SoundThinking (NASDAQ:SSTI) Stock Rating Lowered by Wall Street Zen

SoundThinking (NASDAQ:SSTI) was downgraded by investment analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

SSTI has been the topic of a number of other research reports. Roth Capital set a $13.00 target price on shares of SoundThinking in a research report on Friday. Weiss Ratings cut SoundThinking from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 30th. Northland Securities set a $10.00 target price on SoundThinking in a research report on Friday. Lake Street Capital lowered shares of SoundThinking from a “buy” rating to a “hold” rating and set a $8.00 price objective on the stock. in a research note on Friday. Finally, Citizens Jmp reiterated a “market perform” rating on shares of SoundThinking in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, SoundThinking presently has a consensus rating of “Hold” and an average price target of $10.83.

SoundThinking Stock Performance

NASDAQ:SSTI opened at $6.20 on Friday. The company has a market cap of $80.29 million, a P/E ratio of -4.81 and a beta of 1.16. SoundThinking has a 52-week low of $5.78 and a 52-week high of $13.34. The stock’s 50-day simple moving average is $8.21 and its 200 day simple moving average is $7.38.

SoundThinking (NASDAQ:SSTI) last issued its earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.12). SoundThinking had a negative net margin of 16.92% and a negative return on equity of 23.31%. The firm had revenue of $23.89 million during the quarter, compared to analyst estimates of $25.77 million. As a group, equities analysts predict that SoundThinking will post -0.69 earnings per share for the current fiscal year.

Institutional Trading of SoundThinking

A number of hedge funds have recently modified their holdings of SSTI. Kopion Asset Management LLC boosted its stake in shares of SoundThinking by 14.6% during the 2nd quarter. Kopion Asset Management LLC now owns 1,114,648 shares of the company’s stock worth $10,088,000 after acquiring an additional 142,346 shares during the last quarter. Wasatch Advisors LP lifted its holdings in SoundThinking by 3.7% in the 3rd quarter. Wasatch Advisors LP now owns 554,085 shares of the company’s stock worth $6,682,000 after purchasing an additional 19,848 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in SoundThinking in the 2nd quarter valued at $4,225,000. BlackRock Inc. purchased a new stake in shares of SoundThinking in the second quarter worth about $3,240,000. Finally, Quantinno Capital Management LP boosted its position in shares of SoundThinking by 264.8% during the 1st quarter. Quantinno Capital Management LP now owns 236,581 shares of the company’s stock valued at $1,566,000 after acquiring an additional 171,733 shares during the last quarter. Institutional investors own 60.74% of the company’s stock.

Key Stories Impacting SoundThinking

Here are the key news stories impacting SoundThinking this week:

• Positive Sentiment: Analysts still see potential upside: Cantor Fitzgerald set an $8 price target, and Lake Street Capital also maintained an $8 target. Both targets are above the current trading level, although Cantor now rates the shares “neutral” and Lake Street downgraded the stock to “hold.” Cantor Fitzgerald price target report
• Positive Sentiment: Management outlined a 2026 revenue plan of $99 million to $100 million and expects annual recurring revenue to exceed $100 million by the beginning of 2027, suggesting continued growth in the company’s subscription-based public-safety technology business. SoundThinking 2026 revenue plan
• Neutral Sentiment: Citizens JMP reaffirmed its “market perform” rating, indicating no immediate catalyst from its view. Citizens JMP rating report
• Negative Sentiment: Second-quarter results missed expectations: SoundThinking reported a loss of $0.37 per share versus the approximately $0.25-$0.27 consensus loss estimate, while revenue of $23.89 million fell short of the $25.77 million forecast. The loss also widened from $0.24 per share a year earlier. SoundThinking second-quarter results
• Negative Sentiment: The company cut 2026 revenue guidance to $99 million-$100 million from $109 million-$111 million and reduced its adjusted EBITDA margin target to 8%-9% from 16%-18%. The new revenue outlook is also well below the roughly $109.2 million analyst consensus, raising concerns about slowing growth and profitability. SoundThinking financial results and guidance

About SoundThinking

SoundThinking, Inc, a public safety technology company that provides transformative solutions and strategic advisory services for law enforcement and civic leadership. Its SafetySmart Platform, an integrated suite of data-driven tools that enable law enforcement and community violence prevention and health organizations to be efficient in public safety outcomes. It offers ShotSpotter, an acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; and ResourceRouter, a software that directs patrol and community anti-violence resources to help maximize their impact.