SoundHound AI (NASDAQ:SOUN) Stock Price Down 1.8% – What’s Next?

SoundHound AI, Inc. (NASDAQ:SOUN)’s stock price fell 1.8% during mid-day trading on Friday . The company traded as low as $8.09 and last traded at $8.17. 32,724,005 shares changed hands during trading, an increase of 19% from the average session volume of 27,532,482 shares. The stock had previously closed at $8.32.

More SoundHound AI News

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

• Positive Sentiment: SoundHound’s pipeline is reportedly expanding, with commentary pointing to strong Q1 revenue growth of 52% and management’s efforts to accelerate enterprise AI adoption through OASYS and the planned LivePerson deal. Why SoundHound’s Pipeline Growth Matters for the SOUN Stock
• Positive Sentiment: Coverage around OASYS says the platform can help AI systems improve themselves, which could strengthen SoundHound’s technology story and support long-term growth expectations. SoundHound AI OASYS powers AI that can improve itself
• Positive Sentiment: Several bullish articles argue SoundHound remains a high-upside “moonshot” AI name, suggesting some investors are still focused on its agentic AI opportunity despite volatility. How SoundHound AI (SOUN) Is Expanding Its Agentic AI Case
• Neutral Sentiment: A shareholder/analyst call transcript may keep attention on management’s execution and guidance, but it does not appear to add a major new catalyst on its own. SoundHound AI, Inc. (SOUN) Shareholder/Analyst Call Prepared Remarks Transcript
• Neutral Sentiment: Some commentary remains constructive even after Northland trimmed its price target to $12 from $14 while keeping an Outperform rating, which signals caution but not a bearish thesis change. Northland Lowers SoundHound (SOUN) Price Target, Keeps Outperform Rating
• Negative Sentiment: Heavy short interest remains a concern, with reported short interest around 40.75% of float, which can amplify selling pressure and investor skepticism around the stock. How SoundHound AI (SOUN) Is Expanding Its Agentic AI Case

Analyst Ratings Changes

A number of brokerages have recently issued reports on SOUN. Zacks Research raised SoundHound AI from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. HC Wainwright lowered their price target on SoundHound AI from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $9.00 price target (down from $11.00) on shares of SoundHound AI in a report on Friday, February 27th. LADENBURG THALM/SH SH raised SoundHound AI to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, DA Davidson reaffirmed a “buy” rating and set a $14.00 price target on shares of SoundHound AI in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.93.

SoundHound AI Stock Down 1.8%

The business has a fifty day simple moving average of $7.59 and a two-hundred day simple moving average of $9.50. The company has a market cap of $3.45 billion, a P/E ratio of -17.38 and a beta of 2.58.

SoundHound AI (NASDAQ:SOUN) last posted its earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). SoundHound AI had a negative net margin of 91.84% and a negative return on equity of 40.15%. The firm had revenue of $44.20 million during the quarter, compared to the consensus estimate of $42.56 million. During the same period in the prior year, the company posted ($0.06) EPS. The firm’s revenue was up 51.7% compared to the same quarter last year. On average, equities analysts predict that SoundHound AI, Inc. will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling

In other SoundHound AI news, CEO Keyvan Mohajer sold 124,510 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $6.79, for a total value of $845,422.90. Following the transaction, the chief executive officer owned 2,073,777 shares of the company’s stock, valued at approximately $14,080,945.83. This represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Majid Emami sold 31,019 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $6.79, for a total value of $210,619.01. Following the completion of the transaction, the senior vice president directly owned 501,826 shares in the company, valued at approximately $3,407,398.54. This represents a 5.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 307,973 shares of company stock valued at $2,091,110 in the last 90 days. Insiders own 8.84% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SOUN. Royal Bank of Canada lifted its holdings in SoundHound AI by 71.3% in the first quarter. Royal Bank of Canada now owns 160,299 shares of the company’s stock valued at $1,301,000 after acquiring an additional 66,714 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in SoundHound AI by 8.9% in the first quarter. Integrated Wealth Concepts LLC now owns 14,676 shares of the company’s stock valued at $119,000 after acquiring an additional 1,201 shares during the period. NewEdge Advisors LLC increased its position in SoundHound AI by 12.9% in the first quarter. NewEdge Advisors LLC now owns 41,030 shares of the company’s stock worth $333,000 after buying an additional 4,692 shares in the last quarter. Goldman Sachs Group Inc. increased its position in SoundHound AI by 69.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,639,689 shares of the company’s stock worth $21,434,000 after buying an additional 1,085,473 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in SoundHound AI by 10.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 692,170 shares of the company’s stock worth $5,620,000 after buying an additional 63,398 shares in the last quarter. Institutional investors own 19.28% of the company’s stock.

About SoundHound AI

SoundHound AI, Inc is a voice AI and conversational intelligence company specializing in speech recognition, natural language understanding and sound identification technologies. Founded in 2005 and headquartered in Santa Clara, California, the company initially gained recognition with its music discovery app before pivoting to enterprise-grade voice AI solutions. Over the years, SoundHound AI has built a comprehensive platform that enables developers and businesses to embed conversational intelligence into a wide range of products and services.

The company’s core offering is the Houndify voice AI platform, which provides customizable speech-to-meaning technology, domain-specific natural language understanding and text-to-speech capabilities.