FY2024 EPS Estimates for SoundThinking Cut by William Blair

SoundThinking, Inc. (NASDAQ:SSTI - Free Report) - Equities research analysts at William Blair reduced their FY2024 earnings per share (EPS) estimates for shares of SoundThinking in a report issued on Wednesday, November 13th. William Blair analyst L. Dipalma now forecasts that the company will earn ($0.41) per share for the year, down from their prior forecast of ($0.36). The consensus estimate for SoundThinking's current full-year earnings is ($0.39) per share.

SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The company had revenue of $26.25 million for the quarter, compared to the consensus estimate of $26.20 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. During the same period in the previous year, the business posted ($0.09) EPS.

SSTI has been the subject of a number of other reports. Craig Hallum reduced their price objective on shares of SoundThinking from $17.50 to $16.00 and set a "hold" rating for the company in a research note on Wednesday, November 13th. Cantor Fitzgerald upgraded SoundThinking to a "strong-buy" rating in a research report on Thursday. Finally, JMP Securities reduced their price objective on shares of SoundThinking from $25.00 to $19.00 and set a "market outperform" rating on the stock in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $21.20.

SoundThinking Price Performance

Shares of NASDAQ SSTI traded up $0.29 during midday trading on Monday, reaching $11.72. 46,916 shares of the company traded hands, compared to its average volume of 61,007. The stock has a 50-day moving average price of $11.69 and a 200 day moving average price of $13.15. The company has a market cap of $147.54 million, a price-to-earnings ratio of -97.67 and a beta of 1.17. SoundThinking has a 52 week low of $9.33 and a 52 week high of $26.92.

Insider Buying and Selling

In related news, CEO Ralph A. Clark sold 5,591 shares of the business's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $14.36, for a total transaction of $80,286.76. Following the sale, the chief executive officer now owns 536,373 shares of the company's stock, valued at $7,702,316.28. The trade was a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 13,332 shares of company stock worth $185,826 over the last ninety days. 9.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SoundThinking

A number of institutional investors have recently bought and sold shares of the stock. Disciplined Growth Investors Inc. MN purchased a new stake in shares of SoundThinking in the third quarter worth about $5,354,000. Barclays PLC lifted its holdings in shares of SoundThinking by 245.5% in the 3rd quarter. Barclays PLC now owns 24,755 shares of the company's stock worth $286,000 after buying an additional 17,591 shares during the period. State Street Corp boosted its stake in shares of SoundThinking by 4.3% during 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 in the last quarter. Walleye Capital LLC raised its position in shares of SoundThinking by 61.9% in the 3rd quarter. Walleye Capital LLC now owns 51,932 shares of the company's stock worth $602,000 after acquiring an additional 19,861 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of SoundThinking by 145.2% during the third 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. 60.74% of the stock is owned by institutional investors.

SoundThinking Company Profile

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.