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

Key Points

• SoundHound shares rose 2.8% after LADENBURG THALM/SH upgraded the stock to a strong-buy, trading up to $9.72 on unusually high volume (46.2M shares, +68% vs. average); MarketBeat’s consensus remains a Moderate Buy with a $14.93 target.
• The company launched the self-learning OASYS agentic AI platform and signed a non‑binding LOI with Richtech Robotics, bolstering its enterprise voice-AI commercial narrative and potential cross-selling opportunities.
• Fundamentals are mixed: Q1 EPS was -$0.06 (missed by $0.01) while revenue of $44.2M beat estimates, the company remains unprofitable with negative margins, insiders recently sold shares even as several institutions increased positions.

SoundHound AI, Inc. (NASDAQ:SOUN - Get Free Report)'s share price shot up 2.8% during mid-day trading on Thursday after LADENBURG THALM/SH SH upgraded the stock to a strong-buy rating. The stock traded as high as $9.72 and last traded at $9.63. 46,237,329 shares traded hands during trading, an increase of 68% from the average session volume of 27,560,289 shares. The stock had previously closed at $9.37.

Several other equities research analysts also recently issued reports on the stock. DA Davidson reaffirmed a "buy" rating and set a $14.00 price target on shares of SoundHound AI in a research note on Wednesday, April 22nd. Piper Sandler reaffirmed a "neutral" rating and set a $9.00 price target (down from $11.00) on shares of SoundHound AI in a research note on Friday, February 27th. Zacks Research raised shares of SoundHound AI from a "strong sell" rating to a "hold" rating in a research note on Monday, February 9th. 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 note on Monday, March 2nd. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of SoundHound AI in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, SoundHound AI presently has an average rating of "Moderate Buy" and a consensus target price of $14.93.

Insider Activity at SoundHound AI

In other SoundHound AI news, COO Michael Zagorsek sold 52,968 shares of the firm's stock in a transaction on 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 transaction, the chief operating officer directly owned 1,734,491 shares of the company's stock, valued at $11,777,193.89. This trade represents a 2.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Keyvan Mohajer sold 124,510 shares of the firm's stock in a transaction 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 transaction, the chief executive officer directly owned 2,073,777 shares of the company's stock, valued at approximately $14,080,945.83. This represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 307,973 shares of company stock worth $2,091,110 over the last 90 days. 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

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in SoundHound AI by 16.4% in the 3rd quarter. Vanguard Group Inc. now owns 43,457,569 shares of the company's stock valued at $698,798,000 after purchasing an additional 6,132,648 shares during the last quarter. Morgan Stanley lifted its position in SoundHound AI by 48.1% in the 4th quarter. Morgan Stanley now owns 8,987,522 shares of the company's stock valued at $89,606,000 after purchasing an additional 2,917,280 shares during the last quarter. UBS Group AG lifted its position in SoundHound AI by 77.6% in the 4th quarter. UBS Group AG now owns 6,124,283 shares of the company's stock valued at $61,059,000 after purchasing an additional 2,676,707 shares during the last quarter. Voloridge Investment Management LLC lifted its position in SoundHound AI by 2,259.7% in the 4th quarter. Voloridge Investment Management LLC now owns 2,199,511 shares of the company's stock valued at $21,929,000 after purchasing an additional 2,106,298 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in SoundHound AI in the 3rd quarter valued at about $21,679,000. 19.28% of the stock is owned by institutional investors and hedge funds.

SoundHound AI Trading Up 2.8%

The stock has a market capitalization of $4.07 billion, a P/E ratio of -192.56 and a beta of 2.58. The company's 50-day moving average is $7.54 and its two-hundred day moving average is $10.25.

SoundHound AI (NASDAQ:SOUN - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $44.20 million during the quarter, compared to the consensus estimate of $42.56 million. SoundHound AI had a negative net margin of 8.71% and a negative return on equity of 3.63%. Sell-side analysts expect that SoundHound AI, Inc. will post -0.36 EPS for the current fiscal 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.

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