Cantor Fitzgerald Forecasts SoundThinking FY2025 Earnings

SoundThinking, Inc. (NASDAQ:SSTI) – Analysts at Cantor Fitzgerald dropped their FY2025 earnings per share (EPS) estimates for shares of SoundThinking in a research note issued to investors on Wednesday, February 26th. Cantor Fitzgerald analyst J. Ruykhaver now expects that the company will post earnings per share of ($0.43) for the year, down from their prior forecast of ($0.14). Cantor Fitzgerald has a “Overweight” rating and a $20.00 price target on the stock. The consensus estimate for SoundThinking’s current full-year earnings is ($0.42) per share.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The company had revenue of $23.41 million during the quarter, compared to analysts’ expectations of $26.65 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%.

SSTI has been the subject of several other research reports. JMP Securities decreased their price objective on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th. Craig Hallum upgraded SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.20.

SoundThinking Stock Performance

Shares of SSTI opened at $16.43 on Friday. The stock has a 50-day simple moving average of $13.47 and a 200-day simple moving average of $12.86. The stock has a market capitalization of $206.84 million, a PE ratio of -136.91 and a beta of 1.18. SoundThinking has a 1 year low of $9.33 and a 1 year high of $18.38.

Insider Buying and Selling

In related news, CEO Ralph A. Clark sold 5,933 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $68,882.13. Following the completion of the sale, the chief executive officer now owns 520,774 shares in the company, valued at $6,046,186.14. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Alan R. Stewart sold 15,000 shares of SoundThinking stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total value of $209,250.00. Following the transaction, the chief financial officer now directly owns 138,851 shares in the company, valued at approximately $1,936,971.45. This trade represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,350 shares of company stock worth $308,032 over the last 90 days. 9.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of SoundThinking in the fourth quarter valued at approximately $70,000. BNP Paribas Financial Markets boosted its position in SoundThinking by 145.2% during the third quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock worth $102,000 after purchasing an additional 5,236 shares in the last quarter. Diversified Investment Strategies LLC purchased a new stake in SoundThinking during the fourth quarter worth $131,000. WINTON GROUP Ltd purchased a new stake in SoundThinking during the fourth quarter worth $228,000. Finally, Two Sigma Advisers LP boosted its position in SoundThinking by 80.6% during the fourth quarter. Two Sigma Advisers LP now owns 18,600 shares of the company’s stock worth $243,000 after purchasing an additional 8,300 shares in the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

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.