FY2025 EPS Estimates for SoundThinking Lowered by Analyst

SoundThinking, Inc. (NASDAQ:SSTI - Free Report) - Cantor Fitzgerald dropped their FY2025 earnings per share (EPS) estimates for shares of SoundThinking in a note issued to investors on Wednesday, February 26th. Cantor Fitzgerald analyst J. Ruykhaver now expects that the company will post earnings per share of ($0.43) for the year, down from their prior forecast of ($0.14). Cantor Fitzgerald currently has a "Overweight" rating and a $20.00 target price on the stock. The consensus estimate for SoundThinking's current full-year earnings is ($0.42) per share.

Other equities research analysts have also recently issued reports about the stock. JMP Securities decreased their price objective on shares of SoundThinking from $25.00 to $19.00 and set a "market outperform" rating for the company in a research report on Wednesday, November 13th. Craig Hallum raised SoundThinking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, SoundThinking currently has an average rating of "Moderate Buy" and a consensus target price of $21.20.

SoundThinking Stock Performance

Shares of NASDAQ SSTI traded down $0.15 during trading on Friday, reaching $15.61. The stock had a trading volume of 50,579 shares, compared to its average volume of 52,334. The company has a market cap of $196.51 million, a P/E ratio of -130.07 and a beta of 1.18. The business's 50-day moving average price is $13.62 and its 200-day moving average price is $12.86. SoundThinking has a fifty-two week low of $9.33 and a fifty-two week high of $17.19.

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SoundThinking (NASDAQ:SSTI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.30). SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. The business had revenue of $23.41 million during the quarter, compared to analysts' expectations of $26.65 million.

Insider Buying and Selling

In other news, CEO Ralph A. Clark sold 5,933 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $11.61, for a total transaction of $68,882.13. Following the transaction, the chief executive officer now directly owns 520,774 shares in the company, valued at $6,046,186.14. This represents a 1.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Alan R. Stewart sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total transaction of $209,250.00. Following the completion of the sale, the chief financial officer now owns 138,851 shares of the company's stock, valued at approximately $1,936,971.45. The trade was a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On SoundThinking

A number of hedge funds have recently made changes to their positions in the stock. Rice Hall James & Associates LLC grew its position in SoundThinking by 56.6% during the third quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company's stock valued at $4,197,000 after acquiring an additional 130,913 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of SoundThinking by 42.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,790 shares of the company's stock valued at $635,000 after acquiring an additional 16,336 shares in the last quarter. BNP Paribas Financial Markets boosted its position in SoundThinking by 145.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company's stock worth $102,000 after purchasing an additional 5,236 shares during the period. Walleye Capital LLC increased its holdings in SoundThinking by 61.9% in the 3rd quarter. Walleye Capital LLC now owns 51,932 shares of the company's stock valued at $602,000 after purchasing an additional 19,861 shares in the last quarter. Finally, State Street Corp raised its position in SoundThinking by 4.3% in the third quarter. State Street Corp now owns 197,024 shares of the company's stock valued at $2,284,000 after purchasing an additional 8,078 shares during the period. 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.