SoundThinking (NASDAQ:SSTI) Announces Quarterly Earnings Results, Misses Expectations By $0.47 EPS

SoundThinking (NASDAQ:SSTI) announced its quarterly earnings data on Thursday. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.47), FiscalAI reports. The firm had revenue of $25.01 million during the quarter, compared to the consensus estimate of $25.02 million. SoundThinking had a negative net margin of 16.92% and a negative return on equity of 23.77%.

SoundThinking Price Performance

Shares of NASDAQ SSTI opened at $8.25 on Friday. SoundThinking has a 1-year low of $5.41 and a 1-year high of $10.03. The business’s fifty day moving average price is $7.45 and its two-hundred day moving average price is $7.31. The firm has a market capitalization of $106.84 million, a PE ratio of -6.39 and a beta of 1.10.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Lake Street Capital downgraded shares of SoundThinking from a “buy” rating to a “hold” rating and set a $8.00 price objective for the company. in a report on Friday, August 14th. Jefferies Financial Group set a $9.00 target price on shares of SoundThinking in a report on Wednesday, September 30th. Roth Capital downgraded shares of SoundThinking from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research report on Wednesday, September 30th. Weiss Ratings raised shares of SoundThinking from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, October 29th. Finally, Citigroup reaffirmed a “market perform” rating on shares of SoundThinking in a research report on Wednesday, September 30th. Eight investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $8.75.

SoundThinking Company Profile

SoundThinking, Inc. is a public safety technology company that provides data-driven tools to help law enforcement and other public safety organizations detect, analyze and respond to crime. The company’s platform combines acoustic sensors, artificial intelligence, data analytics and investigative software to support emergency response, investigations and resource allocation. Its flagship ShotSpotter service uses a network of acoustic sensors and machine-learning technology to detect, locate and analyze suspected gunfire, helping agencies identify incidents that may not be reported through emergency calls.