SoundThinking FY2024 EPS Estimate Boosted by Roth Capital

SoundThinking, Inc. (NASDAQ:SSTI - Free Report) - Equities research analysts at Roth Capital raised their FY2024 earnings per share (EPS) estimates for shares of SoundThinking in a report released on Wednesday, November 13th. Roth Capital analyst R. Baldry now expects that the company will post earnings of ($0.45) per share for the year, up from their previous forecast of ($0.48). The consensus estimate for SoundThinking's current full-year earnings is ($0.38) per share. Roth Capital also issued estimates for SoundThinking's Q4 2024 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.46) EPS.

Other analysts also recently issued reports about the company. Craig Hallum dropped their price objective on SoundThinking from $17.50 to $16.00 and set a "hold" rating for the company in a report on Wednesday. Cantor Fitzgerald restated an "overweight" rating and set a $20.00 price objective on shares of SoundThinking in a report on Friday, September 6th. Finally, JMP Securities dropped their price objective on SoundThinking from $25.00 to $19.00 and set a "market outperform" rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, SoundThinking presently has a consensus rating of "Moderate Buy" and an average price target of $21.20.

SoundThinking Price Performance

SSTI traded down $0.09 during trading on Friday, hitting $11.43. The company's stock had a trading volume of 60,736 shares, compared to its average volume of 61,070. The firm's 50 day moving average price is $11.70 and its 200-day moving average price is $13.17. The stock has a market cap of $146.08 million, a PE ratio of -95.24 and a beta of 1.17. SoundThinking has a twelve month low of $9.33 and a twelve month high of $26.92.

Insider Activity at SoundThinking

In other SoundThinking news, CEO Ralph A. Clark sold 6,479 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $13.64, for a total value of $88,373.56. Following the completion of the transaction, the chief executive officer now directly owns 529,894 shares of the company's stock, valued at $7,227,754.16. This represents a 1.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 14,327 shares of company stock worth $199,955. Corporate insiders own 9.20% of the company's stock.

Hedge Funds Weigh In On SoundThinking

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in SoundThinking by 145.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company's stock valued at $102,000 after buying an additional 5,236 shares during the last quarter. Rhumbline Advisers lifted its position in shares of SoundThinking by 5.4% during the second quarter. Rhumbline Advisers now owns 13,973 shares of the company's stock worth $170,000 after purchasing an additional 716 shares during the last quarter. Ibex Investors LLC bought a new position in shares of SoundThinking during the second quarter worth about $171,000. Cim LLC lifted its position in shares of SoundThinking by 18.5% during the second quarter. Cim LLC now owns 19,828 shares of the company's stock worth $266,000 after purchasing an additional 3,094 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of SoundThinking during the second quarter worth about $298,000. 60.74% of the stock is 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.