Northland Securities analyst Michael Latimore maintained a Buy rating on SoundHound AI, Inc Class A (SOUN – Research Report) today and set a price target of $4.00. The company’s shares closed yesterday at $1.98.
According to TipRanks, Latimore is a 5-star analyst with an average return of 16.5% and a 50.40% success rate. Latimore covers the Technology sector, focusing on stocks such as SoundHound AI, Inc Class A, Cantaloupe, and Iteris.
SoundHound AI, Inc Class A has an analyst consensus of Strong Buy, with a price target consensus of $4.40.
See today’s best-performing stocks on TipRanks >>
Based on SoundHound AI, Inc Class A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $13.27 million and a GAAP net loss of $20.2 million. In comparison, last year the company earned a revenue of $11.19 million and had a GAAP net loss of $30.06 million
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SOUN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
SoundHound AI, Inc Class A (SOUN) Company Description:
SoundHound AI Inc is an innovator of conversational intelligence, offering an independent Voice AI platform that enables businesses across industries to deliver high-quality conversational experiences to customers.
Read More on SOUN:
- 2024 Considerations: 2 AI Stocks with Over 30% Upside Potential
- SoundHound acquires SYNQ3 to expand AI customer service, no terms
- SOUN, BBAI: 2 AI Stocks Under $5 Worth Keeping an Eye on
- SoundHound reports Q3 EPS (9c), consensus (9c)
- SoundHound AI options imply 9.8% move in share price post-earnings
