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

6.71

Mkt cap

2.5B

Volume

18M

High

6.90

P/E Ratio

-18.00

52-wk high

10.25

Low

6.38

Div yield

N/A

52-wk low

1.61

SoundHound AI (NASDAQ:SOUN) has seen significant options trading activity, with a bearish sentiment prevailing among traders. Analysis revealed 80% bearish and 20% bullish trades, focusing on a price band between $1.0 and $7.0. The largest trades were bearish calls and a bullish put, with notable open interest and volume. SoundHound AI's current market position shows a slight decline in stock price to $3.71, with an upcoming earnings announcement. Analysts have set an average price target of $4.0, with a recent downgrade to Buy by Ladenburg Thalmann.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 5:17 pm

U.S. stocks saw gains with the Dow Jones up 0.75%, NASDAQ up 0.22%, and S&P 500 up 0.52%. US Foods (USFD) shares rose 3% after reporting Q4 revenue above estimates and providing optimistic FY24 guidance. JX Luxventure (JXJT), SoundHound AI (SOUN), and Nano-X Imaging (NNOX) shares surged following positive results and stake news. Conversely, Herbalife (HLF), Treasure Global (TGL), and Renalytix (RNLX) shares fell sharply after disappointing earnings and sales reports.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 7:34 pm

Herbalife Ltd. (NYSE:HLF) shares plummeted by approximately 36% due to disappointing quarterly earnings, missing market expectations. The article also highlights significant movements in other stocks during Thursday's mid-day session, including notable gainers like JX Luxventure Limited and losers such as Treasure Global Inc.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 6:20 pm

The article reports on significant movements in the stock prices of 12 Information Technology companies during Thursday's intraday session. Notable gainers include SoundHound AI, Pegasystems, Inseego, JFrog, Infobird Co, and AppLovin, with increases attributed to recent earnings reports for some. Conversely, Focus Universal, Quantum, Fastly, MariaDB, Mawson Infra Gr, and Gryphon Digital Mining experienced notable declines, with some losses linked to recent earnings announcements.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 5:31 pm

Reliance Steel & Aluminum Co. reported Q4 earnings above estimates, leading to a 10.4% stock increase. Other stocks like Nano-X Imaging, SoundHound AI, and Pegasystems also saw significant gains following positive financial results or stake disclosures. Notable movers include JFrog, American Well Corporation, and AppLovin Corporation, among others, with stocks climbing on upbeat earnings or guidance.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 3:23 pm

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:19 pm

SoundHound AI Inc (NASDAQ:SOUN) shares surged after Nvidia Corp (NASDAQ:NVDA) disclosed a 1.73 million share stake in SoundHound. The investment highlights a long-standing relationship between the two companies dating back to 2017. SoundHound's stock has been positively impacted, with shares up 75.7% at $3.96. The company is expected to report Q4 results soon, and it has an average one-year price target of $4.50, indicating potential upside.

Portfolio Pulse from Adam Eckert

February 15, 2024 | 2:08 pm

SoundHound AI's stock price increased following Nvidia's disclosure of a 1.73 million share stake in the company.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:41 pm

YETI shares dropped 15% after reporting Q4 results below estimates and a lower FY24 earnings guidance. BlackRock disclosed a 5.6% passive stake in SoundHound AI, leading to a 97% surge in SOUN shares. Nouveau Monde Graphite announced an offtake agreement with GM for Canadian graphite and a $150M equity investment, causing NMG shares to soar by 137%.

Portfolio Pulse from ryanfaloona@benzinga.com

February 15, 2024 | 1:39 pm

In Thursday's pre-market session, several Information Technology stocks showed significant movement. SoundHound AI, Infobird Co, AppLovin, Veritone, JFrog, and Informatica were among the gainers, with notable increases in their stock prices following recent earnings reports. Conversely, One Stop Systems, Fastly, MariaDB, WeTrade Group, Twilio, and Datasea experienced declines, also influenced by their latest earnings outcomes.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 1:05 pm

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