SoundThinking, Inc. (NASDAQ:SSTI) Receives $23.00 Average Target Price from Brokerages
SoundThinking, Inc. (NASDAQ:SSTI – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $23.00. Several equities analysts have recently weighed in on the stock. Roth Mkm reiterated a “buy” rating and issued a $30.00 price objective on shares of SoundThinking in a research note on Wednesday, May 15th. Craig Hallum decreased their price objective on shares of SoundThinking from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, May 15th. Cantor Fitzgerald lowered their target price on shares of SoundThinking from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 15th. Finally, William Blair lowered SoundThinking from an “outperform” rating to a “market perform” rating in a research note on Friday. Check Out Our Latest Stock Analysis on SSTI Insider Buying and Selling In other news, CEO Ralph A. Clark sold 2,034 shares of SoundThinking stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $16.42, for a total value of $33,398.28. Following the sale, the chief executive officer now directly owns 543,857 shares of the company’s stock, valued at $8,930,131.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 3,296 shares of company stock worth $54,459. 7.70% of the stock is owned by insiders. Hedge Funds Weigh In On SoundThinking Several institutional investors have recently bought and sold shares of the business. Acuitas Investments LLC lifted its holdings in shares of SoundThinking by 76.6% in the 4th quarter. Acuitas Investments LLC now owns 80,984 shares of the company’s stock worth $2,068,000 after acquiring an additional 35,124 shares during the last quarter. Kennedy Capital Management LLC bought a new position in shares of SoundThinking during the third quarter valued at approximately $1,898,000. Conestoga Capital Advisors LLC grew its stake in shares of SoundThinking by 24.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 68,480 shares of the company’s stock valued at $1,749,000 after buying an additional 13,490 shares during the last quarter. Bares Capital Management Inc. raised its holdings in shares of SoundThinking by 12.6% in the third quarter. Bares Capital Management Inc. now owns 667,508 shares of the company’s stock worth $11,948,000 after buying an additional 74,521 shares during the period. Finally, Kopion Asset Management LLC bought a new stake in shares of SoundThinking during the 4th quarter worth approximately $3,202,000. Institutional investors own 60.74% of the company’s stock. SoundThinking Stock Up 0.5 % Shares of NASDAQ SSTI opened at $14.35 on Friday. The firm has a market cap of $183.58 million, a P/E ratio of -44.84 and a beta of 1.18. The company has a 50 day moving average of $14.66 and a 200 day moving average of $19.07. SoundThinking has a twelve month low of $12.98 and a twelve month high of $27.75. SoundThinking (NASDAQ:SSTI – Get Free Report) last posted its earnings results on Tuesday, May 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.15). The company had revenue of $25.41 million during the quarter, compared to the consensus estimate of $25.48 million. SoundThinking had a negative return on equity of 12.69% and a negative net margin of 3.94%. During the same period last year, the firm posted ($0.15) EPS. As a group, equities analysts expect that SoundThinking will post -0.32 earnings per share for the current fiscal year. 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. See Also Five stocks we like better than SoundThinking What is a Low P/E Ratio and What Does it Tell Investors? MarketBeat Week in Review – 5/13 – 5/17 Consumer Staples Stocks, Explained Take-Two Interactive Software Offers 2nd Chance for Investors Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
