SoundThinking, Inc. (NASDAQ:SSTI) Receives $21.20 Consensus Price Target from Analysts

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $21.20.

Several analysts recently commented on SSTI shares. Craig Hallum upgraded SoundThinking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $20.00 target price on shares of SoundThinking in a report on Wednesday, February 26th.

Hedge Funds Weigh In On SoundThinking

A number of institutional investors and hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of SoundThinking by 42.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,790 shares of the company’s stock worth $635,000 after purchasing an additional 16,336 shares during the period. BNP Paribas Financial Markets raised its position in shares of SoundThinking by 145.2% during the third quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock worth $102,000 after purchasing an additional 5,236 shares during the period. Walleye Capital LLC raised its position in shares of SoundThinking by 61.9% during the third quarter. Walleye Capital LLC now owns 51,932 shares of the company’s stock worth $602,000 after purchasing an additional 19,861 shares during the period. State Street Corp raised its position in shares of SoundThinking by 4.3% during the third quarter. State Street Corp now owns 197,024 shares of the company’s stock worth $2,284,000 after purchasing an additional 8,078 shares during the period. Finally, Barclays PLC raised its position in shares of SoundThinking by 245.5% during the third quarter. Barclays PLC now owns 24,755 shares of the company’s stock worth $286,000 after purchasing an additional 17,591 shares during the period. 60.74% of the stock is currently owned by institutional investors.

SoundThinking Trading Down 3.6 %

NASDAQ:SSTI opened at $17.88 on Tuesday. The stock has a market cap of $225.09 million, a P/E ratio of -148.99 and a beta of 1.39. The stock’s 50-day moving average is $14.53 and its 200-day moving average is $13.04. SoundThinking has a 1-year low of $9.33 and a 1-year high of $18.65.

SoundThinking (NASDAQ:SSTI) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The firm had revenue of $23.41 million for the quarter, compared to the consensus estimate of $26.65 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. As a group, equities analysts forecast that SoundThinking will post -0.42 EPS for the current year.

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.