SoundThinking (NASDAQ:SSTI) Raised to Hold at Zacks Research

Key Points

• SoundThinking (NASDAQ:SSTI) was upgraded from a "strong sell" to a "hold" rating by Zacks Research, despite facing other conflicting ratings from analysts.
• The company's latest quarterly earnings revealed a loss of ($0.24) EPS, missing estimates, and a revenue of $25.89 million, which was below the consensus estimate of $26.61 million.
• Insider transactions included CEO Ralph A. Clark selling 16,161 shares at $11.80 each, reducing his ownership by 2.67%, while insiders collectively own 10.40% of the company’s stock.

SoundThinking (NASDAQ:SSTI - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

SSTI has been the subject of a number of other reports. Wall Street Zen downgraded SoundThinking from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SoundThinking in a research report on Wednesday, October 8th. Finally, Lake Street Capital decreased their price target on SoundThinking from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.80.

SoundThinking Price Performance

Shares of SoundThinking stock opened at $11.68 on Monday. SoundThinking has a one year low of $9.33 and a one year high of $19.43. The stock's 50-day moving average is $12.17 and its 200 day moving average is $13.90. The firm has a market cap of $149.39 million, a price-to-earnings ratio of -14.78 and a beta of 1.18.

SoundThinking (NASDAQ:SSTI - Get Free Report) last announced 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). The firm 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. On average, sell-side analysts expect that SoundThinking will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling at SoundThinking

In related news, CEO Ralph A. Clark sold 16,161 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $11.80, for a total transaction of $190,699.80. Following the transaction, the chief executive officer owned 588,638 shares in the company, valued at $6,945,928.40. The trade was a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders sold 18,925 shares of company stock valued at $223,967. Insiders own 10.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SSTI. GAMMA Investing LLC grew its holdings in shares of SoundThinking by 6,553.7% during 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 period. Rhumbline Advisers grew its holdings in shares of SoundThinking by 10.1% during the 1st quarter. Rhumbline Advisers now owns 14,980 shares of the company's stock worth $254,000 after acquiring an additional 1,373 shares during the period. Brown Advisory Inc. purchased a new position in shares of SoundThinking during the 1st quarter worth approximately $535,000. Rice Hall James & Associates LLC grew its holdings in shares of SoundThinking by 5.6% during the 1st quarter. Rice Hall James & Associates LLC now owns 420,187 shares of the company's stock worth $7,122,000 after acquiring an additional 22,459 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in shares of SoundThinking by 120.1% during the 1st quarter. Mackenzie Financial Corp now owns 94,362 shares of the company's stock worth $1,599,000 after acquiring an additional 51,498 shares during the period. Hedge funds and other institutional investors own 60.74% of the company's stock.

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.

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