SoundThinking (NASDAQ:SSTI) Releases Earnings Results, Misses Expectations By $0.48 EPS

SoundThinking (NASDAQ:SSTI) released its quarterly earnings results on Thursday. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.48), FiscalAI reports. SoundThinking had a negative return on equity of 23.77% and a negative net margin of 16.92%. The firm had revenue of $25.01 million during the quarter, compared to analyst estimates of $25.02 million.

SoundThinking Stock Up 0.2%

Shares of SSTI traded up $0.02 during mid-day trading on Thursday, reaching $8.25. 375,551 shares of the company’s stock were exchanged, compared to its average volume of 162,917. The company has a 50-day simple moving average of $7.41 and a two-hundred day simple moving average of $7.31. SoundThinking has a 52-week low of $5.41 and a 52-week high of $10.03. The company has a market cap of $106.84 million, a price-to-earnings ratio of -6.40 and a beta of 1.10.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SSTI shares. Roth Capital cut SoundThinking from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a report on Wednesday, September 30th. Lake Street Capital lowered SoundThinking from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a report on Friday, August 14th. Citizens Jmp cut SoundThinking from an “outperform” rating to a “market perform” rating in a research report on Friday, August 14th. Craig Hallum lifted their price target on SoundThinking from $6.00 to $8.50 and gave the stock a “hold” rating in a research note on Friday, October 2nd. Finally, Jefferies Financial Group set a $9.00 price objective on shares of SoundThinking in a research report on Wednesday, September 30th. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, SoundThinking currently has a consensus rating of “Reduce” and an average target price of $9.79.

About SoundThinking

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.