FY2025 EPS Estimate for SoundHound AI Decreased by Analyst

SoundHound AI, Inc. (NASDAQ:SOUN) – Equities research analysts at HC Wainwright dropped their FY2025 earnings per share estimates for SoundHound AI in a research note issued on Monday, March 3rd. HC Wainwright analyst S. Buck now forecasts that the company will post earnings of ($0.32) per share for the year, down from their prior forecast of ($0.26). HC Wainwright currently has a “Buy” rating and a $26.00 price objective on the stock. The consensus estimate for SoundHound AI’s current full-year earnings is ($0.38) per share.

SoundHound AI (NASDAQ:SOUN) last released its earnings results on Thursday, February 27th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.58). SoundHound AI had a negative return on equity of 55.58% and a negative net margin of 163.58%. The company had revenue of $34.54 million during the quarter, compared to the consensus estimate of $33.70 million.

Several other brokerages also recently weighed in on SOUN. Northland Securities lifted their target price on SoundHound AI from $6.00 to $8.00 and gave the company a “market perform” rating in a research note on Tuesday, January 14th. DA Davidson lifted their target price on SoundHound AI from $9.50 to $13.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Wedbush lifted their target price on SoundHound AI from $10.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Barclays reaffirmed a “neutral” rating and set a $7.00 target price on shares of SoundHound AI in a research note on Wednesday, November 13th. Finally, Cantor Fitzgerald raised SoundHound AI to a “hold” rating in a report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.86.

SoundHound AI Trading Up 4.4 %

SoundHound AI stock opened at $10.15 on Thursday. The firm’s 50-day moving average is $14.58 and its 200-day moving average is $10.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.58 and a current ratio of 2.58. SoundHound AI has a 1 year low of $3.50 and a 1 year high of $24.98. The company has a market cap of $3.99 billion, a P/E ratio of -28.19 and a beta of 2.56.

Insider Buying and Selling

In related news, insider James Ming Hom sold 36,771 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $20.30, for a total transaction of $746,451.30. Following the transaction, the insider now directly owns 718,040 shares of the company’s stock, valued at approximately $14,576,212. This trade represents a 4.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Majid Emami sold 37,459 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $20.30, for a total transaction of $760,417.70. Following the completion of the sale, the vice president now directly owns 698,226 shares of the company’s stock, valued at $14,173,987.80. This represents a 5.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,524,960 shares of company stock worth $42,945,727 in the last ninety days. 12.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SoundHound AI

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of SoundHound AI by 35.6% during the 4th quarter. Vanguard Group Inc. now owns 32,031,662 shares of the company’s stock worth $635,508,000 after buying an additional 8,402,881 shares during the last quarter. Geode Capital Management LLC raised its position in shares of SoundHound AI by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 7,509,496 shares of the company’s stock worth $149,024,000 after acquiring an additional 315,897 shares during the last quarter. State Street Corp lifted its position in shares of SoundHound AI by 0.6% in the 3rd quarter. State Street Corp now owns 7,197,414 shares of the company’s stock worth $33,540,000 after purchasing an additional 42,869 shares during the period. Northern Trust Corp boosted its position in SoundHound AI by 10.0% during the fourth quarter. Northern Trust Corp now owns 2,906,245 shares of the company’s stock valued at $57,660,000 after acquiring an additional 264,382 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of SoundHound AI by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,725,693 shares of the company’s stock valued at $54,078,000 after purchasing an additional 143,487 shares during the period. Institutional investors own 19.28% of the company’s stock.

About SoundHound AI

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.