SoundThinking (NASDAQ:SSTI – Get Free Report) had its target price reduced by analysts at Cantor Fitzgerald from $10.00 to $8.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Cantor Fitzgerald’s target price points to a potential downside of 3.26% from the stock’s current price.
Several other equities analysts have also weighed in on the stock. Weiss Ratings lowered shares of SoundThinking from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 30th. Lake Street Capital lowered SoundThinking from a “buy” rating to a “hold” rating and set a $8.00 price objective for the company. in a research report on Friday. Zacks Research upgraded SoundThinking from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen upgraded SoundThinking from a “strong sell” rating to a “sell” rating in a report on Sunday, May 31st. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.40.
Check Out Our Latest Stock Report on SoundThinking
SoundThinking Stock Up 1.5%
SoundThinking (NASDAQ:SSTI – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.12). SoundThinking had a negative return on equity of 20.76% and a negative net margin of 14.95%.The firm had revenue of $23.89 million for the quarter, compared to analysts’ expectations of $25.77 million. On average, analysts expect that SoundThinking will post -0.69 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in shares of 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. BNP Paribas Financial Markets boosted its position in SoundThinking by 160.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock valued at $33,000 after buying an additional 1,688 shares during the period. State of Wyoming acquired a new position in shares of SoundThinking in the second quarter worth $33,000. Versant Capital Management Inc grew its stake in shares of SoundThinking by 31.7% in the second quarter. Versant Capital Management Inc now owns 9,305 shares of the company’s stock worth $84,000 after acquiring an additional 2,239 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of SoundThinking by 78.1% during the fourth quarter. Wells Fargo & Company MN now owns 10,448 shares of the company’s stock worth $84,000 after acquiring an additional 4,580 shares during the period. Hedge funds and other institutional investors own 60.74% of the company’s stock.
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.
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