FY2024 EPS Estimates for SoundThinking Boosted by Analyst

SoundThinking, Inc. (NASDAQ:SSTI) – Equities research analysts at Roth Capital upped their FY2024 earnings estimates for shares of SoundThinking in a research report issued to clients and investors on Wednesday, November 13th. Roth Capital analyst R. Baldry now anticipates that the company will post earnings of ($0.45) per share for the year, up from their prior forecast of ($0.48). The consensus estimate for SoundThinking’s current full-year earnings is ($0.38) per share. Roth Capital also issued estimates for SoundThinking’s Q4 2024 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.46) EPS.

SSTI has been the subject of a number of other research reports. Craig Hallum decreased their target price on SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research report on Wednesday. JMP Securities decreased their target price on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research note on Wednesday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $20.00 price objective on shares of SoundThinking in a report on Friday, September 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SoundThinking currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.20.

SoundThinking Price Performance

SSTI stock opened at $11.43 on Friday. SoundThinking has a 1-year low of $9.33 and a 1-year high of $26.92. The stock has a market capitalization of $146.08 million, a P/E ratio of -95.24 and a beta of 1.17. The business has a fifty day moving average price of $11.70 and a 200-day moving average price of $13.17.

Hedge Funds Weigh In On SoundThinking

Several large investors have recently added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN purchased a new position in shares of SoundThinking during the 3rd quarter valued at $5,354,000. Federated Hermes Inc. lifted its position in shares of SoundThinking by 14.4% in the second quarter. Federated Hermes Inc. now owns 1,505,000 shares of the company’s stock valued at $18,331,000 after acquiring an additional 190,000 shares in the last quarter. Rice Hall James & Associates LLC boosted its stake in shares of SoundThinking by 56.6% in the third quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company’s stock worth $4,197,000 after acquiring an additional 130,913 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of SoundThinking during the first quarter worth about $923,000. Finally, Pullen Investment Management LLC bought a new stake in SoundThinking during the 2nd quarter valued at approximately $632,000. Hedge funds and other institutional investors own 60.74% of the company’s stock.

Insider Transactions at SoundThinking

In related news, CEO Ralph A. Clark sold 5,591 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $14.36, for a total transaction of $80,286.76. Following the completion of the transaction, the chief executive officer now directly owns 536,373 shares in the company, valued at approximately $7,702,316.28. The trade was a 1.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 14,327 shares of company stock worth $199,955 in the last 90 days. 9.20% of the stock is currently owned by insiders.

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.