SoundThinking, Inc. (SSTI) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts have a “Reduce” consensus on SoundThinking: eight of nine covering analysts rate it Hold and one rates it Sell. Their average 12-month price target is $9.79.
• SoundThinking’s latest quarter fell short of expectations, reporting a loss of $0.37 per share versus the expected $0.25 loss and revenue of $23.89 million versus forecast revenue of $25.77 million.
• The company reported a negative net margin of 16.92% and negative return on equity of 23.77%; analysts expect a full-year loss of $1.06 per share.

Shares of SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) have earned a consensus rating of "Reduce" from the nine analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $9.79.

A number of analysts have recently weighed in on SSTI shares. Lake Street Capital lowered shares of SoundThinking from a "buy" rating to a "hold" rating and set a $8.00 target price for the company. in a report on Friday, August 14th. Weiss Ratings upgraded SoundThinking from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, October 29th. Craig Hallum boosted their price target on SoundThinking from $6.00 to $8.50 and gave the company a "hold" rating in a report on Friday, October 2nd. Cantor Fitzgerald lowered their price target on SoundThinking from $10.00 to $8.00 and set a "neutral" rating for the company in a research report on Friday, August 14th. Finally, Zacks Research upgraded SoundThinking from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th.

SoundThinking Price Performance

Shares of NASDAQ SSTI opened at $8.34 on Monday. The firm's fifty day moving average is $7.28 and its 200 day moving average is $7.29. SoundThinking has a 52 week low of $5.41 and a 52 week high of $10.03. The company has a market cap of $108.00 million, a price-to-earnings ratio of -6.47 and a beta of 1.10.

SoundThinking (NASDAQ:SSTI - Get Free Report) last announced its quarterly 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 firm had revenue of $23.89 million for the quarter, compared to analysts' expectations of $25.77 million. SoundThinking had a negative net margin of 16.92% and a negative return on equity of 23.77%. Equities research analysts anticipate that SoundThinking will post -1.06 earnings per share for the current year.

Hedge Funds Weigh In On SoundThinking

A number of hedge funds and other institutional investors have recently made changes to their positions in SSTI. Royal Bank of Canada increased its position in SoundThinking by 88.6% during the 1st quarter. Royal Bank of Canada now owns 4,173 shares of the company's stock valued at $28,000 after purchasing an additional 1,960 shares during the period. Versant Capital Management Inc raised its holdings in SoundThinking by 31.7% in the 2nd quarter. Versant Capital Management Inc now owns 9,305 shares of the company's stock worth $84,000 after purchasing an additional 2,239 shares in the last quarter. Sei Investments Co. bought a new position in SoundThinking in the 1st quarter worth $92,000. Bank of America Corp DE raised its holdings in SoundThinking by 16.2% in the 1st quarter. Bank of America Corp DE now owns 14,299 shares of the company's stock worth $95,000 after purchasing an additional 1,992 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of SoundThinking in the 2nd quarter worth about $193,000. Institutional investors own 60.74% of the company's stock.

About SoundThinking

SoundThinking, Inc is a public safety technology company that provides data-driven tools to help law enforcement and other public safety organizations detect, analyze and respond to crime. The company's platform combines acoustic sensors, artificial intelligence, data analytics and investigative software to support emergency response, investigations and resource allocation.

Its flagship ShotSpotter service uses a network of acoustic sensors and machine-learning technology to detect, locate and analyze suspected gunfire, helping agencies identify incidents that may not be reported through emergency calls.

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