SoundThinking, Inc. (NASDAQ:SSTI) Given Average Recommendation of "Moderate Buy" by Analysts

SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) has received an average recommendation of "Moderate Buy" from the six analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $20.80.

Several research firms recently weighed in on SSTI. Weiss Ratings restated a "sell (d-)" rating on shares of SoundThinking in a research report on Saturday, September 27th. Wall Street Zen cut shares of SoundThinking from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Finally, Lake Street Capital reduced their price target on shares of SoundThinking from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th.

SoundThinking Trading Up 0.2%

SSTI stock opened at $11.98 on Friday. The company's 50 day moving average is $12.14 and its 200 day moving average is $14.22. The stock has a market cap of $153.22 million, a price-to-earnings ratio of -15.16 and a beta of 1.18. SoundThinking has a 1-year low of $9.33 and a 1-year high of $19.43.

SoundThinking (NASDAQ:SSTI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.15). The company had revenue of $25.89 million during the quarter, compared to the consensus estimate of $26.61 million. SoundThinking had a negative return on equity of 13.76% and a negative net margin of 9.74%. SoundThinking has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that SoundThinking will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other SoundThinking news, CEO Ralph A. Clark sold 16,161 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $11.80, for a total transaction of $190,699.80. Following the transaction, the chief executive officer directly owned 588,638 shares in the company, valued at $6,945,928.40. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 18,925 shares of company stock worth $223,967 in the last quarter. 10.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC purchased a new stake in shares of SoundThinking during the second quarter valued at approximately $132,000. State of Wyoming purchased a new stake in shares of SoundThinking during the second quarter valued at approximately $33,000. Wasatch Advisors LP boosted its stake in shares of SoundThinking by 42.9% during the second quarter. Wasatch Advisors LP now owns 534,237 shares of the company's stock valued at $6,974,000 after purchasing an additional 160,451 shares during the period. Man Group plc boosted its stake in shares of SoundThinking by 13.7% during the second quarter. Man Group plc now owns 38,166 shares of the company's stock valued at $498,000 after purchasing an additional 4,588 shares during the period. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of SoundThinking during the second quarter valued at approximately $402,000. 60.74% of the stock is currently owned by institutional investors.

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.

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