Streetbeat News

SOUN

SoundHound AI, Inc.

https://www.soundhound.com

Industry

Software - Application

SoundHound AI, Inc. develops independent voice artificial intelligence (AI) platform that enables businesses across industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as automatic speech recognition, natural language understanding, wake words, custom domains, text-to-speech, and embedded voice solutions The company is headquartered in Santa Clara, California.

Open

6.76

Mkt cap

2.3B

Volume

35M

High

6.77

P/E Ratio

-15.90

52-wk high

10.25

Low

6.22

Div yield

N/A

52-wk low

1.62

Cantor Fitzgerald analyst Brett Knoblauch upgraded SoundHound AI (NASDAQ:SOUN) from Underweight to Neutral and set a price target of $4.9.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 9:00 am

SoundHound AI Inc (NASDAQ:SOUN) shares dropped after announcing a potential offering of up to $150 million of its common stock. The offering is part of an at-the-market equity program managed by several firms, including Citigroup and Barclays, with a 2.5% commission rate. The company does not pay dividends but engages in capital allocation programs.

Portfolio Pulse from Adam Eckert

April 10, 2024 | 12:36 pm

SoundHound AI's shares are trading lower following the announcement of a Class A common stock offering of up to $150 million.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:36 pm

In Wednesday's pre-market session, 12 Information Technology stocks showed significant movement. Notably, Marin Software (MRIN) surged by 85.7%, while Ascent Solar Technologies (ASTI) plummeted by 50.6%. Other notable movers include Nano Labs (NA) and VIA optronics (VIAO), with substantial gains and losses respectively.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 12:09 pm

Soundhound AI has filed for a Class A common stock offering of up to $150M, according to an 8-K filing.

Portfolio Pulse from Charles Gross

April 10, 2024 | 10:07 am

Financial analysis reveals a bearish sentiment in the options market for SoundHound AI (NASDAQ:SOUN), with 60% of traders favoring puts over calls. The options trading activity indicates a price target range between $2.5 and $11.0. SoundHound AI's stock is currently down by -1.67% at $5.29, with RSI indicators suggesting it may be approaching overbought territory. Analyst ratings vary, with Cantor Fitzgerald rating it Underweight with a $4 target, while DA Davidson maintains a Buy rating with a $9 target.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 6:46 pm

The article highlights the top 10 most-searched tickers on Benzinga Pro in March 2024, showcasing companies like NVIDIA, Tesla, and the SPDR S&P 500 ETF Trust. It also mentions the significant interest in SoundHound AI, the debut of Solidion Technology post-SPAC merger, and Reddit's IPO. Additionally, it notes the impact of Bitcoin's valuation on the popularity of Marathon Digital, Coinbase, and MicroStrategy. The list reflects investor interest and market trends.

Portfolio Pulse from Chris Katje

April 01, 2024 | 2:11 pm

In Tuesday's pre-market session, several information technology stocks showed significant movement. Notably, LeddarTech Holdings, Mercurity Fintech Holding, The9, OMNIQ, SoundHound AI, and Mawson Infra Gr were among the gainers, with increases ranging from 6.32% to 18.1%. Conversely, WiSA Technologies, Dave, Intellicheck, Abits Group, Movella Holdings, and Bit Origin experienced declines between 4.83% and 28.7%. Intellicheck's drop was highlighted alongside its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 1:05 pm

SoundHound AI, Inc (NASDAQ:SOUN) announced the launch of its ChatGPT-integrated voice assistant in Japanese vehicles, marking a first in the automotive industry. This technology, named SoundHound Chat AI Automotive, will be featured in Stellantis NV's (NYSE:STLA) DS Automobiles in Japan starting April 2023. The assistant, Iris, enables hands-free operations like trip planning and accessing live parking information. SoundHound AI's technology, which also runs on Nvidia Corp's (NASDAQ:NVDA) DRIVE platform, aims to reduce 'AI hallucinations' for more accurate responses. The company's stock is accessible through Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) and SPDR S&P Software & Services ETF (NYSE:XSW), and has seen a 178% increase over the last 12 months, despite a 2.94% drop to $5.96 recently.

Portfolio Pulse from Anusuya Lahiri

March 25, 2024 | 5:03 pm

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' discussed various companies, recommending buying Arm Holdings and Unity Software due to leadership and partnership news, respectively. He expressed bullishness on Uber Technologies following a lawsuit settlement and changed his stance on Teva Pharmaceutical, citing its improvement and valuation. Cramer advised holding General Electric and preferred Lilly over Novo Nordisk due to upcoming drug news. He was less favorable towards Comstock Resources, suggesting Coterra as a better option, and remained neutral on JPMorgan Chase & Co. and SoundHound AI following analyst downgrades.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 1:05 pm

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