SoundThinking (NASDAQ:SSTI) Downgraded by Lake Street Capital to Hold

Lake Street Capital downgraded shares of SoundThinking (NASDAQ:SSTI) from a buy rating to a hold rating in a research report report published on Friday morning, MarketBeat Ratings reports. They currently have $8.00 target price on the stock.

A number of other research firms also recently issued reports on SSTI. Wall Street Zen upgraded shares of SoundThinking from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 31st. Zacks Research raised SoundThinking from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings lowered SoundThinking from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.83.

SoundThinking Trading Down 25.0%

Shares of NASDAQ:SSTI opened at $6.20 on Friday. SoundThinking has a twelve month low of $5.78 and a twelve month high of $13.34. The company’s 50 day moving average is $8.21 and its 200 day moving average is $7.38. The company has a market cap of $80.29 million, a PE ratio of -4.81 and a beta of 1.16.

SoundThinking (NASDAQ:SSTI) last announced 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). The business had revenue of $23.89 million for the quarter, compared to analyst estimates of $25.77 million. SoundThinking had a negative net margin of 16.92% and a negative return on equity of 23.31%. Equities research analysts predict that SoundThinking will post -0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SSTI. State of Wyoming purchased a new stake in shares of SoundThinking during the 2nd quarter worth about $33,000. BNP Paribas Financial Markets grew its position in shares of SoundThinking by 160.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock valued at $33,000 after acquiring an additional 1,688 shares during the period. Royal Bank of Canada increased its stake in shares of SoundThinking by 88.6% in the 1st 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 purchased a new position in shares of SoundThinking in the 1st quarter valued at about $127,000. Finally, Versant Capital Management Inc raised its holdings in SoundThinking by 31.7% in the 2nd 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 during the period. Hedge funds and other institutional investors own 60.74% of the company’s stock.

Key Headlines Impacting SoundThinking

Here are the key news stories impacting SoundThinking this week:

• Positive Sentiment: Analysts still see potential upside: Cantor Fitzgerald set an $8 price target, and Lake Street Capital also maintained an $8 target. Both targets are above the current trading level, although Cantor now rates the shares “neutral” and Lake Street downgraded the stock to “hold.” Cantor Fitzgerald price target report
• Positive Sentiment: Management outlined a 2026 revenue plan of $99 million to $100 million and expects annual recurring revenue to exceed $100 million by the beginning of 2027, suggesting continued growth in the company’s subscription-based public-safety technology business. SoundThinking 2026 revenue plan
• Neutral Sentiment: Citizens JMP reaffirmed its “market perform” rating, indicating no immediate catalyst from its view. Citizens JMP rating report
• Negative Sentiment: Second-quarter results missed expectations: SoundThinking reported a loss of $0.37 per share versus the approximately $0.25-$0.27 consensus loss estimate, while revenue of $23.89 million fell short of the $25.77 million forecast. The loss also widened from $0.24 per share a year earlier. SoundThinking second-quarter results
• Negative Sentiment: The company cut 2026 revenue guidance to $99 million-$100 million from $109 million-$111 million and reduced its adjusted EBITDA margin target to 8%-9% from 16%-18%. The new revenue outlook is also well below the roughly $109.2 million analyst consensus, raising concerns about slowing growth and profitability. SoundThinking financial results and guidance

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.