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

Key Points

• SoundThinking, Inc. (NASDAQ:SSTI) has received a consensus rating of "Buy" from five analysts, with a one-year price target averaging $20.80.
• The company's recent earnings report showed a loss of ($0.24) EPS, which missed the consensus estimate by ($0.15), and revenue of $25.89 million was below expectations of $26.61 million.
• Insider trading activity includes CEO Ralph A. Clark selling 16,161 shares at an average price of $11.80, representing a 2.67% decrease in his position.

SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) has been given a consensus rating of "Buy" by the five analysts that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $20.80.

Several research analysts recently issued reports on the company. Roth Mkm reaffirmed a "buy" rating and set a $30.00 target price on shares of SoundThinking in a research report on Wednesday, May 14th. Cantor Fitzgerald restated an "overweight" rating and set a $20.00 price objective on shares of SoundThinking in a report on Wednesday, May 14th. 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 research note on Wednesday, August 13th. Finally, Wall Street Zen lowered shares of SoundThinking from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th.

SoundThinking Stock Down 2.0%

NASDAQ:SSTI opened at $11.99 on Wednesday. The stock has a market capitalization of $153.35 million, a price-to-earnings ratio of -15.18 and a beta of 1.16. SoundThinking has a 52 week low of $9.33 and a 52 week high of $19.43. The firm has a 50 day moving average of $12.48 and a 200 day moving average of $14.66.

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

Insider Activity

In related news, CEO Ralph A. Clark sold 16,161 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $11.80, for a total value of $190,699.80. Following the completion of the transaction, the chief executive officer owned 588,638 shares in the company, valued at $6,945,928.40. This trade represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 18,925 shares of company stock valued at $223,967. 10.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Yost Capital Management LP purchased a new stake in shares of SoundThinking in the 2nd quarter valued at $2,350,000. Wasatch Advisors LP lifted its position in 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. Samjo Management LLC purchased a new stake in SoundThinking in the first quarter valued at $1,085,000. Pullen Investment Management LLC grew its position in SoundThinking by 61.1% during the 4th quarter. Pullen Investment Management LLC now owns 142,040 shares of the company's stock worth $1,855,000 after purchasing an additional 53,888 shares during the period. Finally, Mackenzie Financial Corp raised its stake in shares of SoundThinking by 120.1% during the 1st quarter. Mackenzie Financial Corp now owns 94,362 shares of the company's stock valued at $1,599,000 after buying an additional 51,498 shares during 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.

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