Analysts Issue Forecasts for SoundThinking FY2025 Earnings

SoundThinking, Inc. (NASDAQ:SSTI) – Research analysts at Cantor Fitzgerald upped their FY2025 earnings per share estimates for SoundThinking in a research report issued to clients and investors on Wednesday, May 14th. Cantor Fitzgerald analyst J. Ruykhaver now anticipates that the company will post earnings per share of ($0.41) for the year, up from their previous forecast of ($0.43). Cantor Fitzgerald currently has a “Overweight” rating and a $20.00 target price on the stock. The consensus estimate for SoundThinking’s current full-year earnings is ($0.42) per share.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. The company had revenue of $28.35 million during the quarter, compared to the consensus estimate of $26.91 million.

SSTI has been the topic of several other research reports. Lake Street Capital lifted their target price on SoundThinking from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday. Craig Hallum raised SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Roth Mkm reissued a “buy” rating and set a $30.00 target price on shares of SoundThinking in a research note on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, SoundThinking presently has an average rating of “Buy” and a consensus target price of $21.00.

SoundThinking Trading Up 4.5%

Shares of SSTI opened at $15.51 on Friday. The business’s 50 day moving average is $16.20 and its 200 day moving average is $14.24. The company has a market capitalization of $196.45 million, a PE ratio of -129.24 and a beta of 1.21. SoundThinking has a 12-month low of $9.33 and a 12-month high of $19.43.

Hedge Funds Weigh In On SoundThinking

Several institutional investors have recently added to or reduced their stakes in SSTI. Samjo Management LLC purchased a new position in SoundThinking during the 1st quarter valued at approximately $1,085,000. Pullen Investment Management LLC grew its holdings in SoundThinking by 61.1% during the 4th quarter. Pullen Investment Management LLC now owns 142,040 shares of the company’s stock valued at $1,855,000 after buying an additional 53,888 shares in the last quarter. Mackenzie Financial Corp grew its holdings in SoundThinking by 120.1% during the 1st quarter. Mackenzie Financial Corp now owns 94,362 shares of the company’s stock valued at $1,599,000 after buying an additional 51,498 shares in the last quarter. Informed Momentum Co LLC purchased a new position in SoundThinking during the 1st quarter valued at approximately $732,000. Finally, Wells Fargo & Company MN grew its holdings in SoundThinking by 681.6% during the 4th quarter. Wells Fargo & Company MN now owns 45,468 shares of the company’s stock valued at $594,000 after buying an additional 39,651 shares in the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.

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.