SoundThinking, Inc. (NASDAQ:SSTI) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on SoundThinking, with five holds, one sell and one buy; the average 12-month price target is $10.83.
• SoundThinking’s latest quarter fell short of expectations, reporting a loss of $0.37 per share versus the $0.25 consensus estimate and revenue of $23.89 million versus $25.77 million expected.
• SSTI shares opened at $6.15, near their one-year low of $5.52, while institutional investors own 60.74% of the company and several major holders recently increased their positions.

SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) has received an average rating of "Hold" from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $10.8333.

A number of brokerages recently commented on SSTI. Roth Capital set a $13.00 target price on SoundThinking in a report on Friday, August 14th. Weiss Ratings raised shares of SoundThinking from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, August 17th. Lake Street Capital cut SoundThinking from a "buy" rating to a "hold" rating and set a $8.00 price objective for the company. in a research note on Friday, August 14th. Citizens Jmp reaffirmed a "market perform" rating on shares of SoundThinking in a report on Friday, August 14th. Finally, Zacks Research upgraded shares of SoundThinking from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SSTI. Royal Bank of Canada raised its holdings in SoundThinking by 88.6% in the first quarter. Royal Bank of Canada now owns 4,173 shares of the company's stock valued at $28,000 after buying an additional 1,960 shares during the period. BNP Paribas Financial Markets lifted its position in SoundThinking by 160.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company's stock worth $33,000 after acquiring an additional 1,688 shares in the last quarter. State of Wyoming acquired a new position in shares of SoundThinking during the second quarter worth $33,000. Versant Capital Management Inc lifted its stake in shares of SoundThinking by 31.7% in the second quarter. Versant Capital Management Inc now owns 9,305 shares of the company's stock worth $84,000 after acquiring an additional 2,239 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of SoundThinking by 78.1% during the fourth quarter. Wells Fargo & Company MN now owns 10,448 shares of the company's stock worth $84,000 after purchasing an additional 4,580 shares during the period. 60.74% of the stock is owned by hedge funds and other institutional investors.

SoundThinking Stock Performance

Shares of SSTI stock opened at $6.15 on Wednesday. The firm has a market cap of $79.64 million, a P/E ratio of -4.77 and a beta of 1.16. The firm's 50 day moving average price is $7.97 and its 200-day moving average price is $7.33. SoundThinking has a one year low of $5.52 and a one year high of $13.34.

SoundThinking (NASDAQ:SSTI - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.12). The company had revenue of $23.89 million during the quarter, compared to analyst estimates of $25.77 million. SoundThinking had a negative net margin of 16.92% and a negative return on equity of 23.77%. As a group, research analysts predict that SoundThinking will post -1.06 EPS 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.

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