SoundThinking, Inc. (NASDAQ:SSTI) Receives Average Recommendation of “Moderate Buy” from Brokerages

SoundThinking, Inc. (NASDAQ:SSTI) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $20.80.

A number of analysts have commented on SSTI shares. Lake Street Capital dropped their price target on shares of SoundThinking from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Zacks Research upgraded shares of SoundThinking from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SoundThinking in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of SoundThinking from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th.

SoundThinking Trading Down 3.8%

SSTI stock opened at $8.56 on Thursday. SoundThinking has a 52 week low of $8.51 and a 52 week high of $19.43. The company has a market capitalization of $109.49 million, a price-to-earnings ratio of -10.84 and a beta of 1.17. The firm’s 50-day moving average is $11.53 and its two-hundred day moving average is $13.22.

SoundThinking (NASDAQ:SSTI) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.15). SoundThinking had a negative return on equity of 13.76% and a negative net margin of 9.74%.The company had revenue of $25.89 million for the quarter, compared to the consensus estimate of $26.61 million. SoundThinking has set its FY 2025 guidance at EPS. On average, equities research analysts predict that SoundThinking will post -0.42 earnings per share for the current year.

Insider Activity

In other news, CEO Ralph A. Clark sold 16,161 shares of SoundThinking stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $11.80, for a total value of $190,699.80. Following the transaction, the chief executive officer owned 588,638 shares of the company’s stock, valued at $6,945,928.40. The trade was a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 18,925 shares of company stock valued at $223,967. Insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On SoundThinking

Several hedge funds have recently made changes to their positions in the business. MetLife Investment Management LLC purchased a new position in shares of SoundThinking in the first quarter worth approximately $98,000. Kopion Asset Management LLC increased its position in shares of SoundThinking by 8.3% in the second quarter. Kopion Asset Management LLC now owns 586,652 shares of the company’s stock worth $7,659,000 after acquiring an additional 44,976 shares in the last quarter. Samjo Management LLC purchased a new position in shares of SoundThinking in the first quarter worth approximately $1,085,000. Nuveen LLC purchased a new position in shares of SoundThinking in the first quarter worth approximately $413,000. Finally, Rice Hall James & Associates LLC increased its position in shares of SoundThinking by 5.6% in the first quarter. Rice Hall James & Associates LLC now owns 420,187 shares of the company’s stock worth $7,122,000 after acquiring an additional 22,459 shares in the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

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.