SoundThinking, Inc. to Post Q4 2024 Earnings of $0.01 Per Share, William Blair Forecasts (NASDAQ:SSTI)

SoundThinking, Inc. (NASDAQ:SSTI) – Analysts at William Blair raised their Q4 2024 earnings estimates for SoundThinking in a note issued to investors on Wednesday, August 7th. William Blair analyst L. Dipalma now forecasts that the company will earn $0.01 per share for the quarter, up from their prior forecast of ($0.01). William Blair has a “Market Perform” rating on the stock. The consensus estimate for SoundThinking’s current full-year earnings is ($0.35) per share.

SoundThinking (NASDAQ:SSTI) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.15). SoundThinking had a negative return on equity of 8.52% and a negative net margin of 1.85%. The company had revenue of $25.41 million during the quarter, compared to the consensus estimate of $25.48 million. During the same period in the previous year, the firm posted ($0.15) earnings per share.

Several other research firms have also commented on SSTI. Lake Street Capital initiated coverage on shares of SoundThinking in a research note on Friday, May 24th. They set a “buy” rating and a $21.00 price objective for the company. Cantor Fitzgerald reduced their price target on SoundThinking from $25.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 15th. Roth Mkm reissued a “buy” rating and issued a $30.00 price objective on shares of SoundThinking in a research report on Wednesday, May 15th. Finally, Craig Hallum dropped their target price on SoundThinking from $19.00 to $17.50 and set a “hold” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SoundThinking has an average rating of “Moderate Buy” and a consensus target price of $22.13.

SoundThinking Stock Performance

SSTI stock opened at $14.26 on Friday. SoundThinking has a one year low of $11.00 and a one year high of $26.92. The firm has a market cap of $182.39 million, a price-to-earnings ratio of -44.56 and a beta of 1.21. The firm has a 50-day simple moving average of $13.45 and a two-hundred day simple moving average of $15.25.

Institutional Investors Weigh In On SoundThinking

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bares Capital Management Inc. increased its position in shares of SoundThinking by 10.7% in the 4th quarter. Bares Capital Management Inc. now owns 739,213 shares of the company’s stock valued at $18,880,000 after acquiring an additional 71,705 shares during the period. Acuitas Investments LLC grew its stake in SoundThinking by 76.6% during the 4th quarter. Acuitas Investments LLC now owns 80,984 shares of the company’s stock valued at $2,068,000 after purchasing an additional 35,124 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in SoundThinking during the 1st quarter valued at about $923,000. Premier Fund Managers Ltd acquired a new position in shares of SoundThinking in the fourth quarter valued at about $252,000. Finally, Worth Venture Partners LLC raised its stake in shares of SoundThinking by 76.3% in the fourth quarter. Worth Venture Partners LLC now owns 41,221 shares of the company’s stock worth $1,053,000 after purchasing an additional 17,841 shares during the last quarter. 60.74% of the stock is currently owned by institutional investors and hedge funds.

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.