FY2024 EPS Estimates for SoundThinking Lifted by Analyst

SoundThinking, Inc. (NASDAQ:SSTI) – Equities researchers at Roth Capital lifted their FY2024 earnings per share estimates for shares of SoundThinking in a research note issued to investors on Wednesday, November 13th. Roth Capital analyst R. Baldry now anticipates that the company will post earnings per share of ($0.45) for the year, up from their previous estimate of ($0.48). The consensus estimate for SoundThinking’s current full-year earnings is ($0.38) per share. Roth Capital also issued estimates for SoundThinking’s Q4 2024 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.46) EPS.

Other research analysts have also issued research reports about the stock. Craig Hallum cut their price target on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a report on Wednesday. JMP Securities cut their target price on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a research note on Wednesday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $20.00 price target on shares of SoundThinking in a research report on Friday, September 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.20.

SoundThinking Stock Performance

SoundThinking stock opened at $11.52 on Friday. SoundThinking has a 12 month low of $9.33 and a 12 month high of $26.92. The stock’s 50-day moving average is $11.73 and its 200-day moving average is $13.18.

Institutional Trading of SoundThinking

A number of hedge funds have recently made changes to their positions in SSTI. Vanguard Group Inc. grew its holdings in SoundThinking by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 504,435 shares of the company’s stock worth $8,010,000 after acquiring an additional 32,452 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in SoundThinking during the first quarter valued at approximately $923,000. Bares Capital Management Inc. lifted its holdings in SoundThinking by 4.9% during the 1st quarter. Bares Capital Management Inc. now owns 775,400 shares of the company’s stock worth $12,313,000 after buying an additional 36,187 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of SoundThinking by 9.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company’s stock worth $482,000 after acquiring an additional 3,268 shares in the last quarter. Finally, Pullen Investment Management LLC bought a new stake in shares of SoundThinking in the 2nd quarter valued at approximately $632,000. Institutional investors and hedge funds own 60.74% of the company’s stock.

Insider Activity at SoundThinking

In other SoundThinking news, CEO Ralph A. Clark sold 6,479 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $13.64, for a total value of $88,373.56. Following the transaction, the chief executive officer now directly owns 529,894 shares of the company’s stock, valued at $7,227,754.16. This represents a 1.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders sold 14,327 shares of company stock valued at $199,955. Corporate insiders own 9.20% 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.