SoundHound AI (NASDAQ:SOUN) Stock Price Down 1.6% – What’s Next?

09 Oct 2026, 19:01 by Tristan Rich · The Markets Daily

SoundHound AI, Inc. (NASDAQ:SOUN – Get Free Report)’s share price fell 1.6% on Wednesday. The stock traded as low as $5.60 and last traded at $5.63. 14,499,866 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 27,377,172 shares. The stock had previously closed at $5.72.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SOUN shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of SoundHound AI in a report on Friday, September 11th. Piper Sandler cut their target price on shares of SoundHound AI from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 22nd. DA Davidson reduced their price objective on SoundHound AI from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Wall Street Zen lowered shares of SoundHound AI from a “sell” rating to a “strong sell” rating in a report on Saturday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.75.

Get Our Latest Stock Report on SoundHound AI

SoundHound AI Stock Performance

The stock has a market cap of $2.40 billion, a P/E ratio of -14.25 and a beta of 2.73. The business has a 50 day simple moving average of $6.56 and a 200-day simple moving average of $7.03.

SoundHound AI (NASDAQ:SOUN – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.11. SoundHound AI had a negative net margin of 67.45% and a negative return on equity of 30.22%. The company had revenue of $61.90 million for the quarter, compared to the consensus estimate of $52.38 million. During the same period in the previous year, the firm earned ($0.19) EPS. The firm’s quarterly revenue was up 45.0% on a year-over-year basis. On average, sell-side analysts predict that SoundHound AI, Inc. will post -0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Keyvan Mohajer sold 137,290 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $6.33, for a total transaction of $869,045.70. Following the sale, the chief executive officer owned 3,684,947 shares of the company’s stock, valued at approximately $23,325,714.51. This represents a 3.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider James Hom sold 38,730 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $6.33, for a total transaction of $245,160.90. Following the completion of the transaction, the insider directly owned 1,105,555 shares in the company, valued at approximately $6,998,163.15. The trade was a 3.38% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 288,758 shares of company stock worth $1,828,598. Insiders own 8.84% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Swiss National Bank raised its position in SoundHound AI by 3.7% during the first quarter. Swiss National Bank now owns 767,100 shares of the company’s stock valued at $5,270,000 after purchasing an additional 27,300 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of SoundHound AI by 25.0% during the first quarter. California State Teachers Retirement System now owns 440,023 shares of the company’s stock valued at $3,023,000 after acquiring an additional 87,998 shares during the last quarter. Virtu Financial LLC raised its position in SoundHound AI by 43.9% during the 4th quarter. Virtu Financial LLC now owns 219,773 shares of the company’s stock valued at $2,191,000 after purchasing an additional 67,088 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of SoundHound AI by 3.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 179,327 shares of the company’s stock valued at $1,788,000 after acquiring an additional 6,096 shares in the last quarter. Finally, AXQ Capital LP lifted its stake in SoundHound AI by 395.6% in the second quarter. AXQ Capital LP now owns 254,744 shares of the company’s stock worth $1,648,000 after acquiring an additional 203,345 shares during the period. Hedge funds and other institutional investors own 19.28% of the company’s stock.

SoundHound AI Company Profile

(Get Free Report)

SoundHound AI, Inc develops voice artificial intelligence technologies that enable people to interact with products and services using natural language. Its platform is designed to understand conversational speech, answer questions, and support voice-enabled experiences across automotive, restaurant, consumer electronics and other industries.