SoundHound AI (SOUN) to Release Earnings on Thursday

Key Points

• SoundHound AI is expected to release its Q2 2025 earnings results on August 7, with analysts projecting an earnings loss of ($0.06) per share and revenue of $32.88 million.
• In the last reported quarter, the company had a revenue increase of 151.2% year-over-year, despite reporting earnings that missed the consensus estimate.
• SoundHound AI's stock has recently been downgraded by several analysts, with target prices ranging from $10.00 to $15.00 and a consensus rating of "Hold."

SoundHound AI (NASDAQ:SOUN - Get Free Report) will likely be releasing its Q2 2025 earnings data after the market closes on Thursday, August 7th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $32.88 million for the quarter. SoundHound AI has set its FY 2025 guidance at EPS.

SoundHound AI (NASDAQ:SOUN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. The business had revenue of $29.13 million during the quarter, compared to the consensus estimate of $30.38 million. SoundHound AI had a negative net margin of 184.34% and a negative return on equity of 68.55%. SoundHound AI's quarterly revenue was up 151.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) EPS. On average, analysts expect SoundHound AI to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SoundHound AI Trading Down 2.1%

NASDAQ:SOUN traded down $0.22 during trading hours on Friday, hitting $10.11. 25,509,497 shares of the company traded hands, compared to its average volume of 42,872,072. SoundHound AI has a twelve month low of $3.94 and a twelve month high of $24.98. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of -18.38 and a beta of 2.57. The firm has a 50-day moving average of $10.66 and a 200 day moving average of $10.61.

Analyst Upgrades and Downgrades

SOUN has been the topic of several recent analyst reports. DA Davidson reduced their price objective on shares of SoundHound AI from $13.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Piper Sandler restated a "neutral" rating and issued a $12.00 price target on shares of SoundHound AI in a research note on Monday, July 14th. Wedbush dropped their price objective on shares of SoundHound AI from $22.00 to $15.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Finally, HC Wainwright reduced their price objective on shares of SoundHound AI from $26.00 to $18.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $10.50.

Insider Activity

In other news, CTO Timothy Stonehocker sold 2,981 shares of SoundHound AI stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $9.68, for a total value of $28,856.08. Following the completion of the transaction, the chief technology officer owned 716,866 shares in the company, valued at approximately $6,939,262.88. This trade represents a 0.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James Ming Hom sold 79,530 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $9.36, for a total value of $744,400.80. Following the sale, the insider owned 637,560 shares of the company's stock, valued at approximately $5,967,561.60. The trade was a 11.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 961,289 shares of company stock worth $9,247,847. 9.17% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SoundHound AI

Several large investors have recently added to or reduced their stakes in SOUN. Royal Bank of Canada lifted its holdings in shares of SoundHound AI by 71.3% in the 1st quarter. Royal Bank of Canada now owns 160,299 shares of the company's stock worth $1,301,000 after purchasing an additional 66,714 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in SoundHound AI by 8.9% during the first quarter. Integrated Wealth Concepts LLC now owns 14,676 shares of the company's stock valued at $119,000 after purchasing an additional 1,201 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of SoundHound AI by 12.9% in the 1st quarter. NewEdge Advisors LLC now owns 41,030 shares of the company's stock valued at $333,000 after acquiring an additional 4,692 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of SoundHound AI by 69.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,639,689 shares of the company's stock worth $21,434,000 after purchasing an additional 1,085,473 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in SoundHound AI by 10.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 692,170 shares of the company's stock valued at $5,620,000 after acquiring an additional 63,398 shares during the period. 19.28% of the stock is currently owned by hedge funds and other institutional investors.

About SoundHound AI

SoundHound AI, Inc develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.