SoundHound AI (NASDAQ:SOUN) Shares Up 2.3% – What’s Next?

Shares of SoundHound AI, Inc. (NASDAQ:SOUN) traded up 2.3% on Thursday . The stock traded as high as $7.15 and last traded at $7.12. Approximately 23,244,326 shares traded hands during trading, a decline of 15% from the average daily volume of 27,457,070 shares. The stock had previously closed at $6.96.

Key SoundHound AI News

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

• Positive Sentiment: SoundHound AI agreed to acquire LivePerson for $100 million, a move that could broaden its conversational AI footprint and expand its product ecosystem. The company also launched its OASYS agentic AI platform, which strengthens its long-term growth narrative in voice and chat AI. SoundHound AI (SOUN) Buys LivePerson For $100 Million And Launches OASYS
• Positive Sentiment: The company released research showing 96% of organizations said agentic AI deployments met or exceeded ROI expectations, supporting the investment case for SoundHound’s AI offerings and enterprise adoption trends. Research Finds 96% of Organizations Report that Agentic AI Deployments Met or Exceeded ROI Expectations in 2026
• Positive Sentiment: Coverage highlighted continued momentum in restaurant AI rollouts, including drive-thru automation and cross-selling opportunities, which suggests another potential growth avenue for SoundHound’s revenue base. SoundHound’s Drive-Thru AI Shows ROI: Can Restaurant Rollouts Scale?
• Neutral Sentiment: The stock also drew attention after a report said it may be undervalued versus its longer-term prospects, but investors remain split given recent volatility and valuation concerns. SoundHound AI (SOUN) Stock Could Be 50.3% Undervalued Despite Its Recent Share Price Slide
• Negative Sentiment: Multiple insiders, including the CEO, COO, CTO and other executives, sold shares in recent filings. While the company said the sales were tied to tax withholding on equity awards, the size and number of transactions may still weigh on sentiment. SoundHound AI (NASDAQ:SOUN) CTO Timothy Stonehocker Sells 18,802 Shares

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SOUN. LADENBURG THALM/SH SH upgraded shares of SoundHound AI to a “strong-buy” rating in a research report on Wednesday, May 6th. DA Davidson reaffirmed a “buy” rating and issued a $14.00 price target on shares of SoundHound AI in a report on Wednesday, April 22nd. Piper Sandler reaffirmed a “neutral” rating and set a $9.00 price objective (down from $11.00) on shares of SoundHound AI in a research report on Friday, February 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SoundHound AI in a research note on Monday. Finally, HC Wainwright cut their target price on shares of SoundHound AI from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, SoundHound AI currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.93.

SoundHound AI Price Performance

The company has a market capitalization of $3.08 billion, a P/E ratio of -15.15 and a beta of 2.56. The business has a 50 day simple moving average of $7.95 and a 200-day simple moving average of $8.77.

SoundHound AI (NASDAQ:SOUN) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $44.20 million for the quarter, compared to analyst estimates of $42.56 million. SoundHound AI had a negative net margin of 91.84% and a negative return on equity of 40.15%. The business’s revenue was up 51.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) EPS. Equities analysts forecast that SoundHound AI, Inc. will post -0.45 EPS for the current fiscal year.

Insider Activity

In other SoundHound AI news, CTO Timothy Stonehocker sold 18,802 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $7.46, for a total value of $140,262.92. Following the sale, the chief technology officer owned 502,290 shares in the company, valued at approximately $3,747,083.40. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider James Ming Hom sold 28,843 shares of SoundHound AI stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $7.46, for a total value of $215,168.78. Following the sale, the insider directly owned 743,521 shares in the company, valued at approximately $5,546,666.66. This trade represents a 3.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 269,365 shares of company stock worth $2,008,536 over the last three months. Insiders own 8.84% of the company’s stock.

Institutional Trading of SoundHound AI

Several large investors have recently added to or reduced their stakes in SOUN. Vanguard Group Inc. raised its stake in SoundHound AI by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 45,367,437 shares of the company’s stock valued at $452,313,000 after acquiring an additional 1,909,868 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of SoundHound AI by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 9,180,321 shares of the company’s stock worth $91,543,000 after purchasing an additional 273,097 shares in the last quarter. Morgan Stanley increased its holdings in shares of SoundHound AI by 48.1% during the fourth 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 period. State Street Corp increased its holdings in shares of SoundHound AI by 0.9% during the fourth quarter. State Street Corp now owns 8,691,235 shares of the company’s stock valued at $86,652,000 after purchasing an additional 80,908 shares during the period. Finally, UBS Group AG raised its stake in shares of SoundHound AI by 77.6% during the fourth 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 in the last quarter. 19.28% of the stock is currently owned by institutional investors and hedge funds.

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.