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

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $21.20.

Several equities analysts recently commented on the stock. Craig Hallum raised shares of SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Cantor Fitzgerald raised shares of SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, JMP Securities cut their price target on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th.

SoundThinking Stock Down 3.7 %

NASDAQ SSTI opened at $13.68 on Friday. The company’s 50 day moving average is $13.30 and its 200-day moving average is $12.81. SoundThinking has a 12-month low of $9.33 and a 12-month high of $18.70. The firm has a market cap of $172.22 million, a P/E ratio of -113.99 and a beta of 1.18.

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

Insider Activity

In related news, CFO Alan R. Stewart sold 15,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total transaction of $209,250.00. Following the completion of the sale, the chief financial officer now directly owns 138,851 shares in the company, valued at $1,936,971.45. This represents a 9.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ralph A. Clark sold 5,933 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.61, for a total transaction of $68,882.13. Following the sale, the chief executive officer now owns 520,774 shares of the company’s stock, valued at $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. In the last 90 days, insiders sold 24,632 shares of company stock valued at $325,036. Corporate insiders own 9.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in SoundThinking in the 4th quarter worth $70,000. BNP Paribas Financial Markets raised its holdings in SoundThinking by 145.2% in the 3rd 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 in the last quarter. Diversified Investment Strategies LLC bought a new position in SoundThinking in the 4th quarter worth $131,000. WINTON GROUP Ltd bought a new position in SoundThinking in the 4th quarter worth $228,000. Finally, Two Sigma Advisers LP raised its holdings in SoundThinking by 80.6% in the 4th quarter. Two Sigma Advisers LP now owns 18,600 shares of the company’s stock worth $243,000 after purchasing an additional 8,300 shares in the last quarter. 60.74% of the stock is currently owned by institutional investors.

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.