SoundThinking, Inc. (NASDAQ:SSTI) Receives $16.67 Average Price Target from Brokerages

by · The Cerbat Gem

SoundThinking, Inc. (NASDAQ:SSTI – Get Free Report) has been given an average rating of “Hold” by the eight research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $16.6667.

SSTI has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of SoundThinking in a research report on Monday, December 29th. Lake Street Capital decreased their target price on shares of SoundThinking from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Citizens Jmp lowered their price target on SoundThinking from $19.00 to $16.00 and set a “market outperform” rating on the stock in a report on Thursday, November 13th. Craig Hallum lowered SoundThinking from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a report on Thursday, November 13th. Finally, Cantor Fitzgerald cut SoundThinking from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $16.00 to $10.00 in a research report on Wednesday, January 7th.

View Our Latest Analysis on SSTI

SoundThinking Price Performance

Shares of NASDAQ SSTI opened at $8.04 on Tuesday. SoundThinking has a 1 year low of $5.78 and a 1 year high of $19.43. The stock has a market capitalization of $102.11 million, a P/E ratio of -9.57 and a beta of 1.11. The company’s 50-day moving average is $7.52 and its 200 day moving average is $10.43.

SoundThinking (NASDAQ:SSTI – Get Free Report) last announced its earnings results on Wednesday, November 12th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). SoundThinking had a negative net margin of 10.44% and a negative return on equity of 14.57%. The business had revenue of $25.10 million for the quarter, compared to the consensus estimate of $27.97 million. Research analysts anticipate that SoundThinking will post -0.42 earnings per share for the current year.

Hedge Funds Weigh In On SoundThinking

A number of hedge funds have recently modified their holdings of SSTI. Meeder Asset Management Inc. bought a new position in SoundThinking in the 3rd quarter worth approximately $31,000. BNP Paribas Financial Markets raised its position in shares of SoundThinking by 160.5% during the third quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock valued at $33,000 after buying an additional 1,688 shares during the last quarter. State of Wyoming purchased a new position in shares of SoundThinking in the second quarter worth $33,000. Strs Ohio bought a new position in shares of SoundThinking during the first quarter worth $127,000. Finally, Corient Private Wealth LLC bought a new position in shares of SoundThinking during the second quarter worth $132,000. 60.74% of the stock is currently owned by institutional investors.

About SoundThinking

(Get Free Report)

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. It offers ShotSpotter, an acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; and ResourceRouter, a software that directs patrol and community anti-violence resources to help maximize their impact.

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