SoundThinking (NASDAQ:SSTI) Lowered to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of SoundThinking (NASDAQ:SSTI) from a sell rating to a strong sell rating in a report published on Saturday morning.

Several other research analysts also recently commented on SSTI. Northland Securities set a $10.00 target price on SoundThinking in a research note on Friday. Roth Capital set a $13.00 price target on shares of SoundThinking in a report on Friday. Lake Street Capital downgraded shares of SoundThinking from a “buy” rating to a “hold” rating and set a $8.00 price target on the stock. in a report on Friday. Zacks Research raised shares of SoundThinking from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings lowered shares of SoundThinking from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, SoundThinking presently has an average rating of “Hold” and a consensus price target of $10.83.

SoundThinking Trading Down 25.0%

SSTI opened at $6.20 on Friday. SoundThinking has a 12 month low of $5.78 and a 12 month high of $13.34. The company has a market cap of $80.29 million, a PE ratio of -4.81 and a beta of 1.16. The company has a 50 day moving average of $8.21 and a 200 day moving average of $7.38.

SoundThinking (NASDAQ:SSTI) last issued its earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.12). The business had revenue of $23.89 million for the quarter, compared to the consensus estimate of $25.77 million. SoundThinking had a negative net margin of 16.92% and a negative return on equity of 23.31%. Research analysts forecast that SoundThinking will post -0.69 earnings per share for the current fiscal year.

Institutional Trading of SoundThinking

Several institutional investors and hedge funds have recently made changes to their positions in SSTI. Hsbc Holdings PLC purchased a new stake in SoundThinking during the second quarter valued at about $367,000. Ieq Capital LLC purchased a new position in shares of SoundThinking in the 2nd quarter worth about $193,000. Great Lakes Advisors LLC bought a new position in shares of SoundThinking during the 2nd quarter valued at about $272,000. BlackRock Inc. bought a new position in shares of SoundThinking during the 2nd quarter valued at about $3,240,000. Finally, Rice Hall James & Associates LLC bought a new position in shares of SoundThinking during the 2nd quarter valued at about $4,225,000. Hedge funds and other institutional investors own 60.74% of the company’s stock.

SoundThinking News Roundup

Here are the key news stories impacting SoundThinking this week:

• Positive Sentiment: Analysts still see potential upside: Cantor Fitzgerald set an $8 price target, and Lake Street Capital also maintained an $8 target. Both targets are above the current trading level, although Cantor now rates the shares “neutral” and Lake Street downgraded the stock to “hold.” Cantor Fitzgerald price target report
• Positive Sentiment: Management outlined a 2026 revenue plan of $99 million to $100 million and expects annual recurring revenue to exceed $100 million by the beginning of 2027, suggesting continued growth in the company’s subscription-based public-safety technology business. SoundThinking 2026 revenue plan
• Neutral Sentiment: Citizens JMP reaffirmed its “market perform” rating, indicating no immediate catalyst from its view. Citizens JMP rating report
• Negative Sentiment: Second-quarter results missed expectations: SoundThinking reported a loss of $0.37 per share versus the approximately $0.25-$0.27 consensus loss estimate, while revenue of $23.89 million fell short of the $25.77 million forecast. The loss also widened from $0.24 per share a year earlier. SoundThinking second-quarter results
• Negative Sentiment: The company cut 2026 revenue guidance to $99 million-$100 million from $109 million-$111 million and reduced its adjusted EBITDA margin target to 8%-9% from 16%-18%. The new revenue outlook is also well below the roughly $109.2 million analyst consensus, raising concerns about slowing growth and profitability. SoundThinking financial results and guidance

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. It offers ShotSpotter, an acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; and ResourceRouter, a software that directs patrol and community anti-violence resources to help maximize their impact.