FY2024 EPS Estimates for SoundThinking Reduced by Analyst

SoundThinking, Inc. (NASDAQ:SSTI) – Analysts at William Blair cut their FY2024 earnings per share estimates for shares of SoundThinking in a research note issued on Wednesday, November 13th. William Blair analyst L. Dipalma now anticipates that the company will earn ($0.41) per share for the year, down from their previous estimate of ($0.36). The consensus estimate for SoundThinking’s current full-year earnings is ($0.39) per share.

SoundThinking (NASDAQ:SSTI) last announced its earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.03). SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. The firm had revenue of $26.25 million during the quarter, compared to the consensus estimate of $26.20 million. During the same period in the prior year, the company posted ($0.09) EPS.

SSTI has been the subject of a number of other research reports. JMP Securities reduced their price objective on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 13th. Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a research report on Thursday, November 14th. Finally, Craig Hallum reduced their price objective on SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, SoundThinking has a consensus rating of “Moderate Buy” and a consensus price target of $21.20.

SoundThinking Stock Up 2.5 %

SSTI stock opened at $11.72 on Monday. SoundThinking has a twelve month low of $9.33 and a twelve month high of $26.92. The firm has a market cap of $147.54 million, a PE ratio of -97.67 and a beta of 1.17. The business has a 50 day moving average of $11.69 and a 200 day moving average of $13.15.

Insider Buying and Selling at SoundThinking

In other SoundThinking news, CEO Ralph A. Clark sold 5,591 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $14.36, for a total transaction of $80,286.76. Following the sale, the chief executive officer now directly owns 536,373 shares in the company, valued at approximately $7,702,316.28. This trade represents a 1.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 13,332 shares of company stock worth $185,826. Insiders own 9.20% of the company’s stock.

Institutional Trading of SoundThinking

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of SoundThinking by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 504,435 shares of the company’s stock worth $8,010,000 after buying an additional 32,452 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of SoundThinking in the 1st quarter worth $923,000. Bares Capital Management Inc. boosted its stake in shares of SoundThinking by 4.9% in the 1st quarter. Bares Capital Management Inc. now owns 775,400 shares of the company’s stock worth $12,313,000 after buying an additional 36,187 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of SoundThinking by 9.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company’s stock worth $482,000 after buying an additional 3,268 shares during the last quarter. Finally, Pullen Investment Management LLC purchased a new position in shares of SoundThinking in the 2nd quarter worth $632,000. 60.74% of the stock is currently owned by hedge funds and other institutional investors.

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.