SoundThinking (NASDAQ:SSTI) Price Target Lowered to $8.00 at Cantor Fitzgerald

SoundThinking (NASDAQ:SSTI) had its price objective decreased by Cantor Fitzgerald from $10.00 to $8.00 in a research report released on Friday morning, Marketbeat reports. Cantor Fitzgerald currently has a neutral rating on the stock.

SSTI has been the subject of a number of other reports. Zacks Research raised shares of SoundThinking from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings lowered SoundThinking from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 30th. Lake Street Capital cut SoundThinking from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a research note on Friday. Finally, Wall Street Zen upgraded SoundThinking from a “strong sell” rating to a “sell” rating in a report on Sunday, May 31st. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.83.

SoundThinking Stock Performance

NASDAQ SSTI opened at $6.20 on Friday. The business’s 50 day moving average price is $8.21 and its 200-day moving average price is $7.38. SoundThinking has a fifty-two week low of $5.78 and a fifty-two week high of $13.34. The company has a market cap of $80.29 million, a P/E ratio of -4.81 and a beta of 1.16.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.12). SoundThinking had a negative return on equity of 23.31% and a negative net margin of 16.92%.The firm had revenue of $23.89 million for the quarter, compared to analysts’ expectations of $25.77 million. As a group, equities analysts predict that SoundThinking will post -0.69 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in SoundThinking by 88.6% during the 1st quarter. Royal Bank of Canada now owns 4,173 shares of the company’s stock valued at $28,000 after buying an additional 1,960 shares in the last quarter. BNP Paribas Financial Markets grew its stake in SoundThinking by 160.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock worth $33,000 after acquiring an additional 1,688 shares in the last quarter. State of Wyoming purchased a new position in shares of SoundThinking during the second quarter worth approximately $33,000. Versant Capital Management Inc increased its position in shares of SoundThinking by 31.7% during the second quarter. Versant Capital Management Inc now owns 9,305 shares of the company’s stock worth $84,000 after acquiring an additional 2,239 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of SoundThinking by 78.1% during the fourth quarter. Wells Fargo & Company MN now owns 10,448 shares of the company’s stock valued at $84,000 after acquiring an additional 4,580 shares in the last quarter. 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

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. 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.