DA Davidson 的分析师表示，SoundHound AI（NASDAQ:SOUN）的股价预计将会上涨

SoundHound AI (NASDAQ:SOUN - Get Free Report) had its price objective raised by research analysts at DA Davidson from $15.00 to $17.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's price objective points to a potential upside of 17.88% from the stock's current price.

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A number of other research analysts also recently weighed in on SOUN. LADENBURG THALM/SH SH upgraded shares of SoundHound AI from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $9.00 to $16.00 in a research report on Monday, August 11th. Northland Securities upgraded shares of SoundHound AI from a "market perform" rating to an "outperform" rating and set a $14.50 price target for the company in a research report on Friday, August 8th. Northland Capmk upgraded shares of SoundHound AI from a "hold" rating to a "strong-buy" rating in a report on Friday, August 8th. Piper Sandler reaffirmed a "neutral" rating and set a $12.00 price target on shares of SoundHound AI in a research note on Monday, July 14th. Finally, Wall Street Zen downgraded shares of SoundHound AI from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, SoundHound AI has a consensus rating of "Moderate Buy" and a consensus target price of $14.36.

Check Out Our Latest Research Report on SoundHound AI

SoundHound AI Stock Down 2.9%

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NASDAQ:SOUN traded down $0.43 during midday trading on Wednesday, hitting $14.42. The company had a trading volume of 22,059,840 shares, compared to its average volume of 43,363,141. The company has a market capitalization of $5.88 billion, a PE ratio of -22.87 and a beta of 2.58. The stock's fifty day moving average price is $12.54 and its 200-day moving average price is $10.50. SoundHound AI has a 52-week low of $4.45 and a 52-week high of $24.98.

SoundHound AI (NASDAQ:SOUN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). SoundHound AI had a negative net margin of 171.81% and a negative return on equity of 73.13%. The firm had revenue of $42.68 million for the quarter, compared to analysts' expectations of $32.88 million. During the same quarter in the previous year, the company earned ($0.11) EPS. The company's quarterly revenue was up 216.3% compared to the same quarter last year. SoundHound AI has set its FY 2025 guidance at EPS. As a group, research analysts forecast that SoundHound AI will post -0.38 earnings per share for the current year.

Insider Transactions at SoundHound AI

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In other news, CEO Keyvan Mohajer sold 254,376 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $9.36, for a total transaction of $2,380,959.36. Following the completion of the transaction, the chief executive officer owned 1,749,790 shares of the company's stock, valued at approximately $16,378,034.40. This trade represents a 12.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael Zagorsek sold 117,180 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $9.36, for a total transaction of $1,096,804.80. Following the completion of the sale, the chief operating officer owned 1,346,455 shares of the company's stock, valued at $12,602,818.80. The trade was a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 780,965 shares of company stock worth $7,350,999. 9.17% of the stock is owned by insiders.

Hedge Funds Weigh In On SoundHound AI

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its holdings in SoundHound AI by 14.0% in the 2nd quarter. Osaic Holdings Inc. now owns 498,691 shares of the company's stock worth $5,351,000 after purchasing an additional 61,212 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of SoundHound AI during the second quarter valued at approximately $157,000. Newbridge Financial Services Group Inc. grew its holdings in shares of SoundHound AI by 6.3% in the second quarter. Newbridge Financial Services Group Inc. now owns 31,050 shares of the company's stock valued at $333,000 after purchasing an additional 1,850 shares in the last quarter. Marex Group plc purchased a new position in SoundHound AI during the second quarter worth $3,728,000. Finally, Tyler Stone Wealth Management lifted its position in shares of SoundHound AI by 20.7% during the second quarter. Tyler Stone Wealth Management now owns 32,190 shares of the company's stock worth $345,000 after purchasing an additional 5,510 shares during the last quarter. Hedge funds and other institutional investors own 19.28% of the company's stock.

SoundHound AI Company Profile

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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