Brokerages Set SoundThinking, Inc. (NASDAQ:SSTI) Price Target at $21.20

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $21.20.

A number of research analysts recently weighed in on SSTI shares. JMP Securities dropped their price target on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a research note on Wednesday, November 13th. Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a research report on Thursday, November 14th. Finally, Craig Hallum reduced their price target on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th.

SoundThinking Stock Down 0.8 %

Shares of SSTI stock opened at $13.00 on Thursday. The firm has a 50 day moving average of $12.42 and a 200-day moving average of $12.73. The company has a market cap of $163.66 million, a price-to-earnings ratio of -108.32 and a beta of 1.18. SoundThinking has a 52 week low of $9.33 and a 52 week high of $24.44.

SoundThinking (NASDAQ:SSTI) last issued its earnings results 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 the consensus estimate of $26.20 million. During the same period in the prior year, the company earned ($0.09) earnings per share. Analysts anticipate that SoundThinking will post -0.39 earnings per share for the current year.

Insider Activity

In other news, CEO Ralph A. Clark sold 5,933 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.61, for a total value of $68,882.13. Following the completion of the sale, the chief executive officer now owns 520,774 shares in the company, valued at $6,046,186.14. This represents a 1.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Alan R. Stewart sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total transaction of $209,250.00. Following the transaction, the chief financial officer now directly owns 138,851 shares in the company, valued at $1,936,971.45. The trade was a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,621 shares of company stock worth $336,458 over the last 90 days. 9.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SoundThinking

A number of institutional investors have recently added to or reduced their stakes in SSTI. JPMorgan Chase & Co. boosted its stake in shares of SoundThinking by 93.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 56,072 shares of the company’s stock worth $650,000 after buying an additional 27,091 shares during the last quarter. Barclays PLC lifted its holdings in SoundThinking by 245.5% during 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. Disciplined Growth Investors Inc. MN purchased a new position in SoundThinking in the third quarter worth $5,354,000. State Street Corp grew its stake in SoundThinking by 4.3% in the 3rd 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 period. Finally, Walleye Capital LLC increased its position in shares of SoundThinking by 61.9% during the 3rd quarter. Walleye Capital LLC now owns 51,932 shares of the company’s stock valued at $602,000 after purchasing an additional 19,861 shares during the last quarter. 60.74% of the stock is owned by institutional investors.

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.