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

SoundThinking, Inc. (NASDAQ:SSTI) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $21.20.

A number of brokerages have weighed in on SSTI. Craig Hallum upgraded shares of SoundThinking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $20.00 target price on shares of SoundThinking in a report on Wednesday, February 26th.

SoundThinking Trading Up 2.4 %

Shares of NASDAQ:SSTI opened at $16.76 on Friday. The firm has a market cap of $212.28 million, a price-to-earnings ratio of -139.66 and a beta of 1.29. The stock’s 50-day moving average price is $15.76 and its two-hundred day moving average price is $13.51. SoundThinking has a 12-month low of $9.33 and a 12-month high of $19.43.

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

Hedge Funds Weigh In On SoundThinking

Several hedge funds and other institutional investors have recently made changes to their positions in SSTI. R Squared Ltd purchased a new position in SoundThinking in the fourth quarter valued at about $70,000. BNP Paribas Financial Markets grew its stake in shares of SoundThinking by 145.2% in the third quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock valued at $102,000 after buying an additional 5,236 shares in the last quarter. Diversified Investment Strategies LLC purchased a new stake in shares of SoundThinking during the 4th quarter valued at about $131,000. GAMMA Investing LLC raised its holdings in shares of SoundThinking by 6,553.7% during the 1st quarter. GAMMA Investing LLC now owns 13,374 shares of the company’s stock valued at $227,000 after buying an additional 13,173 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in SoundThinking during the 4th quarter worth approximately $228,000. Institutional investors and hedge funds own 60.74% of the company’s stock.

About SoundThinking

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.