SoundThinking (NASDAQ:SSTI) Receives Market Perform Rating from Citizens Jmp

SoundThinking (NASDAQ:SSTI)‘s stock had its “market perform” rating reissued by equities research analysts at Citizens Jmp in a research report issued on Friday, Marketbeat Ratings reports.

SSTI has been the topic of a number of other reports. Wall Street Zen upgraded shares of SoundThinking from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 31st. Lake Street Capital cut shares of SoundThinking from a “buy” rating to a “hold” rating and set a $8.00 price target for the company. in a research report on Friday. Weiss Ratings downgraded shares of SoundThinking from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 30th. Cantor Fitzgerald cut their price objective on shares of SoundThinking from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Zacks Research raised shares of SoundThinking from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.00.

SoundThinking Stock Performance

NASDAQ SSTI opened at $8.27 on Friday. The stock has a market capitalization of $107.10 million, a P/E ratio of -7.13 and a beta of 1.16. SoundThinking has a 52 week low of $5.78 and a 52 week high of $13.34. The stock has a fifty day moving average of $8.24 and a 200-day moving average of $7.39.

SoundThinking (NASDAQ:SSTI) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.12). The firm had revenue of $23.89 million for the quarter, compared to analyst estimates of $25.77 million. SoundThinking had a negative net margin of 14.95% and a negative return on equity of 20.76%. Equities research analysts forecast that SoundThinking will post -0.69 earnings per share for the current fiscal year.

Institutional Trading of SoundThinking

A number of hedge funds have recently modified their holdings of the company. State of Wyoming bought a new position in SoundThinking during the 2nd quarter worth approximately $33,000. BNP Paribas Financial Markets increased 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 valued at $33,000 after purchasing an additional 1,688 shares in the last quarter. Royal Bank of Canada increased its stake in SoundThinking by 88.6% in the first quarter. Royal Bank of Canada now owns 4,173 shares of the company’s stock valued at $28,000 after purchasing an additional 1,960 shares in the last quarter. Strs Ohio acquired a new stake in SoundThinking in the first quarter worth $127,000. Finally, Versant Capital Management Inc boosted 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 purchasing an additional 2,239 shares in the last quarter. 60.74% of the stock is currently owned by institutional investors and hedge funds.

SoundThinking News Summary

Here are the key news stories impacting SoundThinking this week:

• Positive Sentiment: Management outlined a 2026 revenue target of $99 million to $100 million and an adjusted EBITDA margin target of 8% to 9%. The plan provides investors with a path toward positive adjusted profitability, although both targets were reduced from prior expectations. SoundThinking outlines 2026 revenue plan
• Neutral Sentiment: The company’s second-quarter earnings call provided additional detail on operating performance and management’s outlook, including efforts to grow recurring revenue and improve profitability. SoundThinking Q2 2026 earnings call transcript
• Negative Sentiment: SoundThinking reported a second-quarter loss of $0.37 per share, wider than the consensus loss estimate of $0.25-$0.27 and the $0.24 loss reported a year earlier. Revenue was $23.89 million, below analysts’ $25.77 million estimate, indicating weaker-than-expected execution. SoundThinking Q2 results
• Negative Sentiment: The company cut 2026 revenue guidance to $99 million-$100 million from $109 million-$111 million and reduced adjusted EBITDA margin guidance to 8%-9% from 16%-18%. Its expected increase in annual recurring revenue was also lowered to more than $100 million by the beginning of 2027 from a previous $110 million target. SoundThinking second-quarter financial results
• Negative Sentiment: Lake Street Capital downgraded SSTI from “buy” to “hold” and set an $8.00 price target, implying approximately 3.3% downside from the referenced $8.27 price. The downgrade adds to investor concerns following the earnings miss and guidance reductions. Finviz analyst rating information

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.