SoundThinking, Inc. (NASDAQ:SSTI) Given Consensus Rating of “Hold” by Brokerages

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $14.00.

SSTI has been the subject of a number of research reports. Weiss Ratings lowered shares of SoundThinking from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 30th. Zacks Research raised SoundThinking from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen raised SoundThinking from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 31st.

Institutional Trading of SoundThinking

Several institutional investors and hedge funds have recently added to or reduced their stakes in SSTI. Rice Hall James & Associates LLC acquired a new stake in SoundThinking during the 2nd quarter worth $4,225,000. BlackRock Inc. bought a new stake in shares of SoundThinking during the 2nd quarter valued at $3,240,000. Quantinno Capital Management LP lifted its stake in shares of SoundThinking by 264.8% in the 1st quarter. Quantinno Capital Management LP now owns 236,581 shares of the company’s stock valued at $1,566,000 after purchasing an additional 171,733 shares during the period. Wasatch Advisors LP lifted its stake in shares of SoundThinking by 42.9% in the 2nd quarter. Wasatch Advisors LP now owns 534,237 shares of the company’s stock valued at $6,974,000 after purchasing an additional 160,451 shares during the period. Finally, Kopion Asset Management LLC boosted its position in shares of SoundThinking by 14.6% in the 2nd quarter. Kopion Asset Management LLC now owns 1,114,648 shares of the company’s stock worth $10,088,000 after purchasing an additional 142,346 shares during the last quarter. 60.74% of the stock is owned by institutional investors.

SoundThinking Stock Up 2.1%

Shares of NASDAQ:SSTI opened at $7.92 on Friday. The firm has a market cap of $102.56 million, a P/E ratio of -6.83 and a beta of 1.16. SoundThinking has a 12 month low of $5.78 and a 12 month high of $13.34. The company’s 50-day moving average price is $8.20 and its two-hundred day moving average price is $7.37.

SoundThinking (NASDAQ:SSTI) last announced its earnings results on Thursday, May 14th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.30). SoundThinking had a negative return on equity of 20.76% and a negative net margin of 14.95%.The company had revenue of $24.18 million during the quarter, compared to the consensus estimate of $24.27 million. As a group, equities analysts predict that SoundThinking will post -0.69 earnings per share for the current fiscal year.

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. It offers ShotSpotter, an acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; and ResourceRouter, a software that directs patrol and community anti-violence resources to help maximize their impact.