Piper Sandler Cuts SoundHound AI (NASDAQ:SOUN) Price Target to $6.00

SoundHound AI (NASDAQ:SOUN) had its price target reduced by Piper Sandler from $7.00 to $6.00 in a research note released on Tuesday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of SoundHound AI in a research note on Friday, September 11th. Wall Street Zen raised shares of SoundHound AI from a “strong sell” rating to a “sell” rating in a research note on Sunday, September 13th. Finally, DA Davidson lowered their price target on shares of SoundHound AI from $12.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, SoundHound AI currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.75.

SoundHound AI Stock Up 1.5%

NASDAQ:SOUN opened at $6.10 on Tuesday. SoundHound AI has a twelve month low of $5.65 and a twelve month high of $22.17. The stock’s 50-day simple moving average is $6.65 and its 200 day simple moving average is $7.14. The firm has a market capitalization of $2.71 billion, a PE ratio of -16.05 and a beta of 2.66.

SoundHound AI (NASDAQ:SOUN) last issued its earnings results on Wednesday, August 5th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.11. SoundHound AI had a negative return on equity of 30.22% and a negative net margin of 67.45%.The firm had revenue of $61.90 million during the quarter, compared to the consensus estimate of $52.38 million. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. The business’s quarterly revenue was up 45.0% on a year-over-year basis. On average, analysts anticipate that SoundHound AI will post -0.32 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Michael Zagorsek sold 71,113 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $6.33, for a total value of $450,145.29. Following the completion of the sale, the chief operating officer owned 2,600,231 shares of the company’s stock, valued at approximately $16,459,462.23. This represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider James Hom sold 38,730 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $6.33, for a total value of $245,160.90. Following the transaction, the insider owned 1,105,555 shares of the company’s stock, valued at $6,998,163.15. This trade represents a 3.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 288,758 shares of company stock worth $1,828,598. Corporate insiders own 8.84% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of SoundHound AI by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 9,180,321 shares of the company’s stock worth $91,543,000 after purchasing an additional 273,097 shares in the last quarter. SG Americas Securities LLC bought a new stake in SoundHound AI during the 1st quarter valued at $1,606,000. AXQ Capital LP raised its holdings in SoundHound AI by 395.6% during the second quarter. AXQ Capital LP now owns 254,744 shares of the company’s stock worth $1,648,000 after buying an additional 203,345 shares during the last quarter. Corient Private Wealth LP lifted its stake in shares of SoundHound AI by 777.2% in the second quarter. Corient Private Wealth LP now owns 176,764 shares of the company’s stock valued at $1,144,000 after buying an additional 156,612 shares in the last quarter. Finally, Themes Management Co LLC bought a new position in shares of SoundHound AI in the fourth quarter valued at $1,023,000. Institutional investors own 19.28% of the company’s stock.

SoundHound AI News Summary

Here are the key news stories impacting SoundHound AI this week:

• Positive Sentiment: New edge-AI platform expands SoundHound’s addressable market. SoundHound introduced OASYS Edge, which embeds LLM-powered, agentic voice AI directly into vehicles and smart devices. The architecture allows manufacturers to develop an AI agent once and deploy it in cloud, edge, or hybrid environments, potentially improving responsiveness, privacy, and offline functionality. The announcement could support the stock by strengthening SoundHound’s positioning in automotive and connected-device markets. SoundHound AI Introduces OASYS Edge
• Neutral Sentiment: Banking expansion offers growth potential but carries execution risks. SoundHound is pursuing AI-agent deployments and financial-sector contracts, although success in regulated markets will depend on security, compliance, customer adoption, and a path to profitability. SoundHound Expands in Banking
• Neutral Sentiment: Short-interest data provides no clear trading signal. The latest report lists short interest at zero shares and a zero-day days-to-cover ratio. Although described as a large increase, the reported figures appear inconsistent and do not indicate meaningful short-squeeze potential.
• Negative Sentiment: Piper Sandler reduced its SoundHound price target to $6.00. The lower target signals limited near-term upside and adds pressure while shares remain well below their 52-week high. Piper Sandler Lowers SoundHound AI Price Target
• Negative Sentiment: Insider selling and recent underperformance weigh on sentiment. SoundHound’s CEO reportedly sold more than 137,000 shares, while the stock recently declined more than the broader market. These developments may reinforce concerns about insider confidence and continued volatility. SoundHound AI CEO Share Sale

About SoundHound AI

SoundHound AI, Inc develops conversational artificial intelligence and voice-enabled technologies. Its platform is designed to let users interact with devices, applications and services through natural-language speech, supporting functions such as information retrieval, question answering and task completion.

The company’s offerings include the Houndify conversational AI platform, which businesses can use to build branded voice assistants, as well as SoundHound Chat AI, an in-car and consumer-oriented voice assistant that combines conversational capabilities with access to information and services.