Insider Selling: Sound Group (NASDAQ:SOGP) Director Sells 1,001 Shares of Stock

Sound Group, Inc. (NASDAQ:SOGP) Director Ming Zhang sold 1,001 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $16.88, for a total value of $16,896.88. Following the completion of the sale, the director owned 23,798 shares of the company’s stock, valued at $401,710.24. The trade was a 4.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sound Group Price Performance

Sound Group stock opened at $17.59 on Monday. The company has a market capitalization of $86.89 million, a PE ratio of 195.44 and a beta of 2.48. The firm has a fifty day simple moving average of $14.31 and a two-hundred day simple moving average of $14.39. Sound Group, Inc. has a twelve month low of $1.18 and a twelve month high of $37.00.

Sound Group (NASDAQ:SOGP) last announced its quarterly earnings data on Wednesday, April 1st. The company reported $2.39 earnings per share (EPS) for the quarter. The company had revenue of $0.12 million for the quarter.

Sound Group Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, May 12th. Stockholders of record on Wednesday, April 22nd will be given a $1.20 dividend. The ex-dividend date is Wednesday, April 22nd.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SOGP shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sound Group in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of Sound Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sound Group presently has an average rating of “Sell”.

Sound Group Company Profile

Sound Group Inc is a global, AI-powered audio company on a mission to help people connect better and live happier. Leveraging its voice AI technologies and deep expertise in audio interaction, Sound Group is building a diverse ecosystem of intelligent audio products that cater to a global user base. By integrating technology, innovative products, and real-world data within a user-centric ecosystem, the Company generates a powerful growth flywheel that drives continuous innovation and accelerates global expansion.