SoundThinking, Inc. (NASDAQ:SSTI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have received an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $21.20.

SSTI has been the subject of a number of analyst reports. Craig Hallum upgraded SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $20.00 price target on shares of SoundThinking in a research report on Wednesday, February 26th.

SoundThinking Trading Up 5.5 %

Shares of SSTI opened at $18.87 on Tuesday. The company’s fifty day simple moving average is $14.66 and its 200-day simple moving average is $13.07. The company has a market cap of $237.55 million, a P/E ratio of -157.24 and a beta of 1.39. SoundThinking has a twelve month low of $9.33 and a twelve month high of $18.95.

SoundThinking (NASDAQ:SSTI) last released its earnings results on Tuesday, February 25th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). The business had revenue of $23.41 million during the quarter, compared to analysts’ expectations of $26.65 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. Analysts predict that SoundThinking will post -0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SoundThinking

Large investors have recently made changes to their positions in the company. Kopion Asset Management LLC increased its stake in shares of SoundThinking by 24.2% during the fourth quarter. Kopion Asset Management LLC now owns 727,144 shares of the company’s stock worth $9,497,000 after purchasing an additional 141,630 shares in the last quarter. Disciplined Growth Investors Inc. MN acquired a new stake in SoundThinking in the 3rd quarter worth about $5,354,000. Rice Hall James & Associates LLC increased its stake in SoundThinking by 9.8% during the 4th quarter. Rice Hall James & Associates LLC now owns 397,728 shares of the company’s stock worth $5,194,000 after buying an additional 35,584 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of SoundThinking by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 216,121 shares of the company’s stock valued at $2,823,000 after acquiring an additional 2,547 shares during the last quarter. Finally, State Street Corp lifted its position in shares of SoundThinking by 4.3% in the third quarter. State Street Corp now owns 197,024 shares of the company’s stock valued at $2,284,000 after acquiring an additional 8,078 shares in the last quarter. 60.74% of the stock is currently owned by institutional investors and hedge funds.

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.