SoundThinking's (SSTI) "Buy" Rating Reiterated at Roth Mkm

SoundThinking (NASDAQ:SSTI - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Roth Mkm in a research note issued on Wednesday, Benzinga reports. They currently have a $30.00 price objective on the stock. Roth Mkm's price objective points to a potential upside of 115.67% from the stock's current price.

Separately, Cantor Fitzgerald decreased their target price on SoundThinking from $25.00 to $20.00 and set an "overweight" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $23.00.

SoundThinking Price Performance

NASDAQ:SSTI traded down $0.49 during mid-day trading on Wednesday, reaching $13.91. The stock had a trading volume of 68,435 shares, compared to its average volume of 57,807. The stock has a market cap of $177.91 million, a P/E ratio of -58.71 and a beta of 1.18. The business's 50 day moving average is $14.79 and its 200 day moving average is $19.10. SoundThinking has a fifty-two week low of $12.98 and a fifty-two week high of $27.75.

SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.15). The company had revenue of $25.41 million during the quarter, compared to the consensus estimate of $25.48 million. SoundThinking had a negative net margin of 2.93% and a negative return on equity of 11.69%. During the same period in the previous year, the business posted ($0.15) earnings per share. Equities analysts expect that SoundThinking will post -0.19 EPS for the current year.

Insider Transactions at SoundThinking

In other SoundThinking news, CEO Ralph A. Clark sold 2,034 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $16.42, for a total value of $33,398.28. Following the transaction, the chief executive officer now directly owns 543,857 shares in the company, valued at $8,930,131.94. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last quarter, insiders have sold 3,296 shares of company stock valued at $54,459. 7.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in SoundThinking by 5.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 36,523 shares of the company's stock valued at $654,000 after purchasing an additional 1,996 shares during the last quarter. Rice Hall James & Associates LLC increased its position in SoundThinking by 16.0% in the 3rd quarter. Rice Hall James & Associates LLC now owns 126,905 shares of the company's stock valued at $2,272,000 after acquiring an additional 17,549 shares in the last quarter. Mainsail Management Company LLC bought a new position in shares of SoundThinking in the third quarter worth about $1,646,000. Federated Hermes Inc. raised its position in SoundThinking by 1.5% in the 3rd quarter. Federated Hermes Inc. now owns 1,315,000 shares of the company's stock worth $23,538,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Bares Capital Management Inc. lifted its holdings in SoundThinking by 12.6% during the 3rd quarter. Bares Capital Management Inc. now owns 667,508 shares of the company's stock worth $11,948,000 after buying an additional 74,521 shares in the last quarter. 60.74% of the stock is owned by institutional investors and hedge funds.

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.