SoundThinking, Inc. (NASDAQ:SSTI) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in SoundThinking, Inc. (NASDAQ:SSTI) by 16.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 149,277 shares of the company’s stock after acquiring an additional 20,627 shares during the period. Dimensional Fund Advisors LP’s holdings in SoundThinking were worth $1,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd bought a new position in shares of SoundThinking in the 4th quarter worth about $70,000. Diversified Investment Strategies LLC acquired a new stake in SoundThinking during the fourth quarter worth about $131,000. WINTON GROUP Ltd bought a new position in SoundThinking in the fourth quarter worth about $228,000. Barclays PLC grew its holdings in shares of SoundThinking by 245.5% during the third quarter. Barclays PLC now owns 24,755 shares of the company’s stock valued at $286,000 after purchasing an additional 17,591 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of SoundThinking during the 4th quarter worth approximately $329,000. Institutional investors and hedge funds own 60.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SSTI. Roth Mkm reiterated a “buy” rating and issued a $30.00 target price on shares of SoundThinking in a research note on Wednesday. Lake Street Capital increased their price objective on shares of SoundThinking from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday. Craig Hallum raised shares of SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $20.00 target price on shares of SoundThinking in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

SoundThinking Stock Performance

Shares of SSTI opened at $16.00 on Thursday. SoundThinking, Inc. has a one year low of $9.33 and a one year high of $19.43. The stock’s fifty day moving average is $16.21 and its 200-day moving average is $14.17. The firm has a market capitalization of $202.66 million, a price-to-earnings ratio of -133.32 and a beta of 1.21.

SoundThinking (NASDAQ:SSTI) last released its earnings results on Tuesday, May 13th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The company had revenue of $28.35 million for the quarter, compared to analyst estimates of $26.91 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. Analysts forecast that SoundThinking, Inc. will post -0.42 EPS for the current fiscal year.

SoundThinking 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.