Cantor Fitzgerald Has Lowered Expectations for SoundHound AI (NASDAQ:SOUN) Stock Price

SoundHound AI (NASDAQ:SOUN) had its price objective lowered by analysts at Cantor Fitzgerald from $15.00 to $10.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald‘s price target would indicate a potential upside of 134.74% from the company’s previous close.

A number of other research analysts also recently weighed in on SOUN. Piper Sandler lowered their price objective on shares of SoundHound AI from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 22nd. Yorkville Ives began coverage on shares of SoundHound AI in a research report on Monday, October 5th. They issued an “in-line” rating and a $6.50 target price for the company. Wall Street Zen upgraded shares of SoundHound AI from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 24th. DA Davidson decreased their target price on shares of 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, Weiss Ratings raised SoundHound AI from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.50.

SoundHound AI Stock Performance

SOUN opened at $4.26 on Friday. The stock has a market capitalization of $1.89 billion, a P/E ratio of -11.21 and a beta of 2.89. The company’s 50-day simple moving average is $5.56 and its two-hundred day simple moving average is $7.06. SoundHound AI has a 52-week low of $3.88 and a 52-week high of $15.68.

SoundHound AI (NASDAQ:SOUN) last announced its quarterly earnings results on Thursday, November 5th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. SoundHound AI had a negative net margin of 67.45% and a negative return on equity of 30.22%. The firm had revenue of $62.43 million during the quarter, compared to analyst estimates of $61.71 million. During the same period in the previous year, the business posted ($0.03) earnings per share. The business’s revenue for the quarter was up 48.5% on a year-over-year basis. Research analysts forecast that SoundHound AI will post -0.39 EPS for the current fiscal year.

Insider Transactions at SoundHound AI

In other news, insider James Hom sold 38,730 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $6.33, for a total transaction of $245,160.90. Following the completion of the sale, the insider owned 1,105,555 shares of the company’s stock, valued at $6,998,163.15. This represents a 3.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Keyvan Mohajer sold 137,290 shares of the company’s stock in a transaction dated 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 directly owned 3,684,947 shares of the company’s stock, valued at $23,325,714.51. The trade was a 3.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 288,758 shares of company stock valued at $1,828,598. 8.84% of the stock is owned by company insiders.

Institutional Trading of SoundHound AI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jacobi Capital Management LLC bought a new position in SoundHound AI in the third quarter worth approximately $94,000. Torrey Growth & Income Advisors boosted its stake in shares of SoundHound AI by 31.9% during the 3rd quarter. Torrey Growth & Income Advisors now owns 81,700 shares of the company’s stock worth $493,000 after acquiring an additional 19,750 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of SoundHound AI during the 3rd quarter valued at $45,000. International Assets Investment Management LLC grew its position in shares of SoundHound AI by 23.2% during the 3rd quarter. International Assets Investment Management LLC now owns 31,561 shares of the company’s stock valued at $191,000 after acquiring an additional 5,953 shares during the period. Finally, Calamos Advisors LLC bought a new stake in shares of SoundHound AI during the 3rd quarter valued at $4,195,000. 19.28% of the stock is owned by hedge funds and other institutional investors.

Key SoundHound AI News

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

• Positive Sentiment: Q3 revenue reached a record $62.4 million, up 48.5% year over year. The company also reported an adjusted loss per share that was narrower than analysts expected. SoundHound AI Q3 results and outlook
• Positive Sentiment: Management expects sustained adjusted EBITDA profitability in the second half of 2027, supported by a $120 million cost plan. That outlook gives investors a target for improving margins, though it remains some time away. SoundHound AI shares and guidance
• Positive Sentiment: An expanded Ultraviolette partnership will bring SoundHound’s voice AI to the electric motorcycle maker’s global lineup, including hands-free, in-helmet controls. The deal adds to its automotive reach, although the near-term revenue impact was not disclosed. Ultraviolette partnership expansion
• Neutral Sentiment: The company has closed its LivePerson acquisition and is integrating the business alongside its cost-reduction efforts. Successful integration could support efficiency, but delivery of the savings is an execution factor for investors to monitor. Q3 2026 earnings call transcript
• Negative Sentiment: Despite rapid growth, SoundHound remained deeply unprofitable on a GAAP basis, and reports differed on whether revenue narrowly beat or missed estimates. The combination of ongoing losses and a profitability target not expected until late 2027 may be tempering enthusiasm for the results. Q3 loss and revenue estimates

SoundHound AI Company Profile

SoundHound AI, Inc develops voice artificial intelligence and conversational intelligence technologies. Its platform is designed to enable people to interact with devices, applications and services using natural language, with capabilities including speech recognition, language understanding and conversational response generation.

The company’s offerings include the Houndify platform, which businesses can use to create branded voice assistants and conversational interfaces. SoundHound AI also provides voice-enabled solutions for industries such as automotive, restaurants and customer service, allowing users to access information, control functions, place orders and engage with businesses through voice interactions.