SoundThinking (NASDAQ:SSTI) Earns "Market Perform" Rating from Citizens Jmp

Key Points

• Citizens JMP reiterated its “Market Perform” rating on SoundThinking, while the broader analyst consensus remains “Hold” with a $11.00 price target. Lake Street Capital also downgraded the stock from “Buy” to “Hold” with an $8.00 target.
• SoundThinking’s latest quarter missed expectations, reporting a $0.37 loss per share versus the anticipated $0.25 loss and revenue of $23.89 million versus the $25.77 million estimate.
• Management cut its 2026 outlook, lowering revenue guidance to $99 million-$100 million from $109 million-$111 million and adjusted EBITDA margin guidance to 8%-9% from 16%-18%.

SoundThinking (NASDAQ:SSTI - Get Free Report)'s stock had its "market perform" rating reiterated by equities research analysts at Citizens Jmp in a research report issued on Friday, MarketBeat reports.

Several other analysts have also weighed in on SSTI. Weiss Ratings lowered shares of SoundThinking from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday, July 30th. Cantor Fitzgerald dropped their price target on shares of SoundThinking from $10.00 to $8.00 and set a "neutral" rating for the company in a research report on Friday. Zacks Research upgraded shares of SoundThinking from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Wall Street Zen raised SoundThinking from a "strong sell" rating to a "sell" rating in a report on Sunday, May 31st. Finally, Lake Street Capital lowered SoundThinking from a "buy" rating to a "hold" rating and set a $8.00 price objective on the stock. in a research note on Friday. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.00.

SoundThinking Trading Up 1.5%

Shares of NASDAQ SSTI opened at $8.27 on Friday. The firm has a market capitalization of $107.10 million, a price-to-earnings ratio of -7.13 and a beta of 1.16. SoundThinking has a one year low of $5.78 and a one year high of $13.34. The business has a fifty day simple moving average of $8.24 and a 200 day simple moving average of $7.39.

SoundThinking (NASDAQ:SSTI - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.12). The business had revenue of $23.89 million for the quarter, compared to analyst estimates of $25.77 million. SoundThinking had a negative return on equity of 20.76% and a negative net margin of 14.95%. On average, research analysts anticipate that SoundThinking will post -0.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SoundThinking

A number of hedge funds and other institutional investors have recently bought and sold shares of SSTI. Royal Bank of Canada increased its stake in shares of SoundThinking by 88.6% in the first quarter. Royal Bank of Canada now owns 4,173 shares of the company's stock valued at $28,000 after buying an additional 1,960 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in SoundThinking by 160.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company's stock worth $33,000 after acquiring an additional 1,688 shares during the last quarter. State of Wyoming acquired a new stake in SoundThinking in the 2nd quarter valued at about $33,000. Versant Capital Management Inc increased its position in SoundThinking by 31.7% in the 2nd quarter. Versant Capital Management Inc now owns 9,305 shares of the company's stock valued at $84,000 after acquiring an additional 2,239 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of SoundThinking by 78.1% in the fourth quarter. Wells Fargo & Company MN now owns 10,448 shares of the company's stock worth $84,000 after acquiring an additional 4,580 shares during the last quarter. 60.74% of the stock is owned by institutional investors and hedge funds.

SoundThinking News Roundup

Here are the key news stories impacting SoundThinking this week:

• Positive Sentiment: Management outlined a 2026 revenue target of $99 million to $100 million and an adjusted EBITDA margin target of 8% to 9%. The plan provides investors with a path toward positive adjusted profitability, although both targets were reduced from prior expectations. SoundThinking outlines 2026 revenue plan
• Neutral Sentiment: The company’s second-quarter earnings call provided additional detail on operating performance and management’s outlook, including efforts to grow recurring revenue and improve profitability. SoundThinking Q2 2026 earnings call transcript
• Negative Sentiment: SoundThinking reported a second-quarter loss of $0.37 per share, wider than the consensus loss estimate of $0.25-$0.27 and the $0.24 loss reported a year earlier. Revenue was $23.89 million, below analysts’ $25.77 million estimate, indicating weaker-than-expected execution. SoundThinking Q2 results
• Negative Sentiment: The company cut 2026 revenue guidance to $99 million-$100 million from $109 million-$111 million and reduced adjusted EBITDA margin guidance to 8%-9% from 16%-18%. Its expected increase in annual recurring revenue was also lowered to more than $100 million by the beginning of 2027 from a previous $110 million target. SoundThinking second-quarter financial results
• Negative Sentiment: Lake Street Capital downgraded SSTI from “buy” to “hold” and set an $8.00 price target, implying approximately 3.3% downside from the referenced $8.27 price. The downgrade adds to investor concerns following the earnings miss and guidance reductions. Finviz analyst rating information

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. It offers ShotSpotter, an acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; and ResourceRouter, a software that directs patrol and community anti-violence resources to help maximize their impact.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source