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

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

SoundThinking Price Performance

Shares of SoundThinking stock traded up $0.01 during trading hours on Thursday, reaching $8.24. The company had a trading volume of 357,432 shares, compared to its average volume of 162,047. The firm has a market cap of $106.71 million, a PE ratio of -6.39 and a beta of 1.10. SoundThinking has a one year low of $5.41 and a one year high of $10.03. The business has a fifty day simple moving average of $7.41 and a 200 day simple moving average of $7.31.

Analyst Ratings Changes

Several analysts recently issued reports on SSTI shares. Weiss Ratings raised shares of SoundThinking from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, October 29th. Wall Street Zen lowered shares of SoundThinking from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Northland Securities downgraded shares of SoundThinking from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Jefferies Financial Group set a $9.00 target price on shares of SoundThinking in a report on Wednesday, September 30th. Finally, Craig Hallum raised their price target on shares of SoundThinking from $6.00 to $8.50 and gave the company a “hold” rating in a research report on Friday, October 2nd. Eight equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, SoundThinking presently has an average rating of “Reduce” and a consensus target price of $9.79.

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.