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

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $21.20.

Several research analysts have recently issued reports on the stock. Craig Hallum reduced their target price on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Cantor Fitzgerald raised shares of SoundThinking to a “strong-buy” rating in a report on Thursday, November 14th. Finally, JMP Securities dropped their target price on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 13th.

Insider Buying and Selling at SoundThinking

In related news, CFO Alan R. Stewart sold 15,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total transaction of $209,250.00. Following the sale, the chief financial officer now owns 138,851 shares of the company’s stock, valued at approximately $1,936,971.45. This trade represents a 9.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ralph A. Clark sold 5,933 shares of SoundThinking stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $11.61, for a total value of $68,882.13. Following the transaction, the chief executive officer now owns 520,774 shares in the company, valued at approximately $6,046,186.14. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,621 shares of company stock valued at $336,458. Corporate insiders own 9.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. R Squared Ltd bought a new stake in shares of SoundThinking during the fourth quarter worth $70,000. BNP Paribas Financial Markets raised its stake in shares of SoundThinking by 145.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock valued at $102,000 after purchasing an additional 5,236 shares during the period. Diversified Investment Strategies LLC bought a new stake in shares of SoundThinking in the fourth quarter valued at about $131,000. Rhumbline Advisers boosted its position in shares of SoundThinking by 5.4% during the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after buying an additional 716 shares during the period. Finally, Cim LLC grew its holdings in shares of SoundThinking by 18.5% during the second quarter. Cim LLC now owns 19,828 shares of the company’s stock worth $266,000 after buying an additional 3,094 shares in the last quarter. Institutional investors own 60.74% of the company’s stock.

SoundThinking Trading Up 5.2 %

Shares of SSTI stock opened at $13.85 on Monday. SoundThinking has a 1 year low of $9.33 and a 1 year high of $22.37. The firm’s 50 day moving average is $12.85 and its 200-day moving average is $12.84. The firm has a market capitalization of $174.37 million, a price-to-earnings ratio of -115.41 and a beta of 1.18.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). The firm had revenue of $26.25 million during the quarter, compared to the consensus estimate of $26.20 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. During the same quarter in the previous year, the business posted ($0.09) earnings per share. On average, equities research analysts forecast that SoundThinking will post -0.39 earnings per share for the current fiscal year.

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.