Cantor Fitzgerald Predicts Lower Earnings for SoundThinking

SoundThinking, Inc. (NASDAQ:SSTI) – Stock analysts at Cantor Fitzgerald lowered their FY2025 earnings estimates for SoundThinking in a research report issued on Thursday, November 13th. Cantor Fitzgerald analyst J. Ruykhaver now forecasts that the company will post earnings per share of ($0.66) for the year, down from their previous forecast of ($0.63). Cantor Fitzgerald has a “Overweight” rating and a $16.00 price objective on the stock. The consensus estimate for SoundThinking’s current full-year earnings is ($0.42) per share. Cantor Fitzgerald also issued estimates for SoundThinking’s FY2026 earnings at ($0.34) EPS.

SoundThinking (NASDAQ:SSTI) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The company had revenue of $25.10 million during the quarter, compared to analysts’ expectations of $27.97 million. SoundThinking had a negative net margin of 9.74% and a negative return on equity of 13.76%. SoundThinking has set its FY 2025 guidance at EPS.

Several other research analysts have also commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of SoundThinking in a research report on Thursday. Craig Hallum lowered SoundThinking from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a research note on Thursday, November 13th. Zacks Research upgraded SoundThinking from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Wall Street Zen lowered shares of SoundThinking from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Finally, Roth Capital reissued a “buy” rating and set a $20.00 price target (down previously from $30.00) on shares of SoundThinking in a research report on Thursday, November 13th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, SoundThinking currently has a consensus rating of “Moderate Buy” and an average price target of $17.67.

SoundThinking Stock Performance

SoundThinking stock opened at $6.37 on Monday. The company has a market capitalization of $81.48 million, a PE ratio of -8.06 and a beta of 1.17. SoundThinking has a fifty-two week low of $6.29 and a fifty-two week high of $19.43. The firm has a 50 day moving average price of $10.80 and a 200 day moving average price of $12.76.

Hedge Funds Weigh In On SoundThinking

A number of institutional investors and hedge funds have recently made changes to their positions in SSTI. Meeder Asset Management Inc. purchased a new stake in shares of SoundThinking during the third quarter worth approximately $31,000. BNP Paribas Financial Markets lifted its stake in SoundThinking by 160.5% in the third 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 during the last quarter. State of Wyoming acquired a new position in SoundThinking during the 2nd quarter worth approximately $33,000. MetLife Investment Management LLC purchased a new stake in shares of SoundThinking in the 1st quarter valued at approximately $98,000. Finally, Strs Ohio acquired a new stake in shares of SoundThinking in the 1st quarter valued at $127,000. 60.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other SoundThinking news, CEO Ralph A. Clark sold 16,161 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $11.80, for a total transaction of $190,699.80. Following the sale, the chief executive officer owned 588,638 shares in the company, valued at $6,945,928.40. This represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 18,500 shares of company stock worth $218,566. Insiders own 10.40% 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.