SoundThinking (NASDAQ:SSTI) Issues Quarterly Earnings Results

Key Points

• SoundThinking reported a quarterly earnings loss of ($0.24) EPS, falling short of analysts' expectations by $0.16.
• The company's stock increased by 0.1% during trading, reaching $11.18, with a market cap of $141.65 million.
• Multiple research firms have raised their price targets on SoundThinking, with an average target of $21.00 and a consensus rating of "Buy" among analysts.

SoundThinking (NASDAQ:SSTI - Get Free Report) announced its earnings results on Tuesday. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.15), Zacks reports. SoundThinking had a negative return on equity of 13.76% and a negative net margin of 9.74%. The business had revenue of $25.89 million during the quarter, compared to analyst estimates of $26.61 million. SoundThinking updated its FY 2025 guidance to EPS.

SoundThinking Stock Performance

SSTI stock traded up $0.24 during trading on Friday, reaching $12.76. The company had a trading volume of 88,367 shares, compared to its average volume of 63,278. The firm has a 50-day simple moving average of $13.45 and a 200-day simple moving average of $14.84. The company has a market cap of $163.20 million, a price-to-earnings ratio of -16.15 and a beta of 1.26. SoundThinking has a twelve month low of $9.33 and a twelve month high of $19.43.

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 transaction of $27,967.14. Following the completion of the sale, the insider directly owned 94,134 shares in the company, valued at approximately $1,455,311.64. The trade was a 1.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 3,474 shares of company stock worth $53,205. Insiders own 10.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SSTI. Wasatch Advisors LP lifted its position in SoundThinking by 42.9% in the second quarter. Wasatch Advisors LP now owns 534,237 shares of the company's stock valued at $6,974,000 after buying an additional 160,451 shares during the last quarter. Manatuck Hill Partners LLC purchased a new position in SoundThinking in the second quarter valued at approximately $402,000. Corient Private Wealth LLC acquired a new stake in shares of SoundThinking in the second quarter valued at approximately $263,000. Marshall Wace LLP acquired a new stake in shares of SoundThinking in the second quarter valued at approximately $245,000. Finally, Strs Ohio acquired a new stake in shares of SoundThinking during the first quarter worth $127,000. Institutional investors and hedge funds own 60.74% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SSTI. Roth Mkm reaffirmed a "buy" rating and set a $30.00 target price on shares of SoundThinking in a report on Wednesday, May 14th. Cantor Fitzgerald reissued an "overweight" rating and issued a $20.00 price target on shares of SoundThinking in a report on Wednesday, May 14th. Wall Street Zen cut shares of SoundThinking from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Lake Street Capital lowered their price target on shares of SoundThinking from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat.com, SoundThinking presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.80.

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.