Cantor Fitzgerald Comments on SoundThinking FY2025 Earnings

Key Points

• Cantor Fitzgerald has lowered its FY2025 earnings per share (EPS) estimate for SoundThinking from ($0.41) to ($0.63), while maintaining an "Overweight" rating and a price target of $20.00.
• SoundThinking's shares increased by 2.4% to $12.82, buttressed by the consensus rating of "Buy" among analysts and a target price of $20.80.
• The company reported a loss of ($0.24) EPS for the latest quarter, missing expectations, with revenues of $25.89 million falling short of forecasts.

SoundThinking, Inc. (NASDAQ:SSTI - Free Report) - Investment analysts at Cantor Fitzgerald decreased their FY2025 EPS estimates for SoundThinking in a research note issued to investors on Wednesday, August 13th. Cantor Fitzgerald analyst J. Ruykhaver now expects that the company will post earnings per share of ($0.63) for the year, down from their previous estimate of ($0.41). 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. Cantor Fitzgerald also issued estimates for SoundThinking's FY2026 earnings at ($0.25) EPS.

SoundThinking (NASDAQ:SSTI - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.15). SoundThinking had a negative net margin of 9.74% and a negative return on equity of 13.76%. The business had revenue of $25.89 million for the quarter, compared to analysts' expectations of $26.61 million. SoundThinking has set its FY 2025 guidance at EPS.

SSTI has been the subject of a number of other reports. Roth Mkm restated a "buy" rating and issued a $30.00 price objective on shares of SoundThinking in a report on Wednesday, May 14th. Lake Street Capital decreased their price objective on shares of SoundThinking from $20.00 to $19.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Finally, Wall Street Zen lowered shares of SoundThinking from a "hold" rating to a "sell" rating in a report on Saturday. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, SoundThinking currently has an average rating of "Buy" and a consensus target price of $20.80.

SoundThinking Price Performance

NASDAQ SSTI traded down $0.30 during mid-day trading on Friday, reaching $12.35. The stock had a trading volume of 91,751 shares, compared to its average volume of 58,524. SoundThinking has a 1 year low of $9.33 and a 1 year high of $19.43. The stock has a market cap of $157.96 million, a PE ratio of -15.63 and a beta of 1.26. The company has a fifty day moving average price of $13.30 and a 200 day moving average price of $14.82.

Institutional Investors Weigh In On SoundThinking

Hedge funds have recently modified their holdings of the business. State of Wyoming bought a new stake in shares of SoundThinking during the 2nd quarter valued at $33,000. MetLife Investment Management LLC bought a new stake in shares of SoundThinking during the 1st quarter valued at $98,000. Strs Ohio bought a new stake in shares of SoundThinking during the 1st quarter valued at $127,000. R Squared Ltd bought a new stake in shares of SoundThinking during the 2nd quarter valued at $156,000. Finally, GAMMA Investing LLC grew its position in shares of SoundThinking by 6,553.7% during the 1st quarter. GAMMA Investing LLC now owns 13,374 shares of the company's stock valued at $227,000 after acquiring an additional 13,173 shares during the period. Institutional investors own 60.74% of the company's stock.

Insider Buying and Selling

In other SoundThinking news, insider Nasim Golzadeh sold 1,809 shares of SoundThinking stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $15.46, for a total value of $27,967.14. Following the completion of the sale, the insider owned 94,134 shares of the company's stock, valued at approximately $1,455,311.64. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 3,037 shares of company stock valued at $46,650. Insiders own 10.40% of the company's stock.

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.