Short Interest in SoundThinking, Inc. (NASDAQ:SSTI) Rises By 13.4%
SoundThinking, Inc. (NASDAQ:SSTI – Get Free Report) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 212,000 shares, a growth of 13.4% from the November 15th total of 187,000 shares. Based on an average daily volume of 36,200 shares, the short-interest ratio is currently 5.9 days. Approximately 2.3% of the shares of the company are sold short.
Analysts Set New Price Targets
Several research firms recently issued reports on SSTI. Cantor Fitzgerald reissued an “overweight” rating and set a $30.00 price target on shares of SoundThinking in a report on Wednesday, November 8th. Roth Mkm reissued a “buy” rating and set a $50.00 price target on shares of SoundThinking in a report on Wednesday, August 23rd. Finally, TheStreet cut shares of SoundThinking from a “c-” rating to a “d” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, SoundThinking presently has a consensus rating of “Moderate Buy” and an average price target of $37.86.
Read Our Latest Analysis on SSTI
SoundThinking Trading Up 0.4 %
Shares of SSTI stock traded up $0.09 during trading hours on Friday, hitting $25.59. The company’s stock had a trading volume of 123,140 shares, compared to its average volume of 52,542. The stock has a market cap of $325.50 million, a price-to-earnings ratio of -41.95 and a beta of 1.46. The business has a fifty day moving average of $19.88 and a 200-day moving average of $20.91. SoundThinking has a twelve month low of $14.39 and a twelve month high of $39.46.
SoundThinking (NASDAQ:SSTI – Get Free Report) last announced its quarterly earnings data on Tuesday, November 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.05). The firm had revenue of $23.98 million for the quarter, compared to analysts’ expectations of $23.82 million. SoundThinking had a negative net margin of 8.45% and a negative return on equity of 12.57%. On average, equities analysts expect that SoundThinking will post -0.48 EPS for the current fiscal year.
Hedge Funds Weigh In On SoundThinking
A number of large investors have recently bought and sold shares of SSTI. Captrust Financial Advisors purchased a new position in SoundThinking during the second quarter worth approximately $25,000. Harbor Capital Advisors Inc. purchased a new position in shares of SoundThinking in the 2nd quarter valued at $27,000. BNP Paribas Arbitrage SA raised its stake in shares of SoundThinking by 92.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,937 shares of the company’s stock valued at $52,000 after acquiring an additional 932 shares during the period. Citigroup Inc. raised its stake in shares of SoundThinking by 1,154.5% in the 2nd quarter. Citigroup Inc. now owns 2,898 shares of the company’s stock valued at $63,000 after acquiring an additional 2,667 shares during the period. Finally, UBS Group AG raised its stake in shares of SoundThinking by 22.2% in the 3rd quarter. UBS Group AG now owns 2,751 shares of the company’s stock valued at $79,000 after acquiring an additional 499 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.
About SoundThinking (Get Free Report)
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.
Further Reading
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Original: MarketBeat News Feed: Short Interest in SoundThinking, Inc. (NASDAQ:SSTI) Rises By 13.4%