SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.69 and traded as low as $5.85. SoundThinking shares last traded at $6.11, with a volume of 55,437 shares traded.
Wall Street Analyst Weigh In
SSTI has been the subject of a number of recent analyst reports. Weiss Ratings lowered SoundThinking from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday. Wall Street Zen downgraded SoundThinking from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 15th. Northland Securities set a $10.00 price target on SoundThinking in a report on Friday, August 14th. Zacks Research upgraded SoundThinking from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Finally, Roth Capital set a $13.00 price objective on shares of SoundThinking in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $10.83.
Check Out Our Latest Research Report on SoundThinking
SoundThinking Stock Up 0.5%
The company has a market capitalization of $79.15 million, a P/E ratio of -4.74 and a beta of 1.16. The business has a 50 day moving average of $7.69 and a 200 day moving average of $7.27.
SoundThinking (NASDAQ:SSTI - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.37) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.12). SoundThinking had a negative net margin of 16.92% and a negative return on equity of 23.77%. The firm had revenue of $23.89 million for the quarter, compared to the consensus estimate of $25.77 million. On average, research analysts anticipate that SoundThinking, Inc. will post -1.06 EPS for the current year.
Institutional Trading of SoundThinking
Several hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC bought a new stake in SoundThinking during the second quarter worth approximately $367,000. Ieq Capital LLC purchased a new stake in SoundThinking during the second quarter valued at approximately $193,000. Great Lakes Advisors LLC bought a new stake in shares of SoundThinking in the 2nd quarter valued at approximately $272,000. BlackRock Inc. bought a new stake in shares of SoundThinking in the 2nd quarter valued at approximately $3,240,000. Finally, Rice Hall James & Associates LLC purchased a new position in shares of SoundThinking in the 2nd quarter worth approximately $4,225,000. 60.74% of the stock is currently owned by hedge funds and other institutional investors.
SoundThinking Company Profile
(
Get Free Report)
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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