SoundThinking, Inc. (NASDAQ:SSTI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $21.20.

A number of analysts have issued reports on the stock. Craig Hallum reduced their target price on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Cantor Fitzgerald raised shares of SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, JMP Securities decreased their price objective on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a report on Wednesday, November 13th.

SoundThinking Stock Up 9.3 %

SoundThinking stock opened at $13.55 on Friday. SoundThinking has a 12 month low of $9.33 and a 12 month high of $26.92. The stock has a market cap of $170.59 million, a P/E ratio of -112.91 and a beta of 1.19. The company’s fifty day simple moving average is $11.76 and its 200-day simple moving average is $13.03.

SoundThinking (NASDAQ:SSTI) last issued its earnings results on Tuesday, November 12th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The firm had revenue of $26.25 million during the quarter, compared to analysts’ expectations of $26.20 million. During the same quarter last year, the firm earned ($0.09) EPS. On average, equities research analysts expect that SoundThinking will post -0.39 earnings per share for the current fiscal year.

Institutional Trading of SoundThinking

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in SoundThinking by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 504,435 shares of the company’s stock worth $8,010,000 after acquiring an additional 32,452 shares during the period. Bank of New York Mellon Corp increased its stake in shares of SoundThinking by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company’s stock worth $482,000 after purchasing an additional 3,268 shares during the period. Pullen Investment Management LLC bought a new position in shares of SoundThinking in the second quarter worth about $632,000. Rhumbline Advisers lifted its position in shares of SoundThinking by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after purchasing an additional 716 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its stake in SoundThinking by 70.3% during the 2nd quarter. Rice Hall James & Associates LLC now owns 231,231 shares of the company’s stock valued at $2,816,000 after purchasing an additional 95,492 shares during the period. 60.74% of the stock is currently owned by institutional investors and hedge funds.

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.