Brokerages Set SoundThinking, Inc. (NASDAQ:SSTI) Target Price at $21.20

SoundThinking, Inc. (NASDAQ:SSTI) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $21.20.

A number of equities research analysts have recently issued reports on SSTI shares. Craig Hallum raised shares of SoundThinking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $20.00 price target on shares of SoundThinking in a research note on Wednesday, February 26th.

SoundThinking Stock Performance

Shares of SoundThinking stock opened at $17.88 on Tuesday. The firm has a 50-day moving average of $14.53 and a 200-day moving average of $13.04. The stock has a market cap of $225.09 million, a PE ratio of -148.99 and a beta of 1.39. SoundThinking has a 52-week low of $9.33 and a 52-week high of $18.65.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. R Squared Ltd acquired a new position in SoundThinking during the fourth quarter worth about $70,000. BNP Paribas Financial Markets raised its stake in SoundThinking by 145.2% during the third quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock worth $102,000 after acquiring an additional 5,236 shares in the last quarter. Diversified Investment Strategies LLC acquired a new position in SoundThinking during the fourth quarter worth about $131,000. WINTON GROUP Ltd acquired a new position in SoundThinking during the fourth quarter worth about $228,000. Finally, Two Sigma Advisers LP raised its stake in SoundThinking by 80.6% during the fourth quarter. Two Sigma Advisers LP now owns 18,600 shares of the company’s stock worth $243,000 after acquiring an additional 8,300 shares in the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

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.