SoundThinking, Inc. (NASDAQ:SSTI) Receives $20.80 Average Target Price from Analysts

SoundThinking, Inc. (NASDAQ:SSTI) has been assigned a consensus rating of “Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $20.80.

SSTI has been the topic of several research reports. Wall Street Zen cut shares of SoundThinking from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Lake Street Capital dropped their target price on SoundThinking from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th.

Insider Activity

In other news, CEO Ralph A. Clark sold 16,161 shares of SoundThinking stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $11.80, for a total value of $190,699.80. Following the sale, the chief executive officer directly owned 588,638 shares in the company, valued at $6,945,928.40. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 18,925 shares of company stock valued at $223,967 in the last 90 days. 10.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Yost Capital Management LP acquired a new stake in SoundThinking in the 2nd quarter valued at $2,350,000. Wasatch Advisors LP grew its holdings in shares of SoundThinking by 42.9% in the 2nd quarter. Wasatch Advisors LP now owns 534,237 shares of the company’s stock valued at $6,974,000 after acquiring an additional 160,451 shares in the last quarter. Samjo Management LLC acquired a new stake in shares of SoundThinking in the first quarter valued at about $1,085,000. Pullen Investment Management LLC raised its holdings in SoundThinking by 61.1% during the fourth quarter. Pullen Investment Management LLC now owns 142,040 shares of the company’s stock worth $1,855,000 after acquiring an additional 53,888 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in SoundThinking by 120.1% during the first quarter. Mackenzie Financial Corp now owns 94,362 shares of the company’s stock worth $1,599,000 after acquiring an additional 51,498 shares in the last quarter. Institutional investors own 60.74% of the company’s stock.

SoundThinking Price Performance

NASDAQ SSTI opened at $12.47 on Wednesday. SoundThinking has a one year low of $9.33 and a one year high of $19.43. The firm has a market cap of $159.49 million, a P/E ratio of -15.78 and a beta of 1.16. The stock’s 50-day moving average is $12.40 and its 200-day moving average is $14.63.

SoundThinking (NASDAQ:SSTI) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.15). SoundThinking had a negative net margin of 9.74% and a negative return on equity of 13.76%. The business had revenue of $25.89 million during the quarter, compared to analyst estimates of $26.61 million. SoundThinking has set its FY 2025 guidance at EPS. Equities analysts anticipate 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.