SoundHound AI, Inc. (NASDAQ:SOUN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Posted by Brenda Bartman on Jun 11th, 2026

Shares of SoundHound AI, Inc. (NASDAQ:SOUN – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $14.9286.

A number of research firms have recently issued reports on SOUN. Piper Sandler reiterated a “neutral” rating and set a $9.00 price target (down from $11.00) on shares of SoundHound AI in a research report on Friday, February 27th. DA Davidson reiterated a “buy” rating and set a $14.00 price target on shares of SoundHound AI in a research report on Wednesday, April 22nd. LADENBURG THALM/SH SH upgraded shares of SoundHound AI to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, HC Wainwright reduced their price target on shares of SoundHound AI from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 2nd.

View Our Latest Research Report on SOUN

Key SoundHound AI News

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

Positive Sentiment: SoundHound AI was named the overall Leader in the 2026 ISG Buyers Guide for Conversational AI Emerging Providers, with Leader status across every evaluated category, which may reinforce its competitive position in voice and agentic AI. Article Title
Positive Sentiment: Several analyst-oriented articles highlighted SoundHound as a potential buy, noting that Wall Street sentiment remains optimistic and that some analysts see meaningful upside from current levels. Article Title
Positive Sentiment: Another market commentary suggested SoundHound could be a long-term “hypergrowth” AI play, keeping speculative interest in the stock alive. Article Title
Neutral Sentiment: SoundHound announced it will participate in the D.A. Davidson 2026 Technology & Consumer Conference, which may give management a chance to update investors but is not a direct business development on its own. Article Title
Neutral Sentiment: Recent governance commentary about bylaws changes may appeal to some investors by improving shareholder litigation rights, but it is more of a legal/governance issue than an immediate operating catalyst. Article Title
Negative Sentiment: Despite positive headlines, SoundHound remains a high-volatility stock that has significantly lagged broader AI peers, and investors are still focused on whether the company can translate recognition into sustained revenue growth and profitability. Article Title

Insider Activity at SoundHound AI

In other news, COO Michael Zagorsek sold 52,968 shares of SoundHound AI stock in a transaction that occurred 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 sale, the chief operating officer directly owned 1,734,491 shares in the company, valued at approximately $11,777,193.89. This trade represents a 2.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nitesh Sharan sold 44,027 shares of SoundHound AI stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $6.79, for a total transaction of $298,943.33. Following the sale, the chief financial officer owned 1,661,121 shares of the company’s stock, valued at approximately $11,279,011.59. The trade was a 2.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 307,973 shares of company stock worth $2,091,110. 8.84% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SOUN. Royal Bank of Canada raised its position in shares of SoundHound AI by 71.3% during 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 raised its position in shares of SoundHound AI by 8.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 14,676 shares of the company’s stock worth $119,000 after purchasing an additional 1,201 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of SoundHound AI by 12.9% during the 1st quarter. NewEdge Advisors LLC now owns 41,030 shares of the company’s stock worth $333,000 after purchasing an additional 4,692 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of SoundHound AI by 69.8% during the 1st 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 last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of SoundHound AI by 10.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 692,170 shares of the company’s stock worth $5,620,000 after purchasing an additional 63,398 shares during the last quarter. 19.28% of the stock is currently owned by institutional investors and hedge funds.

SoundHound AI Stock Down 3.8%

Shares of NASDAQ:SOUN opened at $6.75 on Thursday. The company has a market cap of $2.92 billion, a P/E ratio of -14.36 and a beta of 2.56. SoundHound AI has a 52 week low of $5.83 and a 52 week high of $22.17. The company has a 50-day moving average price of $7.91 and a 200 day moving average price of $8.98.

SoundHound AI (NASDAQ:SOUN – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $44.20 million during 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%. SoundHound AI’s revenue for the quarter was up 51.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) EPS. Analysts expect that SoundHound AI will post -0.45 EPS for the current year.

About SoundHound AI

(Get Free Report)

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.