Analysts Set SoundThinking, Inc. (NASDAQ:SSTI) PT 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 currently covering the stock, 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 target among analysts that have issued a report on the stock in the last year is $21.20.

Several research firms recently issued reports on SSTI. Craig Hallum raised shares of SoundThinking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $20.00 price target on shares of SoundThinking in a research note on Wednesday, February 26th.

SoundThinking Stock Down 3.6 %

Shares of SoundThinking stock traded down $0.66 during trading hours on Tuesday, reaching $17.88. 174,229 shares of the stock traded hands, compared to its average volume of 63,192. SoundThinking has a one year low of $9.33 and a one year high of $18.95. The firm has a market capitalization of $225.09 million, a price-to-earnings ratio of -148.99 and a beta of 1.39. The company has a 50 day moving average price of $14.42 and a 200 day moving average price of $13.02.

SoundThinking (NASDAQ:SSTI - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.30). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The business had revenue of $23.41 million for the quarter, compared to the consensus estimate of $26.65 million. Sell-side analysts anticipate that SoundThinking will post -0.42 earnings per share for the current year.

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Institutional Trading of SoundThinking

Institutional investors and hedge funds have recently bought and sold shares of the stock. Trexquant Investment LP grew its position in shares of SoundThinking by 3.2% during the fourth quarter. Trexquant Investment LP now owns 56,422 shares of the company's stock valued at $737,000 after purchasing an additional 1,745 shares in the last quarter. Geode Capital Management LLC boosted its stake in SoundThinking by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 216,121 shares of the company's stock valued at $2,823,000 after buying an additional 2,547 shares during the last quarter. Sherbrooke Park Advisers LLC grew its holdings in SoundThinking by 18.2% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 23,302 shares of the company's stock valued at $304,000 after buying an additional 3,589 shares in the last quarter. Hsbc Holdings PLC increased its stake in SoundThinking by 13.2% in the 4th quarter. Hsbc Holdings PLC now owns 41,782 shares of the company's stock worth $555,000 after acquiring an additional 4,886 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in SoundThinking by 145.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company's stock worth $102,000 after acquiring an additional 5,236 shares during the last quarter. 60.74% of the stock is currently owned by institutional investors.

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.