SoundThinking, Inc. (NASDAQ:SSTI) Receives $21.20 Average Target Price from Analysts

Shares of SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) have earned an average rating of "Moderate Buy" from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $21.20.

A number of research firms have commented on SSTI. Craig Hallum reduced their price target on shares of SoundThinking from $17.50 to $16.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th. Cantor Fitzgerald raised SoundThinking to a "strong-buy" rating in a report on Thursday, November 14th. Finally, JMP Securities decreased their price target on SoundThinking from $25.00 to $19.00 and set a "market outperform" rating on the stock in a research report on Wednesday, November 13th.

Insider Activity

In other SoundThinking news, CFO Alan R. Stewart sold 15,000 shares of the business's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total transaction of $209,250.00. Following the completion of the sale, the chief financial officer now directly owns 138,851 shares of the company's stock, valued at approximately $1,936,971.45. The trade was a 9.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ralph A. Clark sold 5,933 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $11.61, for a total transaction of $68,882.13. Following the completion of the transaction, the chief executive officer now directly owns 520,774 shares in the company, valued at $6,046,186.14. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,621 shares of company stock valued at $336,458 over the last three months. 9.20% of the stock is owned by insiders.

Institutional Investors Weigh In On SoundThinking

A number of institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. grew its holdings in SoundThinking by 14.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,505,000 shares of the company's stock worth $18,331,000 after acquiring an additional 190,000 shares during the period. Disciplined Growth Investors Inc. MN bought a new position in shares of SoundThinking in the 3rd quarter worth $5,354,000. Rice Hall James & Associates LLC grew its stake in shares of SoundThinking by 56.6% during the third quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company's stock worth $4,197,000 after purchasing an additional 130,913 shares during the period. State Street Corp increased its holdings in SoundThinking by 4.3% in the third quarter. State Street Corp now owns 197,024 shares of the company's stock valued at $2,284,000 after purchasing an additional 8,078 shares during the last quarter. Finally, Pullen Investment Management LLC lifted its stake in SoundThinking by 70.0% in the third quarter. Pullen Investment Management LLC now owns 88,152 shares of the company's stock valued at $1,022,000 after buying an additional 36,290 shares during the period. 60.74% of the stock is owned by institutional investors.

SoundThinking Price Performance

Shares of SSTI traded down $0.30 during mid-day trading on Thursday, reaching $12.76. The company had a trading volume of 51,591 shares, compared to its average volume of 62,060. The company has a market capitalization of $160.64 million, a P/E ratio of -106.32 and a beta of 1.19. SoundThinking has a twelve month low of $9.33 and a twelve month high of $24.44. The company's 50-day moving average is $12.26 and its 200-day moving average is $12.73.

SoundThinking (NASDAQ:SSTI - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.03). SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. The company had revenue of $26.25 million for the quarter, compared to analyst estimates of $26.20 million. During the same quarter in the prior year, the company earned ($0.09) earnings per share. As a group, equities analysts expect that SoundThinking will post -0.39 EPS for the current fiscal 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.