SoundThinking, Inc. (NASDAQ:SSTI) Receives Consensus Rating of "Buy" from Brokerages

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 recommendation of "Buy" by the five research firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $20.80.

Several equities research analysts have recently issued reports on SSTI shares. Wall Street Zen lowered SoundThinking from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Lake Street Capital decreased their target price on SoundThinking from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th.

Insiders Place Their Bets

In related news, CEO Ralph A. Clark sold 16,161 shares of SoundThinking stock in a transaction dated 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 sale, the chief executive officer owned 588,638 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Over the last ninety days, insiders sold 18,925 shares of company stock valued at $223,967. Company insiders own 10.40% of the company's stock.

Institutional Investors Weigh In On SoundThinking

Large investors have recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in SoundThinking in the 2nd quarter worth about $33,000. MetLife Investment Management LLC purchased a new stake in SoundThinking in the 1st quarter worth about $98,000. Strs Ohio purchased a new stake in SoundThinking in the 1st quarter worth about $127,000. R Squared Ltd purchased a new stake in SoundThinking in the 2nd quarter worth about $156,000. Finally, GAMMA Investing LLC increased its holdings in SoundThinking by 6,553.7% in the 1st quarter. GAMMA Investing LLC now owns 13,374 shares of the company's stock worth $227,000 after acquiring an additional 13,173 shares during the last quarter. Hedge funds and other institutional investors own 60.74% of the company's stock.

SoundThinking Stock Up 0.6%

NASDAQ:SSTI traded up $0.08 during trading hours on Wednesday, hitting $12.55. 21,940 shares of the company traded hands, compared to its average volume of 59,044. The firm's 50-day simple moving average is $12.40 and its 200-day simple moving average is $14.60. SoundThinking has a one year low of $9.33 and a one year high of $19.43. The company has a market cap of $160.51 million, a PE ratio of -15.83 and a beta of 1.16.

SoundThinking (NASDAQ:SSTI - Get Free Report) last announced its 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 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 analysts' expectations of $26.61 million. SoundThinking has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that SoundThinking will post -0.42 EPS for the current year.

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.