SoundThinking, Inc. (NASDAQ:SSTI) Receives Consensus Rating of “Hold” from Analysts

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $16.6667.

A number of analysts have recently issued reports on SSTI shares. Cantor Fitzgerald cut SoundThinking from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $16.00 to $10.00 in a report on Wednesday, January 7th. Zacks Research upgraded shares of SoundThinking from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Craig Hallum lowered shares of SoundThinking from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a research report on Thursday, November 13th. Roth Capital reissued a “buy” rating and issued a $20.00 target price (down previously from $30.00) on shares of SoundThinking in a research note on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SoundThinking in a research report on Monday, December 29th.

Institutional Investors Weigh In On SoundThinking

A number of large investors have recently modified their holdings of SSTI. Yost Capital Management LP purchased a new position in shares of SoundThinking in the second quarter valued at $2,350,000. Kopion Asset Management LLC increased its stake in SoundThinking by 8.3% during the 2nd quarter. Kopion Asset Management LLC now owns 586,652 shares of the company’s stock worth $7,659,000 after buying an additional 44,976 shares during the period. R Squared Ltd acquired a new position in SoundThinking in the 2nd quarter worth $156,000. Rhumbline Advisers lifted its holdings in SoundThinking by 10.1% in the 1st quarter. Rhumbline Advisers now owns 14,980 shares of the company’s stock worth $254,000 after buying an additional 1,373 shares in the last quarter. Finally, Pullen Investment Management LLC boosted its position in SoundThinking by 1.0% in the 2nd quarter. Pullen Investment Management LLC now owns 160,653 shares of the company’s stock valued at $2,097,000 after buying an additional 1,515 shares during the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

SoundThinking Stock Down 3.4%

SSTI stock opened at $7.77 on Tuesday. The company has a market cap of $98.68 million, a price-to-earnings ratio of -9.25 and a beta of 1.11. The business has a fifty day simple moving average of $7.51 and a 200-day simple moving average of $10.30. SoundThinking has a 52 week low of $5.78 and a 52 week high of $19.43.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings results 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 firm had revenue of $25.10 million for the quarter, compared to analysts’ expectations of $27.97 million. SoundThinking had a negative net margin of 10.44% and a negative return on equity of 14.57%. As a group, analysts expect that SoundThinking will post -0.42 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.