Cantor Fitzgerald Projects SoundThinking's FY2025 Earnings

On January 21, 2025, analysts at Cantor Fitzgerald released their estimated earnings for SoundThinking, Inc. (NASDAQ:SSTI) for the fiscal year 2025 in a research note aimed at investors. Analyst J. Ruykhaver forecasts that SoundThinking will report earnings of ($0.14) per share for the year. The firm currently maintains a "Strong-Buy" rating on the stock. In comparison, the consensus estimate for the company's full-year earnings stands at ($0.39) per share.

SoundThinking recently disclosed its earnings results on November 12. For the last quarter, the company reported an earnings per share (EPS) of ($0.11), which fell short of analysts' expectations of ($0.08) by $0.03. The company's revenue for that quarter amounted to $26.25 million, slightly above the analysts' forecast of $26.20 million. SoundThinking's financials reflect a negative net margin of 1.39% and a negative return on equity of 8.74%. In the same quarter of the previous year, the company reported earnings of ($0.09) per share.

SoundThinking's stock has been analyzed by various other firms. JMP Securities reduced their price target for the company's stock from $25.00 to $19.00 while maintaining a "market outperform" rating in their report on November 13. Similarly, Craig Hallum also lowered their price target from $17.50 to $16.00 and designated a "hold" rating as of November 13. At present, two investment analysts have rated the stock with a hold rating, three assigned a buy rating, and one recommended a strong buy. MarketBeat data shows that SoundThinking currently has a consensus rating classified as "Moderate Buy" with an average target price of $21.20.

Recent Stock Performance

SoundThinking's stock opened at $13.03 on the trading day following the announcement, showing a decrease of 0.6%. The 50-day simple moving average for the stock is $12.77, while its 200-day simple moving average stands at $12.80. The company's market capitalization is reported at $164.05 million, with a price-to-earnings (PE) ratio of -108.57 and a beta of 1.18. Over the past year, SoundThinking's stock has seen a low of $9.33 and a high of $22.57.

Institutional Shareholder Activity

Several institutional investors have recently modified their shareholdings in SoundThinking. Kopion Asset Management LLC increased its stake in the company by 24.2% during the fourth quarter, now holding 727,144 shares valued at $9,497,000 after acquiring an additional 141,630 shares. Disciplined Growth Investors Inc. MN also initiated a new position during the third quarter worth approximately $5,354,000. Additionally, Rice Hall James & Associates LLC raised their holdings by 56.6%, now owning 362,144 shares worth $4,197,000. State Street Corp and Pullen Investment Management LLC have also increased their stakes in the last quarter. Overall, about 60.74% of SoundThinking’s stock is owned by institutional investors.

Insider Trading Activity

In other news related to SoundThinking, CFO Alan R. Stewart sold 15,000 shares on December 10, 2024, at an average price of $13.95, totaling $209,250.00. Following this sale, he retains a direct ownership of 138,851 shares, valued at approximately $1.94 million, marking a 9.75% decrease in his position. Moreover, CEO Ralph A. Clark sold 5,933 shares on December 16 at an average price of $11.61, summing up to about $68,882.13. After this transaction, he still owns 520,774 shares valued close to $6 million, reflecting a 1.13% decrease in ownership. Over the last 90 days, total insider sales reached 25,621 shares valued at $336,458, with insiders currently holding 9.20% of the company's stock.

About SoundThinking

SoundThinking, Inc. is a public safety technology company that offers innovative solutions and strategic advisory services to law enforcement and civic leaders. Their SafetySmart Platform provides an integrated suite of data-driven tools designed to enhance public safety outcomes.

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