SoundThinking, Inc. (NASDAQ:SSTI) Receives $21.20 Average PT from Brokerages

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $21.20.

A number of research firms have recently issued reports on SSTI. Cantor Fitzgerald raised shares of SoundThinking to a “strong-buy” rating in a research report on Thursday, November 14th. JMP Securities reduced their price target on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 13th. Finally, Craig Hallum decreased their price objective on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 13th.

SoundThinking Stock Performance

Shares of SSTI opened at $13.39 on Monday. SoundThinking has a one year low of $9.33 and a one year high of $22.37. The stock has a 50-day moving average price of $12.97 and a 200 day moving average price of $12.86. The company has a market capitalization of $168.57 million, a P/E ratio of -111.57 and a beta of 1.18.

SoundThinking (NASDAQ:SSTI) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The business had revenue of $26.25 million for the quarter, compared to analyst estimates of $26.20 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. During the same quarter last year, the company earned ($0.09) EPS. As a group, equities research analysts forecast that SoundThinking will post -0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Alan R. Stewart sold 15,000 shares of SoundThinking stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total value of $209,250.00. Following the completion of the transaction, the chief financial officer now directly owns 138,851 shares of the company’s stock, valued at $1,936,971.45. The trade was a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ralph A. Clark sold 5,933 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $68,882.13. Following the completion of the transaction, the chief executive officer now directly owns 520,774 shares of the company’s stock, valued at approximately $6,046,186.14. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,621 shares of company stock valued at $336,458 over the last three months. 9.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SoundThinking

Large investors have recently bought and sold shares of the business. Disciplined Growth Investors Inc. MN acquired a new stake in shares of SoundThinking in the 3rd quarter valued at approximately $5,354,000. Kopion Asset Management LLC boosted its stake in shares of SoundThinking by 24.2% during the 4th quarter. Kopion Asset Management LLC now owns 727,144 shares of the company’s stock worth $9,497,000 after buying an additional 141,630 shares during the last quarter. Rice Hall James & Associates LLC grew its stake in SoundThinking by 56.6% in the third quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company’s stock valued at $4,197,000 after purchasing an additional 130,913 shares in the last quarter. Pullen Investment Management LLC grew its stake in shares of SoundThinking by 70.0% in the third quarter. Pullen Investment Management LLC now owns 88,152 shares of the company’s stock valued at $1,022,000 after buying an additional 36,290 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of SoundThinking in the 2nd quarter valued at about $398,000. 60.74% of the stock is currently owned by institutional investors and hedge funds.

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.