SoundThinking (SSTI) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SoundThinking in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SSTI shares.
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6 Wall Street research analysts have issued 12-month price objectives for SoundThinking's stock. Their SSTI share price forecasts range from $22.00 to $50.00. On average, they expect the company's stock price to reach $38.88 in the next twelve months. This suggests a possible upside of 113.4% from the stock's current price.
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SoundThinking's stock was trading at $33.83 at the beginning of 2023. Since then, SSTI shares have decreased by 46.1% and is now trading at $18.22.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our SSTI earnings forecast.

SoundThinking, Inc. (NASDAQ:SSTI) announced its quarterly earnings results on Tuesday, August, 8th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.01 by $0.29. The firm earned $22.08 million during the quarter, compared to the consensus estimate of $22.35 million. SoundThinking had a negative net margin of 1.82% and a negative trailing twelve-month return on equity of 13.49%.

SoundThinking issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $92.00 million-$94.00 million, compared to the consensus revenue estimate of $92.57 million.

10 employees have rated SoundThinking Chief Executive Officer Ralph Clark on Glassdoor.com. Ralph Clark has an approval rating of 100% among the company's employees. This puts Ralph Clark in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other SoundThinking investors own include Cronos Group (CRON), Alibaba Group (BABA), NVIDIA (NVDA), Block (SQ), Okta (OKTA), QUALCOMM (QCOM), Alteryx (AYX), iQIYI (IQ), PayPal (PYPL) and Twilio (TWLO).

(SSTI) raised $31 million in an initial public offering on Wednesday, June 7th 2017. The company issued 2,800,000 shares at a price of $10.00-$12.00 per share. Roth Capital Partners and Northland Capital Markets served as the underwriters for the IPO and Imperial Capital was co-manager.

SoundThinking trades on the NASDAQ under the ticker symbol "SSTI."

SoundThinking's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Granahan Investment Management LLC (5.47%), BlackRock Inc. (5.12%), Bares Capital Management Inc. (4.85%), EVR Research LP (4.58%), Geode Capital Management LLC (1.49%) and State Street Corp (1.48%). Insiders that own company stock include Alan R Stewart, Gary T Bunyard, Joseph O Hawkins, Joseph O Hawkins, Merline Saintil, Nasim Golzadeh, Pascal Levensohn, Paul S Ames, Ralph A Clark, Randall Hawks, Regan Davis, Robert Samuel Klepper and Thomas T Groos.
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Shares of SSTI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SSTI stock can currently be purchased for approximately $18.22.

SoundThinking (NASDAQ:SSTI) has a market capitalization of $222.83 million and generates $81 million in revenue each year. The company earns $6.39 million in net income (profit) each year or ($0.13) on an earnings per share basis.

The company employs 213 workers across the globe.

SoundThinking's mailing address is 7979 GATEWAY BLVD. STE. 210, NEWARK CA, 94560. The official website for the company is www.shotspotter.com. The company can be reached via phone at (510) 794-3100, via email at matt@liolios.com, or via fax at 650-887-2106.