SoundThinking (NASDAQ:SSTI) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of SoundThinking (NASDAQ:SSTI) to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

SSTI has been the topic of a number of other reports. Craig Hallum cut their price target on SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. JMP Securities dropped their price objective on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.20.

SoundThinking Trading Down 0.8 %

Shares of NASDAQ SSTI opened at $11.43 on Thursday. The company has a market cap of $143.89 million, a price-to-earnings ratio of -95.25 and a beta of 1.17. SoundThinking has a 12 month low of $9.33 and a 12 month high of $26.92. The stock has a 50-day moving average price of $11.70 and a two-hundred day moving average price of $13.16.

SoundThinking (NASDAQ:SSTI) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $26.20 million. During the same quarter in the prior year, the company earned ($0.09) earnings per share. On average, sell-side analysts predict that SoundThinking will post -0.39 earnings per share for the current year.

Insider Transactions at SoundThinking

In related news, CEO Ralph A. Clark sold 5,591 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $14.36, for a total transaction of $80,286.76. Following the sale, the chief executive officer now owns 536,373 shares in the company, valued at $7,702,316.28. This represents a 1.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 13,332 shares of company stock worth $185,826. Company insiders own 9.20% of the company’s stock.

Hedge Funds Weigh In On SoundThinking

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in shares of SoundThinking by 145.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock valued at $102,000 after buying an additional 5,236 shares during the period. Rhumbline Advisers boosted its holdings in SoundThinking by 5.4% in the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after acquiring an additional 716 shares in the last quarter. Ibex Investors LLC acquired a new stake in SoundThinking in the second quarter valued at approximately $171,000. Cim LLC increased its holdings in shares of SoundThinking by 18.5% during the second quarter. Cim LLC now owns 19,828 shares of the company’s stock valued at $266,000 after acquiring an additional 3,094 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of SoundThinking by 245.5% during the third quarter. Barclays PLC now owns 24,755 shares of the company’s stock valued at $286,000 after acquiring an additional 17,591 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.