<div id="readability-page-1"><p><span>SoundHound AI (NASDAQ:SOUN - Get Free Report)</span> 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 &#34;buy&#34; rating on the stock. DA Davidson's price objective points to a potential upside of 17.88% from the stock's current price.</p><ul><li>5 High Short-Interest Stocks to Buy Before November</li></ul><p>A number of other research analysts also recently weighed in on SOUN. LADENBURG THALM/SH SH upgraded shares of SoundHound AI from a &#34;neutral&#34; rating to a &#34;buy&#34; 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 &#34;market perform&#34; rating to an &#34;outperform&#34; 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 &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Friday, August 8th. Piper Sandler  reaffirmed a &#34;neutral&#34; 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 &#34;hold&#34; rating to a &#34;sell&#34; 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 &#34;Moderate Buy&#34; and a consensus target price of $14.36.</p><div><p><span></span><span>Get <strong>SoundHound AI</strong> alerts:</span></p></div><p><b>Check Out Our Latest Research Report on SoundHound AI</b></p><h2>SoundHound AI Stock Down 2.9%</h2><ul><li>Why SoundHound AI's Earnings Show the Stock Can Move Higher</li></ul><p>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. </p><p>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. </p><h2>Insider Transactions at SoundHound AI</h2><ul><li>5 Stocks to Buy in August With Tremendous Upside Potential</li></ul><p>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 &amp; 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. </p><h2>Hedge Funds Weigh In On SoundHound AI</h2><p>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. </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>What Investors Must Know About Over-the-Counter (OTC) Stocks</li><li>The Utilities Stock at the Center of AI and Rising Electric Bills</li><li>3 Grocery Stocks That Are Proving They Are Still Essential </li><li>Oracle Has Spoken: AI Changes Everything</li><li>Best ESG Stocks: 11 Best Stocks for ESG Investing</li><li>Beyond DIY: Home Depot's Conquest of the Professional Market</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U09VTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.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>DA Davidson has raised its target price for SoundHound AI (NASDAQ:SOUN) from $15.00 to $17.00, maintaining a "buy" rating. This suggests a potential upside of 17.88% from the current price. Other analysts have also upgraded their ratings, with a consensus rating of "Moderate Buy" and a target price of $14.36. Despite a recent drop in stock price, SoundHound AI reported a significant revenue increase of 216.3% year-over-year, although it missed EPS estimates. Insider selling has been noted, with key executives reducing their holdings.</p>

SoundHound AI (NASDAQ:SOUN) Stock Price Expected to Rise, DA Davidson Analyst Says