SoundThinking (NASDAQ:SSTI) Announces Earnings Results, Misses Expectations By $0.48 EPS

SoundThinking (NASDAQ:SSTI) posted its earnings results on Thursday. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.48), FiscalAI reports. SoundThinking had a negative return on equity of 23.77% and a negative net margin of 16.92%. The firm had revenue of $25.01 million for the quarter, compared to the consensus estimate of $25.02 million.

SoundThinking Trading Up 0.1%

Shares of NASDAQ:SSTI traded up $0.01 during trading on Thursday, reaching $8.24. The company had a trading volume of 357,432 shares, compared to its average volume of 162,047. The company has a fifty day moving average of $7.41 and a two-hundred day moving average of $7.31. The stock has a market capitalization of $106.71 million, a P/E ratio of -6.39 and a beta of 1.10. SoundThinking has a 12 month low of $5.41 and a 12 month high of $10.03.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SSTI shares. Northland Securities cut shares of SoundThinking from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. Craig Hallum lifted their price objective on SoundThinking from $6.00 to $8.50 and gave the company a “hold” rating in a research note on Friday, October 2nd. Cantor Fitzgerald reduced their target price on SoundThinking from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, August 14th. Lake Street Capital lowered 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, August 14th. Finally, Roth Capital cut SoundThinking from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a report on Wednesday, September 30th. Eight investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $9.79.

SoundThinking Company Profile

SoundThinking, Inc. is a public safety technology company that provides data-driven tools to help law enforcement and other public safety organizations detect, analyze and respond to crime. The company’s platform combines acoustic sensors, artificial intelligence, data analytics and investigative software to support emergency response, investigations and resource allocation. Its flagship ShotSpotter service uses a network of acoustic sensors and machine-learning technology to detect, locate and analyze suspected gunfire, helping agencies identify incidents that may not be reported through emergency calls.