SoundThinking, Inc. (SSTI) – What Are Researchers Thinking About This Stock?

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have been assigned a consensus recommendation of “Reduce” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $9.79.

Several brokerages recently issued reports on SSTI. Lake Street Capital cut shares of SoundThinking from a “buy” rating to a “hold” rating and set a $8.00 price objective for the company. in a research note on Friday, August 14th. Citigroup reiterated a “market perform” rating on shares of SoundThinking in a report on Wednesday, September 30th. Cantor Fitzgerald decreased their target price on shares of SoundThinking from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, August 14th. Craig Hallum boosted their target price on SoundThinking from $6.00 to $8.50 and gave the stock a “hold” rating in a report on Friday, October 2nd. Finally, Weiss Ratings upgraded SoundThinking from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th.

Institutional Investors Weigh In On SoundThinking

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kopion Asset Management LLC lifted its position in SoundThinking by 14.9% during the third quarter. Kopion Asset Management LLC now owns 1,280,901 shares of the company’s stock worth $10,644,000 after buying an additional 166,253 shares in the last quarter. Hsbc Holdings PLC acquired a new position in SoundThinking during the second quarter worth $367,000. Ieq Capital LLC purchased a new stake in SoundThinking in the 2nd quarter valued at $193,000. Great Lakes Advisors LLC purchased a new stake in SoundThinking in the 2nd quarter valued at $272,000. Finally, BlackRock Inc. purchased a new stake in SoundThinking in the 2nd quarter valued at $3,240,000. Institutional investors and hedge funds own 60.74% of the company’s stock.

SoundThinking Stock Up 0.5%

SoundThinking stock opened at $8.30 on Thursday. SoundThinking has a 52-week low of $5.41 and a 52-week high of $11.88. The firm has a market capitalization of $107.52 million, a price-to-earnings ratio of -6.43 and a beta of 1.11. The company has a fifty day simple moving average of $6.75 and a 200-day simple moving average of $7.24.

SoundThinking (NASDAQ:SSTI) last issued its earnings results on Thursday, August 13th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.12). The business had revenue of $23.89 million during the quarter, compared to analyst estimates of $25.77 million. SoundThinking had a negative net margin of 16.92% and a negative return on equity of 23.77%. On average, research analysts anticipate that SoundThinking will post -1.06 EPS for the current fiscal year.

About SoundThinking

SoundThinking, Inc is a public safety technology company that provides data-driven tools to help law enforcement agencies detect, analyze and respond to crime. Its platform combines acoustic sensors, artificial intelligence, investigative software and analytics to support public safety operations.

The company’s offerings include ShotSpotter, a gunshot detection and location service that uses acoustic sensors and human review to alert agencies to suspected gunfire; CrimeTracer, a search and analysis platform that helps investigators connect information from multiple data sources; and other tools designed to assist with case management, resource allocation and crime analysis.

SoundThinking was founded in 1996 and was previously known as ShotSpotter, Inc The company adopted the SoundThinking name in 2023 as it expanded beyond gunshot detection into a broader public safety technology platform.