SoundThinking’s (SSTI) Overweight Rating Reiterated at Cantor Fitzgerald

SoundThinking (NASDAQ:SSTI)‘s stock had its “overweight” rating reissued by investment analysts at Cantor Fitzgerald in a research report issued on Wednesday,Benzinga reports. They presently have a $20.00 price target on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 34.77% from the stock’s current price.

Separately, Craig Hallum upgraded shares of SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

SoundThinking Stock Performance

Shares of SSTI stock opened at $14.84 on Wednesday. SoundThinking has a 52 week low of $9.33 and a 52 week high of $19.43. The company’s 50 day moving average price is $16.20 and its two-hundred day moving average price is $14.19. The company has a market capitalization of $187.96 million, a P/E ratio of -123.66 and a beta of 1.21.

SoundThinking (NASDAQ:SSTI) last announced its earnings results on Tuesday, May 13th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. The business had revenue of $28.35 million for the quarter, compared to analyst estimates of $26.91 million. Analysts forecast that SoundThinking will post -0.42 earnings per share for the current year.

Institutional Investors Weigh In On SoundThinking

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC grew its stake in shares of SoundThinking by 9.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 23,068 shares of the company’s stock worth $391,000 after acquiring an additional 2,033 shares in the last quarter. Caption Management LLC bought a new position in shares of SoundThinking during the first quarter valued at about $264,000. Trexquant Investment LP boosted its holdings in SoundThinking by 25.9% during the first quarter. Trexquant Investment LP now owns 71,014 shares of the company’s stock worth $1,204,000 after purchasing an additional 14,592 shares during the last quarter. MetLife Investment Management LLC purchased a new position in SoundThinking during the first quarter worth about $98,000. Finally, Samjo Management LLC bought a new stake in SoundThinking in the 1st quarter worth about $1,085,000. Institutional investors and hedge funds own 60.74% of the company’s stock.

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.