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

Key Points

• SoundThinking, Inc. has received a consensus "Buy" rating from five brokerages, with an average target price of $20.80.
• Despite the positive analyst ratings, the company reported a loss of $0.24 per share for the latest quarter, missing estimates, and had a market cap of $161.71 million.
• Insider trading activity included the sale of 1,809 shares by a company insider, reducing their ownership in the firm by 1.89%.

Shares of SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) have received an average rating of "Buy" from the five analysts that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $20.80.

Several equities analysts have commented on the stock. Wall Street Zen lowered shares of SoundThinking from a "hold" rating to a "sell" rating in a research report on Saturday. Cantor Fitzgerald reiterated an "overweight" rating and set a $20.00 price objective on shares of SoundThinking in a research report on Wednesday, May 14th. Roth Mkm restated a "buy" rating and issued a $30.00 target price on shares of SoundThinking in a report on Wednesday, May 14th. Finally, Lake Street Capital lowered their target price on shares of SoundThinking from $20.00 to $19.00 and set a "buy" rating for the company in a report on Wednesday, August 13th.

Insider Activity

In other news, insider Nasim Golzadeh sold 1,809 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $15.46, for a total value of $27,967.14. Following the completion of the sale, the insider owned 94,134 shares in the company, valued at approximately $1,455,311.64. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 3,462 shares of company stock valued at $52,052. 10.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SoundThinking

Several institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of SoundThinking by 6.5% in the 2nd quarter. Rhumbline Advisers now owns 15,960 shares of the company's stock worth $208,000 after acquiring an additional 980 shares during the last quarter. Pullen Investment Management LLC lifted its holdings in shares of SoundThinking by 1.0% in the 2nd quarter. Pullen Investment Management LLC now owns 160,653 shares of the company's stock worth $2,097,000 after acquiring an additional 1,515 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of SoundThinking by 9.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 23,068 shares of the company's stock worth $391,000 after acquiring an additional 2,033 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of SoundThinking by 3.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 72,931 shares of the company's stock worth $1,236,000 after acquiring an additional 2,198 shares during the last quarter. Finally, State of Wyoming bought a new stake in SoundThinking during the 2nd quarter valued at about $33,000. Institutional investors own 60.74% of the company's stock.

SoundThinking Stock Performance

SSTI stock traded down $0.30 during trading on Friday, hitting $12.35. 91,753 shares of the company's stock traded hands, compared to its average volume of 63,804. SoundThinking has a 52 week low of $9.33 and a 52 week high of $19.43. The business has a fifty day simple moving average of $13.22 and a 200 day simple moving average of $14.81. The stock has a market capitalization of $157.96 million, a price-to-earnings ratio of -15.63 and a beta of 1.26.

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