SoundHound AI (NASDAQ:SOUN) Trading Up 4% – Still a Buy?

Posted by Francis Steltz on Sep 21st, 2026

Shares of SoundHound AI, Inc. (NASDAQ:SOUN – Get Free Report) rose 4% during trading on Monday . The stock traded as high as $6.22 and last traded at $6.17. Approximately 17,649,265 shares traded hands during trading, a decline of 37% from the average daily volume of 28,187,828 shares. The stock had previously closed at $5.93.

Analysts Set New Price Targets

Several research analysts have weighed in on SOUN shares. Weiss Ratings reissued a “sell (e+)” rating on shares of SoundHound AI in a report on Friday, September 11th. DA Davidson decreased their target price on SoundHound AI from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Piper Sandler lowered their target price on SoundHound AI from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, Wall Street Zen raised SoundHound AI from a “strong sell” rating to a “sell” rating in a report on Sunday, September 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.00.

View Our Latest Stock Report on SOUN

SoundHound AI Price Performance

The stock’s 50-day moving average price is $6.68 and its 200-day moving average price is $7.20. The company has a market cap of $2.74 billion, a P/E ratio of -16.24 and a beta of 2.66.

SoundHound AI (NASDAQ:SOUN – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.11. The business had revenue of $61.90 million during the quarter, compared to analysts’ expectations of $52.38 million. SoundHound AI had a negative net margin of 67.45% and a negative return on equity of 30.22%. The business’s revenue was up 45.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.19) EPS. As a group, analysts expect that SoundHound AI, Inc. will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling at SoundHound AI

In other news, CEO Keyvan Mohajer sold 137,290 shares of SoundHound AI stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $6.33, for a total value of $869,045.70. Following the completion of the sale, the chief executive officer directly owned 3,684,947 shares in the company, valued at approximately $23,325,714.51. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Majid Emami sold 38,730 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $6.33, for a total value of $245,160.90. Following the completion of the sale, the senior vice president owned 834,253 shares of the company’s stock, valued at approximately $5,280,821.49. This trade represents a 4.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 287,206 shares of company stock valued at $1,819,115 over the last ninety days. Company insiders own 8.84% of the company’s stock.

Institutional Trading of SoundHound AI

Several large investors have recently modified their holdings of the stock. Prospera Financial Services Inc increased its stake in SoundHound AI by 5.9% in the fourth quarter. Prospera Financial Services Inc now owns 30,690 shares of the company’s stock valued at $306,000 after acquiring an additional 1,699 shares during the last quarter. Hilltop Holdings Inc. lifted its stake in SoundHound AI by 3.5% during the first quarter. Hilltop Holdings Inc. now owns 51,358 shares of the company’s stock worth $353,000 after purchasing an additional 1,753 shares during the last quarter. Sterling Investment Counsel LLC lifted its stake in SoundHound AI by 10.5% during the first quarter. Sterling Investment Counsel LLC now owns 22,787 shares of the company’s stock worth $157,000 after purchasing an additional 2,173 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of SoundHound AI by 19.6% in the 1st quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock valued at $95,000 after purchasing an additional 2,277 shares in the last quarter. Finally, Hollencrest Capital Management boosted its holdings in shares of SoundHound AI by 197.5% in the 1st quarter. Hollencrest Capital Management now owns 3,615 shares of the company’s stock valued at $25,000 after purchasing an additional 2,400 shares in the last quarter. 19.28% of the stock is owned by institutional investors and hedge funds.

SoundHound AI Company Profile

(Get Free Report)

SoundHound AI, Inc develops conversational artificial intelligence and voice-enabled technologies. Its platform is designed to let users interact with devices, applications and services through natural-language speech, supporting functions such as information retrieval, question answering and task completion.

The company’s offerings include the Houndify conversational AI platform, which businesses can use to build branded voice assistants, as well as SoundHound Chat AI, an in-car and consumer-oriented voice assistant that combines conversational capabilities with access to information and services.