Key Points
- Director Diana Sroka sold 1,343 shares of SoundHound AI on Nov. 13 at an average price of $12.99 for $17,445.57, leaving her with 152,606 shares (a 0.87% reduction valued at about $1.98M).
- SoundHound beat quarterly estimates, reporting ($0.03) EPS vs. consensus ($0.09) and revenue of $42.05M (up 67.6% year‑over‑year), though the company still shows negative margins and ROE.
- Shares trade near $12.17 with a $4.96B market cap, a 50‑day/200‑day SMA of $16.64/$13.09, and a consensus analyst rating of "Moderate Buy" with an average price target of $17.42.
SoundHound AI, Inc. (NASDAQ:SOUN - Get Free Report) Director Diana Sroka sold 1,343 shares of SoundHound AI stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $12.99, for a total transaction of $17,445.57. Following the completion of the sale, the director owned 152,606 shares of the company's stock, valued at approximately $1,982,351.94. The trade was a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
SoundHound AI Price Performance
SoundHound AI stock traded down $0.05 during mid-day trading on Friday, reaching $12.17. 28,064,174 shares of the company were exchanged, compared to its average volume of 35,873,584. The firm has a market cap of $4.96 billion, a PE ratio of -14.49 and a beta of 2.60. The company has a fifty day simple moving average of $16.64 and a 200-day simple moving average of $13.09. SoundHound AI, Inc. has a 12 month low of $5.97 and a 12 month high of $24.98.
SoundHound AI (NASDAQ:SOUN - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.06. The business had revenue of $42.05 million during the quarter, compared to the consensus estimate of $40.48 million. SoundHound AI had a negative return on equity of 93.64% and a negative net margin of 211.16%.SoundHound AI's revenue for the quarter was up 67.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. SoundHound AI has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that SoundHound AI, Inc. will post -0.38 earnings per share for the current year.
Hedge Funds Weigh In On SoundHound AI
A number of hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new position in SoundHound AI during the first quarter worth $399,000. Bank of New York Mellon Corp raised its holdings in shares of SoundHound AI by 5.6% during the first quarter. Bank of New York Mellon Corp now owns 919,854 shares of the company's stock valued at $7,469,000 after purchasing an additional 49,011 shares during the period. Allworth Financial LP boosted its position in shares of SoundHound AI by 11.6% during the 1st quarter. Allworth Financial LP now owns 11,062 shares of the company's stock worth $90,000 after purchasing an additional 1,153 shares in the last quarter. Xponance Inc. grew its stake in shares of SoundHound AI by 11.1% in the 1st quarter. Xponance Inc. now owns 24,584 shares of the company's stock valued at $200,000 after buying an additional 2,451 shares during the period. Finally, Arizona State Retirement System increased its position in SoundHound AI by 2.2% in the 1st quarter. Arizona State Retirement System now owns 96,590 shares of the company's stock valued at $784,000 after buying an additional 2,039 shares in the last quarter. Institutional investors own 19.28% of the company's stock.
Analyst Ratings Changes
SOUN has been the topic of a number of recent analyst reports. Wedbush reissued an "outperform" rating and issued a $16.00 price objective on shares of SoundHound AI in a research note on Thursday, September 11th. Wall Street Zen cut SoundHound AI from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. HC Wainwright upped their price objective on SoundHound AI from $18.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday, October 16th. Northland Securities upgraded SoundHound AI from a "market perform" rating to an "outperform" rating and set a $14.50 target price on the stock in a research report on Friday, August 8th. Finally, Northland Capmk raised SoundHound AI from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.42.
View Our Latest Analysis on SOUN
SoundHound AI Company Profile
(
Get Free Report)
SoundHound AI, Inc develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.
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