HC Wainwright Cuts SoundHound AI (NASDAQ:SOUN) Price Target to $20.00

SoundHound AI (NASDAQ:SOUN) had its target price reduced by HC Wainwright from $26.00 to $20.00 in a report published on Monday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Several other research analysts also recently commented on the company. Piper Sandler reaffirmed a “neutral” rating and set a $9.00 target price (down from $11.00) on shares of SoundHound AI in a report on Friday, February 27th. Cantor Fitzgerald upgraded SoundHound AI from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $13.00 to $15.00 in a research report on Friday, December 12th. Zacks Research raised SoundHound AI from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. DA Davidson set a $14.00 target price on SoundHound AI in a report on Thursday, January 8th. Finally, LADENBURG THALM/SH SH upgraded shares of SoundHound AI to a “strong-buy” rating in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.93.

SoundHound AI Price Performance

Shares of NASDAQ SOUN opened at $8.16 on Monday. The company has a 50 day simple moving average of $9.42 and a 200 day simple moving average of $12.74. SoundHound AI has a 1 year low of $6.52 and a 1 year high of $22.17. The firm has a market cap of $3.43 billion, a PE ratio of -163.17 and a beta of 2.65.

SoundHound AI (NASDAQ:SOUN) last posted its earnings results on Thursday, February 26th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The firm had revenue of $55.06 million for the quarter, compared to analyst estimates of $53.88 million. SoundHound AI had a negative net margin of 8.71% and a negative return on equity of 3.63%. The company’s revenue for the quarter was up 59.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) EPS. As a group, research analysts anticipate that SoundHound AI will post -0.38 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Michael Zagorsek sold 73,406 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $11.28, for a total value of $828,019.68. Following the sale, the chief operating officer owned 1,787,459 shares in the company, valued at $20,162,537.52. This represents a 3.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Majid Emami sold 42,600 shares of SoundHound AI stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $11.28, for a total value of $480,528.00. Following the transaction, the senior vice president directly owned 565,586 shares in the company, valued at approximately $6,379,810.08. The trade was a 7.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 460,922 shares of company stock valued at $5,199,073. 9.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SoundHound AI

A number of hedge funds have recently bought and sold shares of SOUN. Royal Bank of Canada raised its holdings in shares of SoundHound AI by 71.3% in the first quarter. Royal Bank of Canada now owns 160,299 shares of the company’s stock valued at $1,301,000 after purchasing an additional 66,714 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in SoundHound AI by 8.9% in 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 in the last quarter. NewEdge Advisors LLC grew its position in SoundHound AI by 12.9% in 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 in the last quarter. Goldman Sachs Group Inc. increased its stake in SoundHound AI by 69.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,639,689 shares of the company’s stock valued at $21,434,000 after buying an additional 1,085,473 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 buying an additional 63,398 shares in the last quarter. 19.28% of the stock is owned by hedge funds and other institutional investors.

More SoundHound AI News

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

• Positive Sentiment: Q4 results showed accelerating revenue (year‑over‑year growth ~59%) and EPS in line with estimates; D.A. Davidson reiterated a Buy with a $14 price target, supporting a bullish narrative on the company’s growth trajectory. Analysts Split After SoundHound AI, Inc. (SOUN) Reports Q4 Results
• Positive Sentiment: Investor commentary and features (The Motley Fool) highlight the company’s revenue surge and positioning in “agentic” AI — these narratives can attract growth‑oriented investors looking for AI exposure. As Revenue Continues to Surge, Is SoundHound Stock a Buy?
• Positive Sentiment: Broader coverage lists SOUN among high‑upside AI growth picks, which can sustain longer‑term interest despite near‑term volatility. 3 Red-Hot Growth Stocks to Buy in 2026
• Neutral Sentiment: Market attention is elevated (Zacks/Yahoo pieces note SOUN as a “trending” stock), which increases volume and intra‑day moves but doesn’t by itself determine direction. SoundHound AI, Inc. (SOUN) Is a Trending Stock
• Neutral Sentiment: Comparative analysis pieces (e.g., BigBear.ai vs. SoundHound) keep the stock in thematic investor conversations but are opinion‑driven rather than event‑driven. Battle Royale: BigBear.ai vs. SoundHound AI
• Negative Sentiment: Recent analyst downgrades and a pessimistic forecast (coverage flagged by American Banking News) forced a gap down in the stock, which appears to be the main immediate driver of selling pressure. SoundHound AI (NASDAQ:SOUN) Shares Gap Down After Analyst Downgrade
• Negative Sentiment: HC Wainwright published a pessimistic forecast for SOUN’s stock price, adding to the negative analyst momentum and likely amplifying short‑term outflows. HC Wainwright Issues Pessimistic Forecast for SoundHound AI Stock Price

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.