SoundThinking (NASDAQ:SSTI) Releases Earnings Results, Misses Estimates By $0.47 EPS

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

SoundThinking Stock Up 0.2%

SSTI opened at $8.25 on Friday. SoundThinking has a 52 week low of $5.41 and a 52 week high of $10.03. The stock has a market cap of $106.84 million, a PE ratio of -6.40 and a beta of 1.10. The business has a 50 day moving average of $7.45 and a 200-day moving average of $7.31.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SSTI. Citigroup reiterated a “market perform” rating on shares of SoundThinking in a research report on Wednesday, September 30th. Wall Street Zen lowered shares of SoundThinking from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Lake Street Capital cut shares of SoundThinking from a “buy” rating to a “hold” rating and set a $8.00 price objective for the company. in a research note on Friday, August 14th. Roth Capital lowered shares of SoundThinking from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a report on Wednesday, September 30th. Finally, Cantor Fitzgerald decreased their target price on shares of SoundThinking from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. Eight research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price 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.