SoundThinking, Inc. (NASDAQ:SSTI) Given Average Recommendation of “Hold” by Brokerages

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $14.00.

Several research analysts have recently commented on SSTI shares. Weiss Ratings lowered shares of SoundThinking from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. Zacks Research upgraded shares of SoundThinking from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen raised shares of SoundThinking from a “strong sell” rating to a “sell” rating in a report on Sunday, May 31st.

SoundThinking Price Performance

SoundThinking stock opened at $7.75 on Friday. The company has a market cap of $100.36 million, a PE ratio of -6.68 and a beta of 1.14. The company has a fifty day moving average price of $8.11 and a two-hundred day moving average price of $7.39. SoundThinking has a 12 month low of $5.78 and a 12 month high of $13.34.

SoundThinking (NASDAQ:SSTI) last released its earnings results on Thursday, May 14th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.30). The business had revenue of $24.18 million for the quarter, compared to the consensus estimate of $24.27 million. SoundThinking had a negative net margin of 14.95% and a negative return on equity of 20.76%. Equities research analysts anticipate that SoundThinking will post -0.69 earnings per share for the current year.

Institutional Trading of SoundThinking

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio bought a new stake in shares of SoundThinking in the 1st quarter worth approximately $127,000. Rhumbline Advisers boosted its position in SoundThinking by 6.5% during the 2nd quarter. Rhumbline Advisers now owns 15,960 shares of the company’s stock valued at $208,000 after purchasing an additional 980 shares during the period. Marshall Wace LLP bought a new position in SoundThinking during the 2nd quarter worth $245,000. Manatuck Hill Partners LLC bought a new position in SoundThinking during the 2nd quarter worth $402,000. Finally, Man Group plc increased its position in SoundThinking by 13.7% in the second quarter. Man Group plc now owns 38,166 shares of the company’s stock worth $498,000 after buying an additional 4,588 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. It offers ShotSpotter, an acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; and ResourceRouter, a software that directs patrol and community anti-violence resources to help maximize their impact.