating in a report released on Tuesday,Zacks.com reports.

SSTI has been the subject of a number of other research reports. Wall Street Zen raised shares of SoundThinking from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 31st. Weiss Ratings raised SoundThinking from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.00.

SoundThinking Trading Up 0.5%

Shares of SSTI stock opened at $8.37 on Tuesday. SoundThinking has a 1 year low of $5.78 and a 1 year high of $13.34. The firm’s fifty day simple moving average is $7.75 and its 200 day simple moving average is $7.39. The firm has a market capitalization of $108.39 million, a P/E ratio of -7.22 and a beta of 1.14.

SoundThinking (NASDAQ:SSTI) last released its earnings results on Thursday, May 14th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.30). The company had revenue of $24.18 million for the quarter, compared to analyst estimates of $24.27 million. SoundThinking had a negative net margin of 14.95% and a negative return on equity of 20.76%. Equities research analysts anticipate that SoundThinking will post -0.69 EPS for the current fiscal year.

Hedge Funds Weigh In On SoundThinking

Hedge funds have recently made changes to their positions in the business. State of Wyoming acquired a new stake in shares of SoundThinking during the 2nd quarter valued at about $33,000. BNP Paribas Financial Markets increased its stake in SoundThinking by 160.5% in the third quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock valued at $33,000 after acquiring an additional 1,688 shares during the period. Royal Bank of Canada raised its position in SoundThinking by 88.6% in the first quarter. Royal Bank of Canada now owns 4,173 shares of the company’s stock worth $28,000 after purchasing an additional 1,960 shares in the last quarter. Strs Ohio acquired a new position in SoundThinking in the first quarter worth about $127,000. Finally, Versant Capital Management Inc raised its position in SoundThinking by 31.7% in the second quarter. Versant Capital Management Inc now owns 9,305 shares of the company’s stock worth $84,000 after purchasing an additional 2,239 shares in the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

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.