SoundThinking, Inc. Expected to Earn FY2024 Earnings of ($0.28) Per Share (NASDAQ:SSTI)

SoundThinking, Inc. (NASDAQ:SSTI - Free Report) - Stock analysts at Cantor Fitzgerald issued their FY2024 earnings per share (EPS) estimates for shares of SoundThinking in a note issued to investors on Wednesday, May 15th. Cantor Fitzgerald analyst Y. Lee anticipates that the company will post earnings of ($0.28) per share for the year. 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 ($0.19) per share.

SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.15). SoundThinking had a negative return on equity of 13.06% and a negative net margin of 3.94%. The firm had revenue of $25.41 million for the quarter, compared to analyst estimates of $25.48 million. During the same period in the previous year, the business earned ($0.15) EPS.

Other equities research analysts have also recently issued reports about the stock. William Blair cut shares of SoundThinking from an "outperform" rating to a "market perform" rating in a research note on Friday. Craig Hallum dropped their target price on shares of SoundThinking from $22.00 to $19.00 and set a "hold" rating for the company in a research report on Wednesday. Finally, Roth Mkm reissued a "buy" rating and issued a $30.00 price objective on shares of SoundThinking in a report on Wednesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $23.00.

SoundThinking Stock Up 0.5 %

SSTI stock traded up $0.07 during trading on Friday, hitting $14.35. The company had a trading volume of 53,855 shares, compared to its average volume of 57,679. The firm has a market cap of $183.54 million, a PE ratio of -44.63 and a beta of 1.18. The firm has a 50-day moving average price of $14.70 and a 200-day moving average price of $19.03. SoundThinking has a 1-year low of $12.98 and a 1-year high of $27.75.

Insiders Place Their Bets

In other SoundThinking news, CEO Ralph A. Clark sold 2,034 shares of SoundThinking stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $16.42, for a total value of $33,398.28. Following the transaction, the chief executive officer now owns 543,857 shares in the company, valued at $8,930,131.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 3,296 shares of company stock valued at $54,459. 7.70% of the stock is currently owned by corporate insiders.

Institutional Trading of SoundThinking

Hedge funds have recently bought and sold shares of the business. Kopion Asset Management LLC bought a new position in shares of SoundThinking during the 4th quarter worth approximately $3,202,000. Kennedy Capital Management LLC purchased a new stake in shares of SoundThinking during the third quarter worth $1,898,000. Mainsail Management Company LLC purchased a new stake in SoundThinking in the 3rd quarter worth approximately $1,646,000. Bares Capital Management Inc. increased its holdings in shares of SoundThinking by 12.6% in the third quarter. Bares Capital Management Inc. now owns 667,508 shares of the company's stock worth $11,948,000 after purchasing an additional 74,521 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of SoundThinking in the 1st quarter worth $923,000. Institutional investors and hedge funds own 60.74% 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.