SoundThinking (NASDAQ:SSTI) Stock Rating Upgraded by Wall Street Zen

SoundThinking (NASDAQ:SSTI) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Sunday.

Several other equities analysts have also weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of SoundThinking in a research note on Friday, March 27th. Zacks Research lowered SoundThinking from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.00.

SoundThinking Stock Up 3.9%

Shares of SoundThinking stock opened at $7.51 on Friday. SoundThinking has a twelve month low of $5.78 and a twelve month high of $16.92. The business has a 50-day moving average price of $6.71 and a 200 day moving average price of $7.13. The firm has a market cap of $97.25 million, a PE ratio of -6.47 and a beta of 1.17.

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

Institutional Investors Weigh In On SoundThinking

Several large investors have recently bought and sold shares of SSTI. Strs Ohio purchased a new stake in SoundThinking during the 1st quarter worth approximately $127,000. Rhumbline Advisers increased its stake in SoundThinking by 6.5% during the 2nd quarter. Rhumbline Advisers now owns 15,960 shares of the company’s stock worth $208,000 after buying an additional 980 shares in the last quarter. Marshall Wace LLP purchased a new stake in SoundThinking during the 2nd quarter worth approximately $245,000. Manatuck Hill Partners LLC purchased a new stake in SoundThinking during the 2nd quarter worth approximately $402,000. Finally, Man Group plc increased its stake in SoundThinking by 13.7% during the 2nd quarter. Man Group plc now owns 38,166 shares of the company’s stock worth $498,000 after buying an additional 4,588 shares in the last quarter. 60.74% of the stock is currently 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. 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.