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

Shares of SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) have earned an average rating of "Moderate Buy" from the six research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $21.20.

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

Hedge Funds Weigh In On SoundThinking

Large investors have recently added to or reduced their stakes in the company. Kopion Asset Management LLC raised its position in shares of SoundThinking by 24.2% during the 4th quarter. Kopion Asset Management LLC now owns 727,144 shares of the company's stock valued at $9,497,000 after purchasing an additional 141,630 shares during the period. JPMorgan Chase & Co. lifted its position in shares of SoundThinking by 93.5% in the third quarter. JPMorgan Chase & Co. now owns 56,072 shares of the company's stock valued at $650,000 after acquiring an additional 27,091 shares in the last quarter. Barclays PLC boosted its stake in shares of SoundThinking by 245.5% in 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 grew its position in shares of 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 purchasing an additional 35,584 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in SoundThinking by 29.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,733 shares of the company's stock valued at $924,000 after purchasing an additional 15,943 shares during the period. Hedge funds and other institutional investors own 60.74% of the company's stock.

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SoundThinking Price Performance

NASDAQ SSTI traded down $0.99 during trading hours on Friday, hitting $16.21. The company's stock had a trading volume of 44,572 shares, compared to its average volume of 64,330. SoundThinking has a 12 month low of $9.33 and a 12 month high of $19.43. The company's 50 day simple moving average is $15.83 and its two-hundred day simple moving average is $13.56. The company has a market cap of $205.32 million, a P/E ratio of -135.07 and a beta of 1.29.

SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its quarterly earnings data 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). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The company had revenue of $23.41 million for the quarter, compared to the consensus estimate of $26.65 million. As a group, research analysts predict that SoundThinking will post -0.42 earnings per share for the current fiscal year.

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.