SoundThinking, Inc. (NASDAQ:SSTI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $21.20.

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

Insider Activity at SoundThinking

In other SoundThinking news, CFO Alan R. Stewart sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 138,851 shares in the company, valued at approximately $1,936,971.45. This trade represents a 9.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ralph A. Clark sold 5,933 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $68,882.13. Following the transaction, the chief executive officer now directly owns 520,774 shares of the company’s stock, valued at approximately $6,046,186.14. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,621 shares of company stock worth $336,458 over the last 90 days. Company insiders own 9.20% of the company’s stock.

Institutional Trading of SoundThinking

A number of large investors have recently made changes to their positions in SSTI. Federated Hermes Inc. lifted its holdings in SoundThinking by 14.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,505,000 shares of the company’s stock valued at $18,331,000 after purchasing an additional 190,000 shares in the last quarter. Disciplined Growth Investors Inc. MN purchased a new position in shares of SoundThinking during the third quarter valued at approximately $5,354,000. Rice Hall James & Associates LLC boosted its position in SoundThinking by 56.6% during the third quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company’s stock worth $4,197,000 after acquiring an additional 130,913 shares during the last quarter. State Street Corp grew its stake in SoundThinking by 4.3% in the 3rd quarter. State Street Corp now owns 197,024 shares of the company’s stock worth $2,284,000 after acquiring an additional 8,078 shares during the period. Finally, Pullen Investment Management LLC raised its holdings in SoundThinking by 70.0% in the 3rd quarter. Pullen Investment Management LLC now owns 88,152 shares of the company’s stock valued at $1,022,000 after acquiring an additional 36,290 shares during the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

SoundThinking Stock Performance

Shares of SSTI stock opened at $13.06 on Thursday. SoundThinking has a 1 year low of $9.33 and a 1 year high of $25.28. The firm has a market cap of $164.41 million, a price-to-earnings ratio of -108.82 and a beta of 1.19. The stock’s 50-day moving average is $12.24 and its two-hundred day moving average is $12.73.

SoundThinking (NASDAQ:SSTI) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The firm had revenue of $26.25 million for the quarter, compared to analyst estimates of $26.20 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. During the same period last year, the firm earned ($0.09) EPS. As a group, research analysts predict that SoundThinking will post -0.39 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.