SoundHound AI (NASDAQ:SOUN) Shares Up 2.8% After Analyst Upgrade

Shares of SoundHound AI, Inc. (NASDAQ:SOUN) were up 2.8% during trading on Thursday after LADENBURG THALM/SH SH upgraded the stock to a strong-buy rating. The company traded as high as $9.72 and last traded at $9.63. Approximately 46,237,329 shares changed hands during trading, an increase of 68% from the average daily volume of 27,560,289 shares. The stock had previously closed at $9.37.

Other analysts also recently issued reports about the stock. Zacks Research upgraded shares of SoundHound AI from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Piper Sandler restated a “neutral” rating and set a $9.00 price target (down from $11.00) on shares of SoundHound AI in a research report on Friday, February 27th. HC Wainwright dropped their price target on shares of SoundHound AI from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of SoundHound AI in a research report on Friday, January 9th. Finally, DA Davidson restated a “buy” rating and set a $14.00 price target on shares of SoundHound AI in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.93.

Insiders Place Their Bets

In related news, insider James Ming Hom sold 31,019 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $6.79, for a total value of $210,619.01. Following the sale, the insider directly owned 772,364 shares in the company, valued at $5,244,351.56. The trade was a 3.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Nitesh Sharan sold 44,027 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $6.79, for a total transaction of $298,943.33. Following the completion of the sale, the chief financial officer owned 1,661,121 shares in the company, valued at $11,279,011.59. The trade was a 2.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 307,973 shares of company stock worth $2,091,110. Company insiders own 8.84% of the company’s stock.

SoundHound AI News Summary

Here are the key news stories impacting SoundHound AI this week:

• Positive Sentiment: Launched OASYS, a self-learning “agentic” AI platform that lets AI autonomously build and manage other agents — positions SoundHound as a more enterprise-focused provider of conversational/voice AI and packages recent acquisitions into a single platform, a clear revenue-growth narrative for investors. SoundHound AI (SOUN) Launches OASYS Self-Learning AI Agent Platform
• Positive Sentiment: Broker upgrade to “strong-buy” from Ladenburg Thalm/SH may attract more buy-side interest and flows into the stock. Zacks Coverage
• Positive Sentiment: Signed a non?binding LOI with Richtech Robotics to integrate SoundHound’s voice/agent AI into live, voice-enabled robotic beverage demos — potential commercial use-case and cross-selling opportunity in hospitality/retail automation. Richtech Robotics and SoundHound AI to Debut Live, Voice-Enabled Robotic Beverage Experience
• Neutral Sentiment: Q1 earnings preview coverage highlights an upcoming report that could reset sentiment; prior quarterly results showed revenue acceleration and an EPS in line with estimates, so investors will watch guidance and bookings. SoundHound AI Inc (SOUN) Q1 2026 Earnings Report Preview: What To Look For
• Neutral Sentiment: Industry coverage (trade press) is amplifying the OASYS narrative and enterprise use cases (payments, c-store, hospitality), which supports the medium-term growth story but doesn’t guarantee near-term revenue recognition. The AI Upload: Verifone Adapts AI for Fuel and C-Store Merchants; SoundHound AI Debuts an Agentic Platform
• Negative Sentiment: Some outlets note a share-price pullback despite the OASYS debut, suggesting profit-taking or skepticism about near-term monetization; high intraday volume and a wide trading range increase short-term volatility risk. SoundHound AI (SOUN) Stock Drops 3.17% Despite New OASYS Platform Debut

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of SoundHound AI by 83.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,336 shares of the company’s stock worth $25,000 after acquiring an additional 1,060 shares in the last quarter. Dogwood Wealth Management LLC increased its position in shares of SoundHound AI by 152.1% in the fourth quarter. Dogwood Wealth Management LLC now owns 2,559 shares of the company’s stock worth $26,000 after acquiring an additional 1,544 shares in the last quarter. Danske Bank A S purchased a new position in shares of SoundHound AI in the third quarter worth approximately $26,000. SHP Wealth Management purchased a new position in SoundHound AI during the fourth quarter valued at approximately $27,000. Finally, Bogart Wealth LLC grew its position in SoundHound AI by 242.4% during the third quarter. Bogart Wealth LLC now owns 2,825 shares of the company’s stock valued at $45,000 after purchasing an additional 2,000 shares in the last quarter. 19.28% of the stock is owned by hedge funds and other institutional investors.

SoundHound AI Stock Up 2.8%

The stock’s 50-day moving average is $7.54 and its 200 day moving average is $10.25. The stock has a market capitalization of $4.07 billion, a PE ratio of -192.56 and a beta of 2.58.

SoundHound AI (NASDAQ:SOUN) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). SoundHound AI had a negative net margin of 8.71% and a negative return on equity of 3.63%. The company had revenue of $44.20 million for the quarter, compared to analysts’ expectations of $42.56 million. As a group, equities research analysts forecast that SoundHound AI, Inc. will post -0.36 EPS for the current year.

About SoundHound AI

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.

The company’s core offering is the Houndify voice AI platform, which provides customizable speech-to-meaning technology, domain-specific natural language understanding and text-to-speech capabilities.