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

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $21.20.

SSTI has been the subject of several recent research reports. Craig Hallum raised SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $20.00 price objective on shares of SoundThinking in a research note on Wednesday, February 26th.

SoundThinking Trading Up 6.1 %

Shares of NASDAQ SSTI opened at $18.54 on Tuesday. The company has a market cap of $233.40 million, a price-to-earnings ratio of -154.49 and a beta of 1.39. SoundThinking has a 12 month low of $9.33 and a 12 month high of $18.65. The stock has a 50-day moving average price of $14.42 and a two-hundred day moving average price of $13.02.

SoundThinking (NASDAQ:SSTI) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $23.41 million during the quarter, compared to analyst estimates of $26.65 million. On average, sell-side analysts predict that SoundThinking will post -0.42 earnings per share for the current year.

Institutional Trading of SoundThinking

Institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new stake in SoundThinking in the fourth quarter valued at approximately $70,000. BNP Paribas Financial Markets boosted its holdings in shares of SoundThinking by 145.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock worth $102,000 after buying an additional 5,236 shares in the last quarter. Diversified Investment Strategies LLC bought a new position in shares of SoundThinking during the 4th quarter worth approximately $131,000. WINTON GROUP Ltd bought a new position in shares of SoundThinking during the 4th quarter worth approximately $228,000. Finally, Two Sigma Advisers LP boosted its holdings in shares of SoundThinking by 80.6% during the 4th quarter. Two Sigma Advisers LP now owns 18,600 shares of the company’s stock worth $243,000 after buying an additional 8,300 shares in the last quarter. 60.74% of the stock is currently 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.