SoundHound AI (NASDAQ:SOUN) Hits New 12-Month Low – Time to Sell?

SoundHound AI, Inc. (NASDAQ:SOUN) hit a new 52-week low during trading on Friday . The company traded as low as $6.48 and last traded at $6.5250, with a volume of 23282233 shares trading hands. The stock had previously closed at $6.88.

SoundHound AI News Roundup

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

• Positive Sentiment: An analyst told media the shares could potentially double despite the CFO news, offering a bullish counterpoint that could attract speculative buying if confidence in execution returns. Analyst says SoundHound stock can double as CFO announces departure
• Positive Sentiment: SoundHound announced a commercial win with Peet’s Coffee to deploy its Employee Assist voice agent across the U.S. store footprint — a tangible enterprise customer and validation of recurring revenue opportunities. Peet’s Coffee Partners with SoundHound AI
• Positive Sentiment: Investor commentary outlets continued to list SOUN among under-the-radar AI names with multibagger potential, which can support longer-term interest from growth-focused investors. Prediction: These 3 Under-the-Radar Artificial Intelligence (AI) Stocks Could Be Multibaggers by End of 2026
• Neutral Sentiment: The company announced an interim finance leadership plan: co‑founder and former CFO James Hom will step in as interim CFO, which reduces near-term uncertainty but leaves longer-term succession questions open. SoundHound AI Announces CFO Transition
• Neutral Sentiment: Nitesh Sharan’s move to Quantinuum is confirmed — a routine executive move that explains the departure but doesn’t directly alter SoundHound’s product roadmap. Nitesh Sharan Joins Quantinuum as Chief Financial Officer
• Negative Sentiment: Shares sold off intraday amid the CFO transition and broader Voice-AI competition narrative (including Nvidia moves), with coverage noting a roughly 6% drop and break below a key $7 level — technical weakness that can trigger further selling. SoundHound AI Sinks 6%: What NVIDIA’s Voice AI Bet Says About The Broader Market
• Negative Sentiment: Multiple outlets attribute today’s selling pressure directly to the CFO departure, reflecting investor sensitivity to leadership turnover at a growth-stage AI company that is still not profitable. Why Is SoundHound AI Stock Tumbling Today?

Analyst Ratings Changes

SOUN has been the subject of several recent research reports. Piper Sandler reissued a “neutral” rating and issued a $9.00 price objective (down from $11.00) on shares of SoundHound AI in a report on Friday, February 27th. Cantor Fitzgerald raised shares of SoundHound AI from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $13.00 to $15.00 in a report on Friday, December 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SoundHound AI in a research report on Friday, January 9th. DA Davidson set a $14.00 target price on shares of SoundHound AI in a research note on Thursday, January 8th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.93.

SoundHound AI Trading Down 5.1%

The company’s fifty day simple moving average is $8.78 and its 200 day simple moving average is $12.36. The stock has a market capitalization of $2.74 billion, a P/E ratio of -130.57 and a beta of 2.65.

SoundHound AI (NASDAQ:SOUN) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). SoundHound AI had a negative net margin of 8.71% and a negative return on equity of 3.63%. The firm had revenue of $55.06 million for the quarter, compared to analysts’ expectations of $53.88 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. The business’s quarterly revenue was up 59.4% on a year-over-year basis. Equities research analysts predict that SoundHound AI, Inc. will post -0.38 earnings per share for the current year.

Insider Buying and Selling at SoundHound AI

In other news, CFO Nitesh Sharan sold 60,780 shares of SoundHound AI stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $11.28, for a total transaction of $685,598.40. Following the completion of the sale, the chief financial officer owned 1,705,148 shares in the company, valued at approximately $19,234,069.44. This trade represents a 3.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Keyvan Mohajer sold 144,326 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $11.28, for a total value of $1,627,997.28. Following the transaction, the chief executive officer directly owned 2,198,287 shares of the company’s stock, valued at $24,796,677.36. The trade was a 6.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 460,922 shares of company stock valued at $5,199,073 over the last 90 days. Insiders own 9.17% of the company’s stock.

Institutional Investors Weigh In On SoundHound AI

Hedge funds have recently bought and sold shares of the stock. Kieckhefer Group LLC lifted its stake in SoundHound AI by 47.2% during the third quarter. Kieckhefer Group LLC now owns 259,000 shares of the company’s stock worth $4,165,000 after purchasing an additional 83,000 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of SoundHound AI by 14.0% during the 2nd quarter. Osaic Holdings Inc. now owns 498,691 shares of the company’s stock valued at $5,351,000 after purchasing an additional 61,212 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of SoundHound AI by 252.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 218,868 shares of the company’s stock valued at $3,519,000 after buying an additional 156,835 shares in the last quarter. Fluent Financial LLC purchased a new position in shares of SoundHound AI during the 3rd quarter valued at about $1,083,000. Finally, Carnegie Investment Counsel lifted its position in SoundHound AI by 13.7% in the 3rd quarter. Carnegie Investment Counsel now owns 1,363,405 shares of the company’s stock worth $21,924,000 after buying an additional 164,725 shares during the last quarter. 19.28% of the stock is currently owned by institutional investors.

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.