SoundHound AI (NASDAQ:SOUN) Stock Price Up 20.1% – Still a Buy?

SoundHound AI, Inc. (NASDAQ:SOUN)’s share price rose 20.1% during mid-day trading on Friday . The company traded as high as $9.60 and last traded at $9.56. Approximately 67,644,569 shares were traded during trading, an increase of 151% from the average daily volume of 26,991,320 shares. The stock had previously closed at $7.96.

SoundHound AI News Summary

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

• Positive Sentiment: Intraday jump tied to broader voice-AI enthusiasm and “coattail” effects from Twilio-related news, which sent momentum into the voice/conversational AI group and helped lift SOUN. Why SoundHound AI Stock Jumped 17% Today
• Positive Sentiment: Unusually large options flow: traders bought ~145,384 call contracts (about +115% vs. normal), signaling aggressive bullish positioning that can amplify intraday moves and volume. (reported 5/1/2026)
• Positive Sentiment: Fundamental catalyst: Casey’s expanded rollout now covers >2,600 stores and 21M guest interactions for SoundHound’s ordering agents, and investors are watching the planned LivePerson acquisition and upcoming Q1 results — all potential drivers of faster revenue scale and deeper enterprise embedding. The Bull Case For SoundHound AI (SOUN) Could Change Following Expanded Casey’s Rollout And LivePerson Deal
• Positive Sentiment: Analyst/market optimism: coverage highlighting SOUN as a high-upside AI pick if its software expands into more industries adds to the bullish narrative and investor interest. 1 Genius AI Stock That Wall Street Thinks Could Double Your Money Within a Year
• Neutral Sentiment: Monthly performance context: a roundup comparing SoundHound with peers (Palantir, C3.ai) shows surprising April results for the AI cohort — useful context but not an immediate catalyst on its own. SoundHound, Palantir, or C3.ai: Which AI Stock Won April? The Answer Will Surprise You

Analysts Set New Price Targets

SOUN has been the topic of a number of recent research reports. Zacks Research raised shares of SoundHound AI from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Piper Sandler reaffirmed a “neutral” rating and set a $9.00 price target (down from $11.00) on shares of SoundHound AI in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SoundHound AI in a research note on Friday, January 9th. DA Davidson reaffirmed a “buy” rating and set a $14.00 price target on shares of SoundHound AI in a research note on Wednesday, April 22nd. Finally, HC Wainwright cut their price objective on shares of SoundHound AI from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.93.

SoundHound AI Price Performance

The firm has a market cap of $4.04 billion, a P/E ratio of -191.16 and a beta of 2.58. The stock’s 50-day simple moving average is $7.49 and its two-hundred day simple moving average is $10.49.

SoundHound AI (NASDAQ:SOUN) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). SoundHound AI had a negative net margin of 8.71% and a negative return on equity of 3.63%. The business had revenue of $55.06 million for the quarter, compared to analysts’ expectations of $53.88 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. The business’s revenue was up 59.4% compared to the same quarter last year. As a group, sell-side analysts expect that SoundHound AI, Inc. will post -0.34 earnings per share for the current year.

Insider Buying and Selling at SoundHound AI

In other SoundHound AI news, COO Michael Zagorsek sold 52,968 shares of the business’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $6.79, for a total transaction of $359,652.72. Following the transaction, the chief operating officer owned 1,734,491 shares in the company, valued at $11,777,193.89. The trade was a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Keyvan Mohajer sold 124,510 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $6.79, for a total transaction of $845,422.90. Following the completion of the transaction, the chief executive officer owned 2,073,777 shares in the company, valued at approximately $14,080,945.83. The trade was a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 307,973 shares of company stock valued at $2,091,110. Insiders own 8.84% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Danske Bank A S bought a new position in shares of SoundHound AI in the third quarter worth about $26,000. Financial Consulate Inc. bought a new position in shares of SoundHound AI in the third quarter worth about $32,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of SoundHound AI by 83.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,336 shares of the company’s stock worth $25,000 after purchasing an additional 1,060 shares during the last quarter. Dogwood Wealth Management LLC grew its holdings in shares of SoundHound AI by 152.1% in the fourth quarter. Dogwood Wealth Management LLC now owns 2,559 shares of the company’s stock worth $26,000 after purchasing an additional 1,544 shares during the last quarter. Finally, SHP Wealth Management bought a new position in shares of SoundHound AI in the fourth quarter worth about $27,000. 19.28% of the stock is currently owned by institutional investors.

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.