SoundThinking (NASDAQ:SSTI) Announces 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) issued its quarterly earnings data on Tuesday. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.15), Zacks reports. SoundThinking had a negative net margin of 7.39% and a negative return on equity of 10.77%. The company had revenue of $25.89 million for the quarter, compared to the consensus estimate of $26.61 million. SoundThinking updated its FY 2025 guidance to EPS.

SoundThinking Trading Up 0.1%

SSTI opened at $11.18 on Wednesday. SoundThinking has a 1-year low of $9.33 and a 1-year high of $19.43. The stock has a market capitalization of $141.65 million, a PE ratio of -18.33 and a beta of 1.26. The firm has a 50-day moving average price of $13.65 and a two-hundred day moving average price of $14.85.

Insider Activity

In related news, insider Nasim Golzadeh sold 1,809 shares of the firm's 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 $1,455,311.64. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 3,474 shares of company stock worth $53,205 in the last quarter. 10.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SoundThinking stock. Strs Ohio bought a new position in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,500 shares of the company's stock, valued at approximately $127,000. Strs Ohio owned about 0.06% of SoundThinking as of its most recent SEC filing. Institutional investors and hedge funds own 60.74% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SSTI. Roth Mkm reissued a "buy" rating and set a $30.00 price target on shares of SoundThinking in a report on Wednesday, May 14th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $20.00 target price on shares of SoundThinking in a research note on Wednesday, May 14th. Finally, Lake Street Capital increased their price target on SoundThinking from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $21.00.

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.