S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Breaches by Iran-affiliated hackers spanned multiple U.S. states, federal agencies say
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
All the trading advice you’ve ever received boils down to this (Ad)
Lacking counselors, US schools turn to the booming business of online therapy
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Breaches by Iran-affiliated hackers spanned multiple U.S. states, federal agencies say
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
All the trading advice you’ve ever received boils down to this (Ad)
Lacking counselors, US schools turn to the booming business of online therapy
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Breaches by Iran-affiliated hackers spanned multiple U.S. states, federal agencies say
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
All the trading advice you’ve ever received boils down to this (Ad)
Lacking counselors, US schools turn to the booming business of online therapy
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Breaches by Iran-affiliated hackers spanned multiple U.S. states, federal agencies say
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
All the trading advice you’ve ever received boils down to this (Ad)
Lacking counselors, US schools turn to the booming business of online therapy

SoundHound AI Stock Price, News & Analysis (NASDAQ:SOUN)

$2.30
+0.16 (+7.48%)
(As of 12/1/2023 ET)
Compare
Today's Range
$2.12
$2.30
50-Day Range
$1.54
$2.30
52-Week Range
$0.93
$5.11
Volume
7.52 million shs
Average Volume
8.99 million shs
Market Capitalization
$567.92 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.53

SoundHound AI MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
96.7% Upside
$4.53 Price Target
Short Interest
Healthy
13.76% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$353,033 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.37) to ($0.23) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Computer And Technology Sector

199th out of 597 stocks

Prepackaged Software Industry

60th out of 206 stocks


SOUN stock logo

About SoundHound AI Stock (NASDAQ:SOUN)

SoundHound AI Inc. is a cutting-edge technology company developing artificial intelligence (AI) solutions for voice-enabled devices and mobile applications. The company is headquartered in Santa Clara, California, with additional San Francisco and Tokyo offices. Founded in 2005  SoundHound AI has been at the forefront of voice recognition technology, with its flagship product being the SoundHound music and voice recognition app. The app has over 315 million downloads worldwide, and the company has also partnered with several prominent automobile manufacturers to integrate its technology into cars.

The leadership team at SoundHound AI comprises experienced executives with technology and business backgrounds. The CEO and co-founder, Keyvan Mohajer, has over 25 years of experience in technology and has led the company since its inception. In 2022, the company announced the appointment of a new Chief Financial Officer, Nitesh Sharan, who has 20+ years of experience in finance. Before joining SoundHound AI, he was the CFO at Nike and also served as the assistant treasurer at Hewlett Packard. 

SoundHound AI has been experiencing revenue growth over the past few years while maintaining a healthy profit margin. The company has also held a healthy profit margin of around 10%. However, the company has struggled with debt in the past and in Q3 of 2022, the company made changes to bring that debt under control by slashing 10% of its workers. In 2021, the company raised $100 million in a funding round led by Tencent Holdings. In Q1 of 2023, the company issued new Series A Preferred Stock and Class A common stock to the shareholders' disappointment. Over the past year, SoundHound AI's stock price has been volatile, with several significant price movements. Trading volume has been relatively stable over the past year, with an average daily volume of around 1.5 million shares. SoundHound AI's valuation metrics are favorable when compared to industry peers.

SoundHound AI operates in the highly competitive AI technology industry, which is expected to grow rapidly over the next decade. The company faces competition from established players such as Google, Microsoft and Amazon and emerging startups. The industry is also subject to significant regulatory and political pressures as governments worldwide seek to regulate the use of AI technology.

SoundHound AI has several growth opportunities, including expanding its technology into new markets and developing new products. The company has already made inroads into the automobile industry, integrating its technology into several prominent car brands. In addition, the company has recently launched a new product, Houndify, which is a platform that allows developers to integrate voice recognition technology into their applications.

One of the primary risks facing SoundHound AI is the intense competition in the AI technology industry. The company must continue to innovate and differentiate itself from its competitors to remain successful. In addition, the industry is subject to significant regulatory and political pressures, which could impact the company's growth prospects. Finally, the company's success depends on adopting voice recognition technology, which could be affected by changes in consumer preferences or advances in alternative technologies.

Another challenge facing SoundHound AI is the potential for intellectual property disputes. The company's technology relies heavily on proprietary algorithms and software, which could be subject to infringement claims by competitors. The company may also face challenges in protecting its intellectual property rights in countries where intellectual property laws need to be stronger or better enforced.

Finally, SoundHound AI's growth is dependent on the ability to attract and retain talented employees. The company operates in a highly competitive industry and faces stiff competition for top talent from other technology companies. In addition, the company must compete with other startups for access to funding, which could impact its ability to invest in research and development and other growth initiatives.

SOUN Stock Price History

SOUN Stock News Headlines

8 Best AI Stocks Under $10
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
SoundHound: Early Stage AI Player Ready To Break Out
6 retail leaders innovating the customer experience with AI
SoundHound AI Inc. Wt
SoundHound AI: Stay Far Away
See More Headlines
Receive SOUN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for SoundHound AI and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
11/10/2023
Today
12/03/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/05/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:SOUN
Fax
N/A
Employees
430
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$4.53
High Stock Price Target
$5.00
Low Stock Price Target
$3.60
Potential Upside/Downside
+96.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-115,370,000.00
Net Margins
-259.45%
Pretax Margin
-247.07%

Debt

Sales & Book Value

Annual Sales
$31.13 million
Book Value
$0.05 per share

Miscellaneous

Free Float
189,435,000
Market Cap
$567.92 million
Optionable
Not Optionable
Beta
1.13
Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

Key Executives

  • Dr. Keyvan  MohajerDr. Keyvan Mohajer (Age 45)
    CEO, President & Director
    Comp: $381.04k
  • Mr. Nitesh Sharan (Age 48)
    Chief Financial Officer
    Comp: $403.96k
  • Mr. Zubin D. Irani CSM (Age 44)
    ITIL, PMP, Advisor
    Comp: $319.15k
  • Mr. James Hom (Age 39)
    Co-Founder, Chief Product Officer & Director
  • Mr. Seyed Majid Emami (Age 46)
    Co-Founder, Chief Science Officer & Senior VP of Engineering
  • Mr. Michael Zagorsek (Age 48)
    Chief Operating Officer
  • Mr. Timothy Stonehocker (Age 42)
    Chief Technology Officer
    Comp: $252.17k
  • Scott Smith
    Head of Investor Relations
  • Mr. Warren Heit
    Senior VP of Legal & General Counsel
  • Mr. Amir Arbabi (Age 46)
    Senior Vice President of Business Development














SOUN Stock Analysis - Frequently Asked Questions

Should I buy or sell SoundHound AI stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SoundHound AI in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SOUN shares.
View SOUN analyst ratings
or view top-rated stocks.

What is SoundHound AI's stock price target for 2024?

3 Wall Street analysts have issued 1 year price objectives for SoundHound AI's stock. Their SOUN share price targets range from $3.60 to $5.00. On average, they expect the company's share price to reach $4.53 in the next twelve months. This suggests a possible upside of 96.7% from the stock's current price.
View analysts price targets for SOUN
or view top-rated stocks among Wall Street analysts.

How have SOUN shares performed in 2023?

SoundHound AI's stock was trading at $1.77 at the beginning of the year. Since then, SOUN stock has increased by 29.9% and is now trading at $2.30.
View the best growth stocks for 2023 here
.

When is SoundHound AI's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 5th 2024.
View our SOUN earnings forecast
.

How were SoundHound AI's earnings last quarter?

SoundHound AI, Inc. (NASDAQ:SOUN) released its quarterly earnings data on Friday, November, 10th. The company reported ($0.09) EPS for the quarter, hitting analysts' consensus estimates of ($0.09). The business earned $13.30 million during the quarter, compared to analyst estimates of $12.78 million. The company's quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) earnings per share.

What ETFs hold SoundHound AI's stock?

ETFs with the largest weight of SoundHound AI (NASDAQ:SOUN) stock in their portfolio include Roundhill Generative AI & Technology ETF (CHAT).Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ).

Who are SoundHound AI's major shareholders?

SoundHound AI's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (0.72%), Charles Schwab Investment Management Inc. (0.60%), Northern Trust Corp (0.57%), Raymond James & Associates (0.41%), Bank of New York Mellon Corp (0.21%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Diana Sroka, Eric R Ball, James Ming Hom, Keyvan Mohajer, Lawrence Marcus, Majid Emami, Michael Zagorsek, Nitesh Sharan and Timothy Stonehocker.
View institutional ownership trends
.

How do I buy shares of SoundHound AI?

Shares of SOUN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:SOUN) was last updated on 12/3/2023 by MarketBeat.com Staff

My Account -