<div id="readability-page-1"><p>Shares of SoundHound AI, Inc. (NASDAQ:SOUN - Get Free Report) dropped 0.7% during trading on Wednesday . The company traded as low as $7.05 and last traded at $7.13. Approximately 6,369,548 shares traded hands during trading, a decline of 83% from the average daily volume of 37,868,196 shares. The stock had previously closed at $7.18.</p><div><p><span></span><span>Get <strong>SoundHound AI</strong> alerts:</span></p></div><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Can SoundHound AI Double? What the Fundamentals and Deals Reveal</li></ul><p>Several equities analysts recently commented on SOUN shares. Cantor Fitzgerald upgraded shares of SoundHound AI to a &#34;hold&#34; rating in a report on Monday, February 24th. HC Wainwright  reiterated a &#34;buy&#34; rating and issued a $26.00 price target on shares of SoundHound AI in a report on Monday, March 3rd. Wedbush boosted their price objective on SoundHound AI from $10.00 to $22.00 and gave the company an &#34;outperform&#34; rating in a report on Monday, December 16th. Northland Securities upped their price objective on SoundHound AI from $6.00 to $8.00 and gave the company a &#34;market perform&#34; rating in a research report on Tuesday, January 14th. Finally, DA Davidson lifted their target price on SoundHound AI from $9.50 to $13.00 and gave the stock a &#34;buy&#34; rating in a research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and three have issued  a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of &#34;Hold&#34; and an average price target of $12.86.</p><p><b>Get Our Latest Stock Report on SoundHound AI</b></p><h2>SoundHound AI Price Performance</h2><ul><li>2 Shorted Stocks Under Fire: Do Bulls or Bears Have It Right?</li></ul><p>The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.58 and a current ratio of 2.58. The firm has a fifty day simple moving average of $10.29 and a 200 day simple moving average of $10.77. The company has a market capitalization of $3.30 billion, a PE ratio of -23.00 and a beta of 2.73. </p><p>SoundHound AI (NASDAQ:SOUN - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.58). SoundHound AI had a negative net margin of 163.58% and a negative return on equity of 55.58%. The firm had revenue of $34.54 million for the quarter, compared to analysts' expectations of $33.70 million.  Equities analysts anticipate that  SoundHound AI, Inc. will post -0.38 EPS for the current year. </p><h2>Insider Activity</h2><ul><li>March’s Hottest Stocks: 5 Buys to Consider Now</li></ul><p>In related news, CTO Timothy Stonehocker sold 27,714 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $9.90, for a total transaction of $274,368.60. Following the sale, the chief technology officer now owns 768,867 shares of the company's stock, valued at $7,611,783.30. This trade represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available through this link. Also, VP Majid Emami sold 28,392 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $9.90, for a total transaction of $281,080.80. Following the completion of the transaction, the vice president now owns 669,834 shares of the company's stock, valued at $6,631,356.60. This represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 500,565 shares of company stock worth $4,999,726. Corporate insiders own  12.28% of the company's stock. </p><h2>Institutional Inflows and Outflows</h2><p>Institutional investors and hedge funds have recently modified their holdings of the company. Kieckhefer Group LLC purchased a new position in  SoundHound AI in the fourth quarter worth $3,432,000.  Oriental Harbor Investment Fund purchased a new position in  SoundHound AI during the 4th quarter worth $8,964,000.  Geode Capital Management LLC increased its position in  SoundHound AI by 9.1% during the 3rd quarter. Geode Capital Management LLC now owns 7,193,599 shares of the company's stock valued at $33,529,000 after buying an additional 602,311 shares in the last quarter.  Wealth Effects LLC purchased a new stake in  SoundHound AI in the fourth quarter valued at about $357,000.  Finally, Franklin Resources Inc. acquired a new stake in  SoundHound AI in the third quarter worth about $177,000. Hedge funds and other institutional investors own  19.28% of the company's stock. </p><h2>SoundHound AI Company Profile</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than SoundHound AI</li><li>How to Use the MarketBeat Dividend Calculator</li><li>JPMorgan is a Buy, if You Can Handle The Volatility </li><li>Top Stocks Investing in 5G Technology</li><li>United States Steel's Crash: An Unmissable Buying Opportunity</li><li>Breakout Stocks: What They Are and How to Identify Them</li><li>Rocket Lab Stock: Weathering the Storm, Time for a Comeback?</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in SoundHound AI Right Now?</h2><p>Before you consider SoundHound AI, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SoundHound AI wasn't on the list.</p><p>While SoundHound AI currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SOUN

<p>SoundHound AI (NASDAQ:SOUN) shares fell 0.7% to $7.13, with trading volume down 83% from average levels. Analysts have mixed ratings, with Cantor Fitzgerald upgrading to "hold" and HC Wainwright maintaining a "buy" with a $26 target. The company reported a quarterly EPS of ($0.69), missing estimates, and had a negative net margin of 163.58%. Insider selling was noted, with significant shares sold by CTO and VP. Institutional ownership stands at 19.28%.</p>

SoundHound AI (NASDAQ:SOUN) Stock Price Down 0.7% - Here's Why