SoundHound AI
SOUN

$4.35

3.57%

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

Information Technology Prepackaged Software

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 5 analysts

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

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Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$6

38%

upside

Avg. target

$7.20

66%

upside

High target

$9

107%

upside

5 analyst ratings

4 positive

80%

1 neutral

20%

0 negative

0%

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

See Analyst Rankings

Financial journalist opinion

Based on 51 articles about SOUN published over the past 30 days

Zacks Investment Research

SoundHound AI, Inc. (SOUN) is Attracting Investor Attention: Here is What You Should Know

Zacks.com users have recently been watching SoundHound AI (SOUN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

SoundHound AI, Inc. (SOUN) is Attracting Investor Attention: Here is What You Should Know

The Motley Fool

Better AI Stock: SoundHound AI vs. Snowflake

SoundHound AI expects its growth to accelerate again. Snowflake's growth is cooling off as it faces an uncertain future.

Better AI Stock: SoundHound AI vs. Snowflake

SoundHound Chat AI Automotive Introduces New Tools for Advanced Voice Assistant Customization

SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #AutoTech--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced its SoundHound Chat AI voice assistant has launched new customization tools to help transform how automotive brands interact with their customers within the vehicle. The new features are currently being piloted with some of SoundHound's OEM partners. In addition to the core features offered from SoundHound Chat AI's best-in-class voice assistant – which int.

SoundHound Chat AI Automotive Introduces New Tools for Advanced Voice Assistant Customization

The Motley Fool

2 AI Stocks to Buy Before They Soar 96% and 205%, According to Select Wall Street Analysts (Hint: Not Nvidia)

SoundHound AI is well-positioned to rapidly expand its presence in the conversational AI market. Increasing focus on cost optimization can help boost Symbotic's margins in the coming quarters.

2 AI Stocks to Buy Before They Soar 96% and 205%, According to Select Wall Street Analysts (Hint: Not Nvidia)

SoundHound AI: More Compelling After The Acquisitions - Upgrade To Speculative Buy

SOUN's stock remains speculative due to its nascent start-up stage, numerous acquisitions, equity dilution, and impacted profit margins. Despite the growing multi-year backlog, the SaaS company's deteriorating gross margins (from the acquisitions) highlight its lack of operating scale. Even so, SOUN's acquisitions already trigger the near tripling of its TAM by 2026, with it likely to flow into its long-term top/ bottom-line prospects.

SoundHound AI: More Compelling After The Acquisitions - Upgrade To Speculative Buy

SoundHound AI: A Breakout Rally Appears Imminent

SoundHound AI is expanding into enterprise verticals, capitalizing on its recent Amelia acquisition to target new markets. SoundHound's upgraded revenue guidance demonstrates its ability to monetize and scale further. Given its unprofitability, the company must continue to improve its adoption and penetrate more commercial markets.

SoundHound AI: A Breakout Rally Appears Imminent

The Motley Fool

Here's My Top AI Growth Stock to Buy Right Now

SoundHound AI is securing mainstream partnerships for its speech recognition software. The company could be on track to develop a voice AI ecosystem.

Here's My Top AI Growth Stock to Buy Right Now

The Motley Fool

2 AI Stocks to Buy Before It's Too Late

Demand for AI voice assistance is booming, and SoundHound AI can help investors profit. AMD is a great stock to profit from the growing demand for AI chips in data centers.

2 AI Stocks to Buy Before It's Too Late

SoundHound AI To Participate in Investor Events in September

SANTA CLARA, Calif.--(BUSINESS WIRE)--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, announced today that it will participate in the following investor events in September: Nitesh Sharan, CFO of SoundHound, will participate at the H.C. Wainwright Annual Global Investment Conference in New York. The presentation will be broadcast live at 10:30am PT/1:30pm ET on September 9. You can register to view here. Nitesh Sharan, CFO of SoundHound, will participate at.

SoundHound AI To Participate in Investor Events in September

The Motley Fool

Nvidia's Strategic Investment Signals High Potential in this Emerging Artificial Intelligence (AI) Company

SoundHound AI and Nvidia are partners on a project. SoundHound's audio recognition software is currently being used in two main areas.

Nvidia's Strategic Investment Signals High Potential in this Emerging Artificial Intelligence (AI) Company

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