SoundThinking, Inc. (NASDAQ:SSTI) Receives Consensus Rating of “Hold” from Analysts

SoundThinking, Inc. (NASDAQ:SSTI) has earned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $14.00.

Several research analysts have recently commented on SSTI shares. Weiss Ratings upgraded shares of SoundThinking from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. Wall Street Zen upgraded shares of SoundThinking from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 31st. Finally, Zacks Research lowered shares of SoundThinking from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kopion Asset Management LLC boosted its holdings in SoundThinking by 52.1% in the 4th quarter. Kopion Asset Management LLC now owns 972,108 shares of the company’s stock valued at $7,806,000 after purchasing an additional 333,170 shares during the period. Quantinno Capital Management LP boosted its holdings in SoundThinking by 264.8% in the 1st quarter. Quantinno Capital Management LP now owns 236,581 shares of the company’s stock valued at $1,566,000 after purchasing an additional 171,733 shares during the period. Wasatch Advisors LP boosted its holdings in SoundThinking by 42.9% in the 2nd quarter. Wasatch Advisors LP now owns 534,237 shares of the company’s stock valued at $6,974,000 after purchasing an additional 160,451 shares during the period. Yost Capital Management LP boosted its holdings in SoundThinking by 62.3% in the 3rd quarter. Yost Capital Management LP now owns 292,200 shares of the company’s stock valued at $3,524,000 after purchasing an additional 112,200 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in SoundThinking by 50.2% in the 4th quarter. Mackenzie Financial Corp now owns 203,411 shares of the company’s stock valued at $1,640,000 after purchasing an additional 67,981 shares during the period. 60.74% of the stock is currently owned by institutional investors and hedge funds.

SoundThinking Stock Up 0.4%

Shares of SSTI opened at $7.53 on Friday. The company’s fifty day moving average is $6.99 and its 200-day moving average is $7.21. SoundThinking has a 12 month low of $5.78 and a 12 month high of $16.20. The firm has a market cap of $97.54 million, a price-to-earnings ratio of -6.49 and a beta of 1.20.

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