Brokerages Set SoundThinking, Inc. (NASDAQ:SSTI) PT at $17.67

SoundThinking, Inc. (NASDAQ:SSTI) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $17.6667.

A number of analysts recently issued reports on the company. Roth Capital reissued a “buy” rating and issued a $20.00 target price (down from $30.00) on shares of SoundThinking in a research report on Thursday, November 13th. Citizens Jmp reduced their price objective on SoundThinking from $19.00 to $16.00 and set a “market outperform” rating for the company in a research note on Thursday, November 13th. Lake Street Capital lowered their target price on shares of SoundThinking from $19.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SoundThinking in a report on Tuesday. Finally, Zacks Research upgraded shares of SoundThinking from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th.

SoundThinking Trading Down 2.1%

Shares of SoundThinking stock opened at $6.20 on Monday. The company has a fifty day simple moving average of $9.93 and a 200-day simple moving average of $12.33. The stock has a market cap of $78.73 million, a price-to-earnings ratio of -7.85 and a beta of 1.17. SoundThinking has a 12-month low of $5.84 and a 12-month high of $19.43.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). SoundThinking had a negative net margin of 9.74% and a negative return on equity of 13.76%. The company had revenue of $25.10 million during the quarter, compared to analysts’ expectations of $27.97 million. SoundThinking has set its FY 2025 guidance at EPS. On average, analysts forecast that SoundThinking will post -0.42 earnings per share for the current fiscal year.

Insider Activity at SoundThinking

In other news, CEO Ralph A. Clark sold 16,161 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $11.80, for a total transaction of $190,699.80. Following the completion of the sale, the chief executive officer owned 588,638 shares in the company, valued at approximately $6,945,928.40. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 18,616 shares of company stock valued at $217,041 over the last three months. 10.40% of the stock is currently owned by corporate insiders.

Institutional Trading of SoundThinking

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Management LLC acquired a new position in SoundThinking in the 1st quarter valued at $98,000. Kopion Asset Management LLC lifted its stake in shares of SoundThinking by 8.3% in the 2nd 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 during the period. Samjo Management LLC purchased a new stake in shares of SoundThinking in the first quarter valued at about $1,085,000. Nuveen LLC acquired a new position in shares of SoundThinking during the first quarter worth about $413,000. Finally, Mackenzie Financial Corp increased its stake in shares of SoundThinking by 120.1% during the first quarter. Mackenzie Financial Corp now owns 94,362 shares of the company’s stock worth $1,599,000 after acquiring an additional 51,498 shares during the period. 60.74% of the stock is owned by hedge funds and other institutional investors.

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.