SoundHound AISOUN
Market Cap: $1.57B
About: SoundHound AI Inc is an innovator of conversational intelligence, offering an independent Voice AI platform that enables businesses across industries to deliver high-quality conversational experiences to customers.
Employees: 260
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
115% more repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 47
54% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 48
11% more funds holding
Funds holding: 240 [Q1] → 266 (+26) [Q2]
5.6% more ownership
Funds ownership: 24.76% [Q1] → 30.36% (+5.6%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
17% less capital invested
Capital invested by funds: $429M [Q1] → $356M (-$73.2M) [Q2]
38% less call options, than puts
Call options by funds: $16.5M | Put options by funds: $26.6M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
HC Wainwright & Co. Scott Buck 24% 1-year accuracy 22 / 91 met price target | 61%upside $7 | Buy Reiterated | 12 Aug 2024 |
Northland Capital Markets Michael Latimore 35% 1-year accuracy 6 / 17 met price target | 38%upside $6 | Market Perform Maintained | 9 Aug 2024 |
Wedbush Daniel Ives 61% 1-year accuracy 83 / 137 met price target | 107%upside $9 | Outperform Reiterated | 9 Aug 2024 |
Cantor Fitzgerald Brett Knoblauch 27% 1-year accuracy 22 / 81 met price target | 61%upside $7 | Overweight Upgraded | 9 Aug 2024 |
HC Wainwright & Co. Scott Buck 24% 1-year accuracy 22 / 91 met price target | 61%upside $7 | Buy Reiterated | 29 Jul 2024 |
Financial journalist opinion
Based on 51 articles about SOUN published over the past 30 days