Brokerages Set SoundThinking, Inc. (NASDAQ:SSTI) Target Price at $21.20

SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $21.20.

A number of analysts have recently weighed in on SSTI shares. Craig Hallum upgraded shares of SoundThinking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Cantor Fitzgerald reissued an "overweight" rating and issued a $20.00 target price on shares of SoundThinking in a research note on Wednesday, February 26th.

SoundThinking Stock Performance

Shares of SSTI traded up $0.49 during mid-day trading on Wednesday, reaching $16.17. The stock had a trading volume of 2,524 shares, compared to its average volume of 62,807. The firm has a market cap of $204.81 million, a price-to-earnings ratio of -134.74 and a beta of 1.21. SoundThinking has a 12 month low of $9.33 and a 12 month high of $19.43. The business has a fifty day moving average of $16.21 and a 200 day moving average of $14.11.

SoundThinking (NASDAQ:SSTI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.30). The firm had revenue of $23.41 million during the quarter, compared to the consensus estimate of $26.65 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. On average, research analysts forecast that SoundThinking will post -0.42 EPS for the current fiscal year.

Institutional Trading of SoundThinking

Large investors have recently made changes to their positions in the business. Kopion Asset Management LLC boosted its holdings in SoundThinking by 24.2% during the fourth quarter. Kopion Asset Management LLC now owns 727,144 shares of the company's stock worth $9,497,000 after buying an additional 141,630 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in SoundThinking by 93.5% during the third quarter. JPMorgan Chase & Co. now owns 56,072 shares of the company's stock worth $650,000 after buying an additional 27,091 shares in the last quarter. Barclays PLC raised its position in SoundThinking by 245.5% during the third quarter. Barclays PLC now owns 24,755 shares of the company's stock worth $286,000 after acquiring an additional 17,591 shares during the period. Rice Hall James & Associates LLC raised its position in SoundThinking by 9.8% during the fourth quarter. Rice Hall James & Associates LLC now owns 397,728 shares of the company's stock worth $5,194,000 after acquiring an additional 35,584 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in SoundThinking by 29.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,733 shares of the company's stock worth $924,000 after acquiring an additional 15,943 shares during the period. 60.74% of the stock is owned by hedge funds and other institutional investors.

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.