--- title: "Weekly Recap | SoundHound AI -1.48%, merger vote delay lifts sentiment" type: "News" locale: "en" url: "https://longbridge.com/en/news/296670759.md" description: "SoundHound AI (SOUN) slipped 1.48% this week to close at $7.32, marginally underperforming the S&P 500’s 1.43% decline. The stock traced a sharp V-shaped pattern across the five sessions. Monday (17 Aug) opened under pressure and fell 5.18% to $7.04, touching an intraday low of $6.92. Selling continued into Tuesday (18 Aug), dragging the price to the weekly low of $6.85 before a late recovery trimmed the loss to $6.99. Midweek sentiment shifted, with Wednesday (19 Aug) rallying 2." datetime: "2026-08-22T05:43:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296670759.md) - [en](https://longbridge.com/en/news/296670759.md) - [zh-HK](https://longbridge.com/zh-HK/news/296670759.md) generator: "portal-rs" --- # Weekly Recap | SoundHound AI -1.48%, merger vote delay lifts sentiment ## The Week SoundHound AI (SOUN) slipped 1.48% this week to close at $7.32, marginally underperforming the S&P 500’s 1.43% decline. The stock traced a sharp V-shaped pattern across the five sessions. Monday (17 Aug) opened under pressure and fell 5.18% to $7.04, touching an intraday low of $6.92. Selling continued into Tuesday (18 Aug), dragging the price to the weekly low of $6.85 before a late recovery trimmed the loss to $6.99. Midweek sentiment shifted, with Wednesday (19 Aug) rallying 2.43% to $7.16. The rebound gathered pace on Friday (21 Aug), when the stock rallied to the weekly high of $7.32, virtually erasing all earlier losses. Volume averaged roughly 28m shares per day, about 4.4% below the 60-day median, suggesting a cautious tone. The weekly range was 7.49%. ## Key Events The proposed merger with LivePerson (LPSN) was the sole driver of the week’s narrative. Early in the week, a surge in put options—some spiking 122%—pointed to heightened hedging activity as the stock sold off. LivePerson shareholders were urged to vote ‘FOR’ the SoundHound transaction ahead of the 20 Aug special meeting. By Thursday, LivePerson announced an adjournment of that meeting, and on Friday, reminded investors of the additional time to cast their votes. The week ended with the announcement that the shareholder vote deadline has been pushed to 2 Sept. Each twist in the merger timeline moved the stock, with the initial uncertainty giving way to cautious relief as the runway for the deal was extended. ## Analyst Ratings Eight analysts currently cover SoundHound AI: six rate it a buy and two rate it hold, with no sell or underweight ratings. The consensus recommendation is ‘buy’ and the consensus target price is $12.71, implying roughly 73.7% upside from the latest close of $7.32. The target range, however, is unusually wide—from a low of $7.00 to a high of $17.00—signalling deep disagreement among brokers about fair value. Within the application software industry, SoundHound ranks 83rd out of 198 names, placing it in the upper-middle tier. ## The Week Ahead The merger remains the central story. With the LivePerson vote deadline now set for 2 Sept, any fresh headlines on shareholder sentiment or voting progress could trigger sharp moves. On the macro side, Tuesday (25 Aug) brings a wave of US data: FHFA and Case-Shiller home-price indices, consumer confidence, and new-home sales. These prints will shape the broader risk appetite, which matters for a growth name like SoundHound still trading on narrative rather than earnings. ## In Short SoundHound’s week was a case study in merger-driven trading. The early sell-off reflected anxiety over a tight vote timeline; the late-week snap-back followed the extension of that deadline, giving the bulls more room to operate. The analyst community is broadly constructive—six buys, two holds, a consensus target well above spot—yet the wide spread in price targets underscores the difficulty of pinning a value on a pre-revenue AI story. On the latest trading day, large-lot money was a net seller while medium and small orders were net buyers, a split that adds to the picture of tactical positioning rather than conviction. The PB ratio sits at about 6.6x, and the company remains unprofitable on a trailing basis. The next catalyst is clear: the merger vote. Until then, macro data may stir short-term gyrations in growth-stock sentiment. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [SOUN.US](https://longbridge.com/en/quote/SOUN.US.md) ## Related News & Research - [LivePerson Announces Adjournment of Special Meeting of Stockholders | LPSN Stock News](https://longbridge.com/en/news/296516422.md) - [SOUN Stock Price Outlook: What Technical Analysis Says Right Now](https://longbridge.com/en/news/295560986.md) - [Why portfolio managers struggle to beat the market](https://longbridge.com/en/news/296387594.md) - [SoundHound AI Q2 revenue jumps on enterprise AI deals, raises outlook](https://longbridge.com/en/news/295007431.md) - [This $8 Stock Could Be Your Ticket to Millionaire Status](https://longbridge.com/en/news/287495214.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**