William Blair Projects SoundThinking's Earnings for FY2026
SoundThinking, Inc. (NASDAQ:SSTI) is under focus as analysts from William Blair have recently published their earnings projections for the fiscal year 2026. In a report released on February 26th, analyst L. Dipalma predicts that the company will achieve earnings of $0.05 per share. This contrasts with the current consensus estimate for SoundThinking's full-year earnings, which stands at a loss of $0.42 per share.
SoundThinking has received input from other equity analysts as well. JMP Securities has adjusted their price target for SoundThinking shares, reducing it from $25.00 to $19.00 while maintaining a "market outperform" rating. Additionally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a price target of $20.00. Furthermore, Craig Hallum upgraded their rating from "hold" to "buy" as of February 18th.
Stock Performance Overview
Shares of NASDAQ:SSTI opened at $16.91 on the following Thursday, showing a significant climb of 23.6%. The company's market capitalization is approximately $212.88 million, with a negative price-to-earnings ratio of -140.90 and a beta of 1.18. The 50-day moving average price stands at $13.39, while the 200-day moving average is $12.83. Over the past year, SoundThinking has seen stock prices fluctuate between a low of $9.33 and a high of $18.70.
Recent Earnings Report
On February 25th, SoundThinking released its latest quarterly earnings report, revealing an earnings per share (EPS) of ($0.32), which fell short of the consensus expectation of ($0.02) by $0.30. The reported quarterly revenue was $23.41 million, below the expected $26.65 million. The company experienced a negative net margin of 1.39% and a return on equity of -8.74%.
Institutional Investment Activity
In recent months, various institutional investors have adjusted their holdings in SoundThinking. Pullen Investment Management LLC ramped up their stake by 61.1% in the fourth quarter, now owning 142,040 shares valued at $1,855,000 after acquiring an additional 53,888 shares. Mackenzie Financial Corp entered a new investment during the same period, purchasing approximately $560,000 worth of shares. Two Sigma Advisers LP increased their holdings by 80.6%, and Two Sigma Investments LP saw their stake grow by 18.6%. In total, institutional investors control about 60.74% of SoundThinking's shares.
Insider Transactions
In insider news, CFO Alan R. Stewart sold 15,000 shares on December 10th at an average price of $13.95, totaling $209,250. Following this transaction, he holds 138,851 shares valued at approximately $1,936,971.45, indicating a 9.75% reduction in his stock ownership. Additionally, CEO Ralph A. Clark sold 5,933 shares on December 16th for about $68,882.13, reducing his holdings to 520,774 shares valued at near $6,046,186.14, representing a 1.13% decrease. In the last 90 days, insiders have collectively sold 24,632 shares worth $325,036, with insiders owning about 9.20% of the company's stock.
About SoundThinking
SoundThinking, Inc. is a public safety technology firm that delivers innovative solutions and advisory services for law enforcement and community leadership. The company's SafetySmart Platform combines various data-driven tools designed to enhance efficiency in achieving public safety objectives.
Conclusion
Investors are keeping a close eye on SoundThinking as it navigates through these challenging financial waters. With various analysts assigning ratings and targets, it will be interesting to observe how the company performs against these forecasts in the coming years.
Earnings, Analysis, Finance