UBS Group AG Has $61.06 Million Stock Holdings in SoundHound AI, Inc. $SOUN

Key Points

• UBS Group AG increased its stake in SoundHound by 77.6% in Q4 to 6,124,283 shares (about $61.06 million), representing roughly 1.46% of the company.
• Analysts are mixed but cautiously positive with an average rating of "Moderate Buy" and a mean target of $14.93, while shares trade around $9.47 (12‑month range $5.83–$22.17).
• SoundHound reported Q4 revenue of $55.06 million (up 59.4% YoY) and beat estimates but remains unprofitable (negative net margin and ROE), and insiders sold about 307,973 shares last quarter (insiders now own 8.84%).

UBS Group AG raised its stake in SoundHound AI, Inc. (NASDAQ:SOUN - Free Report) by 77.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,124,283 shares of the company's stock after buying an additional 2,676,707 shares during the quarter. UBS Group AG owned 1.46% of SoundHound AI worth $61,059,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of SoundHound AI by 252.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 218,868 shares of the company's stock worth $3,519,000 after acquiring an additional 156,835 shares during the period. Rakuten Securities Inc. grew its stake in shares of SoundHound AI by 877.9% in the fourth quarter. Rakuten Securities Inc. now owns 333,605 shares of the company's stock worth $3,326,000 after acquiring an additional 299,492 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of SoundHound AI by 97.7% in the third quarter. Nisa Investment Advisors LLC now owns 90,041 shares of the company's stock worth $1,448,000 after acquiring an additional 44,496 shares during the period. Clear Street Group Inc. bought a new stake in shares of SoundHound AI in the third quarter worth approximately $12,944,000. Finally, Alta Wealth Advisors LLC bought a new stake in shares of SoundHound AI in the third quarter worth approximately $1,001,000. Institutional investors and hedge funds own 19.28% of the company's stock.

Wall Street Analyst Weigh In

SOUN has been the subject of a number of research analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of SoundHound AI in a research note on Friday, January 9th. HC Wainwright reduced their price target on shares of SoundHound AI from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Monday, March 2nd. DA Davidson reiterated a "buy" rating and issued a $14.00 price target on shares of SoundHound AI in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of SoundHound AI from a "strong sell" rating to a "hold" rating in a research note on Monday, February 9th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $9.00 price target (down from $11.00) on shares of SoundHound AI in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $14.93.

Insiders Place Their Bets

In other SoundHound AI news, insider James Ming Hom sold 31,019 shares of the company'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 completion of the transaction, the insider directly owned 772,364 shares in the company, valued at $5,244,351.56. This represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Keyvan Mohajer sold 124,510 shares of the company'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 $845,422.90. Following the completion of the transaction, the chief executive officer owned 2,073,777 shares of the company's stock, valued at approximately $14,080,945.83. The trade was a 5.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 307,973 shares of company stock valued at $2,091,110. Insiders own 8.84% of the company's stock.

SoundHound AI Trading Down 0.9%

Shares of NASDAQ SOUN opened at $9.47 on Tuesday. The firm has a 50 day moving average of $7.49 and a 200 day moving average of $10.41. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of -189.36 and a beta of 2.58. SoundHound AI, Inc. has a 12-month low of $5.83 and a 12-month high of $22.17.

SoundHound AI (NASDAQ:SOUN - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $55.06 million during the quarter, compared to analyst estimates of $53.88 million. SoundHound AI had a negative net margin of 8.71% and a negative return on equity of 3.63%. The firm's quarterly revenue was up 59.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) earnings per share. Sell-side analysts predict that SoundHound AI, Inc. will post -0.34 EPS for the current year.

SoundHound AI Profile

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.

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