SoundThinking, Inc. (NASDAQ:SSTI – Free Report) – Investment analysts at Northland Securities upped their Q4 2027 earnings per share estimates for SoundThinking in a note issued to investors on Friday, August 14th. Northland Securities analyst M. Latimore now anticipates that the company will post earnings per share of $0.07 for the quarter, up from their prior forecast of $0.06. The consensus estimate for SoundThinking’s current full-year earnings is ($0.69) per share.
Other equities research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of SoundThinking from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 30th. Lake Street Capital cut SoundThinking from a “buy” rating to a “hold” rating and set a $8.00 target price for the company. in a report on Friday. Citizens Jmp reissued a “market perform” rating on shares of SoundThinking in a research note on Friday. Wall Street Zen lowered SoundThinking from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, Zacks Research raised SoundThinking from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.83.
SoundThinking Stock Performance
Shares of SSTI stock opened at $5.58 on Monday. SoundThinking has a 52 week low of $5.57 and a 52 week high of $13.34. The company’s 50 day moving average price is $8.17 and its two-hundred day moving average price is $7.37. The company has a market capitalization of $72.26 million, a P/E ratio of -4.33 and a beta of 1.16.
SoundThinking (NASDAQ:SSTI – Get Free Report) last issued its quarterly earnings data 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). SoundThinking had a negative net margin of 16.92% and a negative return on equity of 23.31%. The business had revenue of $23.89 million during the quarter, compared to analyst estimates of $25.77 million.
Institutional Trading of SoundThinking
A number of institutional investors have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in SoundThinking by 6.5% during the second quarter. Rhumbline Advisers now owns 15,960 shares of the company’s stock worth $208,000 after purchasing an additional 980 shares during the last quarter. Barclays PLC lifted its position in SoundThinking by 4.3% during the 4th quarter. Barclays PLC now owns 32,365 shares of the company’s stock worth $260,000 after buying an additional 1,347 shares in the last quarter. BNP Paribas Financial Markets lifted its position in SoundThinking by 160.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock worth $33,000 after buying an additional 1,688 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of SoundThinking by 9.5% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 20,336 shares of the company’s stock worth $245,000 after buying an additional 1,759 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of SoundThinking by 88.6% during the 1st quarter. Royal Bank of Canada now owns 4,173 shares of the company’s stock worth $28,000 after buying an additional 1,960 shares during the last quarter. Institutional investors 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. 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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