SoundHound AI (NASDAQ:SOUN) Trading 5.9% Higher – Here’s What Happened

28 May 2026, 17:20 by Doug Wharley · The Cerbat Gem

SoundHound AI, Inc. (NASDAQ:SOUN – Get Free Report) rose 5.9% during trading on Thursday . The stock traded as high as $8.78 and last traded at $8.56. Approximately 27,899,780 shares traded hands during trading, an increase of 2% from the average daily volume of 27,399,365 shares. The stock had previously closed at $8.08.

Wall Street Analysts Forecast Growth

SOUN has been the topic of several analyst reports. Zacks Research upgraded SoundHound AI from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. DA Davidson reiterated a “buy” rating and set a $14.00 price target on shares of SoundHound AI in a report on Wednesday, April 22nd. Piper Sandler reiterated a “neutral” rating and set a $9.00 price target (down from $11.00) on shares of SoundHound AI in a report on Friday, February 27th. LADENBURG THALM/SH SH upgraded SoundHound AI to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, HC Wainwright reduced their price target on SoundHound AI from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.93.

Get Our Latest Stock Analysis on SoundHound AI

SoundHound AI Stock Up 5.9%

The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of -18.21 and a beta of 2.58. The business’s 50-day simple moving average is $7.63 and its two-hundred day simple moving average is $9.30.

SoundHound AI (NASDAQ:SOUN – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). SoundHound AI had a negative net margin of 91.84% and a negative return on equity of 40.15%. The company had revenue of $44.20 million for the quarter, compared to analyst estimates of $42.56 million. During the same quarter in the prior year, the business earned ($0.06) earnings per share. SoundHound AI’s revenue was up 51.7% on a year-over-year basis. Sell-side analysts anticipate that SoundHound AI, Inc. will post -0.43 earnings per share for the current year.

Insider Buying and Selling at SoundHound AI

In other SoundHound AI news, COO Michael Zagorsek sold 52,968 shares of SoundHound AI stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $6.79, for a total transaction of $359,652.72. Following the completion of the sale, the chief operating officer directly owned 1,734,491 shares in the company, valued at $11,777,193.89. This trade represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Majid Emami sold 31,019 shares of SoundHound AI stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $6.79, for a total transaction of $210,619.01. Following the sale, the senior vice president owned 501,826 shares of the company’s stock, valued at approximately $3,407,398.54. This represents a 5.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 307,973 shares of company stock valued at $2,091,110. 8.84% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SoundHound AI

A number of institutional investors have recently made changes to their positions in the stock. Verus Capital Partners LLC acquired a new stake in shares of SoundHound AI during the first quarter valued at about $71,000. Amundi increased its stake in SoundHound AI by 112.4% during the first quarter. Amundi now owns 24,046 shares of the company’s stock worth $165,000 after purchasing an additional 12,725 shares during the period. California State Teachers Retirement System increased its stake in SoundHound AI by 25.0% during the first quarter. California State Teachers Retirement System now owns 440,023 shares of the company’s stock worth $3,023,000 after purchasing an additional 87,998 shares during the period. Empowered Funds LLC increased its stake in SoundHound AI by 19.6% during the first quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock worth $95,000 after purchasing an additional 2,277 shares during the period. Finally, Quantinno Capital Management LP increased its stake in SoundHound AI by 85.7% during the first quarter. Quantinno Capital Management LP now owns 84,594 shares of the company’s stock worth $581,000 after purchasing an additional 39,028 shares during the period. 19.28% of the stock is currently owned by institutional investors and hedge funds.

About SoundHound AI

(Get Free Report)

SoundHound AI, Inc is a voice AI and conversational intelligence company specializing in speech recognition, natural language understanding and sound identification technologies. Founded in 2005 and headquartered in Santa Clara, California, the company initially gained recognition with its music discovery app before pivoting to enterprise-grade voice AI solutions. Over the years, SoundHound AI has built a comprehensive platform that enables developers and businesses to embed conversational intelligence into a wide range of products and services.