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

SoundThinking, Inc. (NASDAQ:SSTI) has been assigned a consensus rating 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 assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $14.00.

A number of research analysts have commented on SSTI shares. Zacks Research cut shares of SoundThinking from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Weiss Ratings downgraded shares of SoundThinking from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, June 24th. Finally, Wall Street Zen raised SoundThinking from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 31st.

Institutional Investors Weigh In On SoundThinking

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of SoundThinking by 88.6% during the first quarter. Royal Bank of Canada now owns 4,173 shares of the company’s stock valued at $28,000 after acquiring an additional 1,960 shares during the period. BNP Paribas Financial Markets lifted its position in SoundThinking by 160.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock worth $33,000 after buying an additional 1,688 shares in the last quarter. State of Wyoming purchased a new stake in SoundThinking in the 2nd quarter worth approximately $33,000. Versant Capital Management Inc boosted its stake in shares of SoundThinking by 31.7% during the 2nd quarter. Versant Capital Management Inc now owns 9,305 shares of the company’s stock valued at $84,000 after buying an additional 2,239 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of SoundThinking by 78.1% during the 4th quarter. Wells Fargo & Company MN now owns 10,448 shares of the company’s stock valued at $84,000 after buying an additional 4,580 shares during the period. Hedge funds and other institutional investors own 60.74% of the company’s stock.

SoundThinking Trading Down 2.0%

SSTI stock traded down $0.18 during midday trading on Tuesday, hitting $8.89. 26,452 shares of the company’s stock were exchanged, compared to its average volume of 156,004. SoundThinking has a 1-year low of $5.78 and a 1-year high of $14.26. The stock has a market capitalization of $115.19 million, a PE ratio of -7.67 and a beta of 1.14. The business has a 50-day simple moving average of $7.48 and a two-hundred day simple moving average of $7.35.

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). The business had revenue of $24.18 million during the quarter, compared to analyst estimates of $24.27 million. SoundThinking had a negative net margin of 14.95% and a negative return on equity of 20.76%. As a group, research analysts expect that SoundThinking will post -0.69 EPS 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. 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.