<div id="readability-page-1"><p>Driehaus Capital Management LLC lifted its stake in shares of  SoundHound AI, Inc. (NASDAQ:SOUN - Free Report) by 20.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities &amp; Exchange Commission. The institutional investor  owned 998,481 shares of the company's stock after acquiring an additional 170,786 shares during the quarter. Driehaus Capital Management LLC owned 0.25% of SoundHound AI worth $8,108,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>SoundHound AI</strong> alerts:</span></p></div><ul><li>5 High Short-Interest Stocks to Buy Before November</li></ul><p>Other large investors have also modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of  SoundHound AI during the 1st quarter worth $2,395,000.  Carnegie Investment Counsel boosted its stake in shares of  SoundHound AI by 8.9% during the 1st quarter. Carnegie Investment Counsel now owns 1,069,860 shares of the company's stock worth $8,131,000 after acquiring an additional 87,810 shares in the last quarter.  Liontrust Investment Partners LLP bought a new stake in shares of  SoundHound AI during the 1st quarter worth $1,639,000.  Thoroughbred Financial Services LLC boosted its position in shares of  SoundHound AI by 38.4% in the first quarter. Thoroughbred Financial Services LLC now owns 113,475 shares of the company's stock worth $921,000 after buying an additional 31,500 shares during the period.  Finally, Nuveen LLC purchased a new position in shares of  SoundHound AI during the first quarter valued at $7,406,000. 19.28% of the stock is owned by institutional investors. </p><h2>Insider Buying and Selling</h2><p>In other SoundHound AI news, CTO Timothy Stonehocker sold 2,981 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $9.68, for a total value of $28,856.08. Following the completion of the sale, the chief technology officer owned 716,866 shares of the company's stock, valued at $6,939,262.88. The trade was a 0.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is available at this hyperlink. Also, Director Diana Sroka sold 2,800 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $9.94, for a total value of $27,832.00. Following the completion of the sale, the director directly owned 153,949 shares of the company's stock, valued at $1,530,253.06. This represents a 1.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 913,317 shares of company stock valued at $8,679,813. 9.17% of the stock is owned by corporate insiders. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Why SoundHound AI's Earnings Show the Stock Can Move Higher</li></ul><p>A number of research analysts have recently weighed in on SOUN shares. HC Wainwright lowered their price target on SoundHound AI from $26.00 to $18.00 and set a &#34;buy&#34; rating on the stock in a report on Monday, May 12th. Northland Securities upgraded SoundHound AI from a &#34;market perform&#34; rating to an &#34;outperform&#34; rating and set a $14.50 price target on the stock in a report on Friday, August 8th. Wedbush lifted their price target on SoundHound AI from $15.00 to $16.00 and gave the company an &#34;outperform&#34; rating in a report on Friday, August 8th. Northland Capmk upgraded SoundHound AI from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Friday, August 8th. Finally, LADENBURG THALM/SH SH upgraded SoundHound AI from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and lifted their price target for the company from $9.00 to $16.00 in a report on Monday, August 11th. One equities research analyst  has rated the stock with a Strong Buy rating, five have assigned  a Buy rating and three have issued  a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $13.36.</p><p><b>Read Our Latest Stock Report on SoundHound AI</b></p><h2>SoundHound AI Trading Up 3.9%</h2><ul><li>5 Stocks to Buy in August With Tremendous Upside Potential</li></ul><p>SOUN opened at $13.02 on Friday. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of -20.67 and a beta of 2.57. SoundHound AI, Inc. has a 1 year low of $4.32 and a 1 year high of $24.98. The stock has a fifty day moving average price of $12.00 and a 200 day moving average price of $10.39. </p><p>SoundHound AI (NASDAQ:SOUN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). The firm had revenue of $42.68 million for the quarter, compared to analyst estimates of $32.88 million. SoundHound AI had a negative net margin of 171.81% and a negative return on equity of 73.13%. SoundHound AI's revenue for the quarter was up 216.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) EPS.  SoundHound AI has set its FY 2025 guidance at  EPS. As a group, sell-side analysts forecast that  SoundHound AI, Inc. will post -0.38 earnings per share for the current fiscal year. </p><h2>About SoundHound AI</h2> (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>Featured Articles</h2><ul><li>Five stocks we like better than SoundHound AI</li><li>Why Are Stock Sectors Important to Successful Investing?</li><li>DICKS’s Sporting Goods Stock Dropped After Earnings—Is It a Buy?</li><li>Retail Stocks Investing, Explained</li><li>Engines to AI: Cummins’ Surprising Growth Driver</li><li>Are Penny Stocks a Good Fit for Your Portfolio?</li><li>Smaller Industrials Names Seeing Surging Growth: Here's Why</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U09VTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U09VTg"/></p><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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SOUN

<p>Driehaus Capital Management LLC increased its stake in SoundHound AI, Inc. (NASDAQ:SOUN) by 20.6% in Q1, now owning 998,481 shares valued at $8.1 million. Other investors also adjusted their holdings. Insider sales included CTO Timothy Stonehocker and Director Diana Sroka. Analysts have mixed ratings on SOUN, with price targets ranging from $9.00 to $26.00. The stock opened at $13.02, with a market cap of $5.31 billion and a 1-year range of $4.32 to $24.98.</p>

SoundHound AI, Inc. $SOUN Stock Position Raised by Driehaus Capital Management LLC