Key Points
- Ming Zhang, a Sound Group director, sold 1,001 shares on April 2 at an average price of $16.88, reducing his stake by 4.04% to 23,798 shares valued at $401,710.24.
- Sound Group declared a special dividend of $1.20 per share payable May 12 to shareholders of record on April 22 (ex-dividend date April 22).
- The stock trades near $18.22 with a market cap of $90.01M and a P/E of 202.44, but analysts' consensus rating is Sell despite a reported $2.39 EPS for the quarter and only $0.12M in revenue.
Sound Group, Inc. (NASDAQ:SOGP - Get Free Report) Director Ming Zhang sold 1,001 shares of the company's stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $16.88, for a total value of $16,896.88. Following the completion of the transaction, the director owned 23,798 shares of the company's stock, valued at $401,710.24. The trade was a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Sound Group Trading Up 3.6%
Sound Group stock opened at $18.22 on Tuesday. The firm has a market capitalization of $90.01 million, a P/E ratio of 202.44 and a beta of 2.48. The stock has a fifty day moving average price of $14.40 and a 200 day moving average price of $14.37. Sound Group, Inc. has a 52 week low of $1.18 and a 52 week high of $37.00.
Sound Group (NASDAQ:SOGP - Get Free Report) last released its earnings results on Wednesday, April 1st. The company reported $2.39 EPS for the quarter. The business had revenue of $0.12 million during the quarter.
Sound Group Dividend Announcement
The firm also recently announced a special dividend, which will be paid on Tuesday, May 12th. Investors of record on Wednesday, April 22nd will be paid a $1.20 dividend. The ex-dividend date is Wednesday, April 22nd.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Sound Group in a research report on Thursday, January 22nd. Wall Street Zen downgraded Sound Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, December 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of "Sell".
View Our Latest Stock Report on Sound Group
Sound Group Company Profile
(
Get Free Report)
Sound Group Inc is a global, AI-powered audio company on a mission to help people connect better and live happier. Leveraging its voice AI technologies and deep expertise in audio interaction, Sound Group is building a diverse ecosystem of intelligent audio products that cater to a global user base. By integrating technology, innovative products, and real-world data within a user-centric ecosystem, the Company generates a powerful growth flywheel that drives continuous innovation and accelerates global expansion.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
