Cantor Fitzgerald Forecasts SoundHound AI FY2024 Earnings

On February 24th, 2025, analysts from Cantor Fitzgerald released their earnings forecasts for SoundHound AI, Inc. (NASDAQ:SOUN). Analyst T. Blakey is predicting a loss of ($0.37) per share for the fiscal year 2024. Currently, Cantor Fitzgerald maintains a “Hold” rating for the stock, which is in line with the overall market consensus. The existing consensus estimate for SoundHound AI’s fiscal year earnings stands at a loss of ($0.38) per share. Additionally, Cantor Fitzgerald has provided projections for the fiscal year 2025, estimating earnings at ($0.21) per share.

SoundHound AI recently reported its quarterly earnings on February 27th, revealing a loss of ($0.69) per share. This result fell short of analysts’ expectations, which had anticipated a loss of ($0.11) per share. The company exhibited a negative return on equity of 55.58% and a significant negative net margin of 163.58%.

Analyst Ratings and Target Prices

In recent weeks, various analysts have published their evaluations of SoundHound AI stock. For instance, on December 16th, Wedbush lifted their target price from $10.00 to $22.00 and categorized the company as “outperform.” HC Wainwright reiterated a “buy” rating along with a $26.00 target price on January 13th. Likewise, on January 14th, Northland Securities increased their target from $6.00 to $8.00 while maintaining a “market perform” rating. Meanwhile, Barclays and LADENBURG THALM/SH SH both maintained “neutral” ratings with target prices of $7.00 for SoundHound AI shares. Overall, four analysts rate the stock as a hold, while three have issued buy ratings. According to MarketBeat, SoundHound AI currently holds an average rating of “Hold” with an average price target of $12.36.

Stock Performance Review

On Wednesday, SoundHound AI shares opened at $9.21. Over the past year, the stock has experienced a low of $3.50 and a high of $24.98. The company possesses a debt-to-equity ratio of 0.13, with both a current ratio and a quick ratio of 2.58. The stock's 50-day moving average is recorded at $15.41, while the 200-day moving average is $9.84. SoundHound AI is valued at a market capitalization of $3.62 billion and holds a price-to-earnings ratio of -25.58 alongside a beta of 2.56.

Institutional Investment Activity

In the realm of institutional investments, several firms have adjusted their positions in SoundHound AI. Notably, Vanguard Group Inc. increased its holdings by 35.6% during the fourth quarter, amassing a total of 32,031,662 shares valued at approximately $635 million after acquiring an additional 8,402,881 shares. Rockefeller Capital Management also initiated a new stake valued at around $41.6 million. Invesco Ltd. made significant adjustments as well, raising its ownership by a staggering 1,386.2% during the same period, now holding 1,382,371 shares valued at $27.4 million. Driehaus Capital Management and Capital Fund Management both purchased new positions worth about $16.4 million and $16.1 million, respectively. Collectively, institutional investors command 19.28% of SoundHound AI’s stock.

Insider Transactions

In insider activity, Vice President Majid Emami sold 94,067 shares on December 2nd at an average price of $9.05, totaling approximately $851,306.35. Post-transaction, his ownership decreased to 735,685 shares with a value of around $6.66 million. CEO Keyvan Mohajer also sold shares, offloading 465,394 shares on December 9th at $15.04 per share, yielding roughly $7 million. After this transaction, he retains ownership of 2,299,148 shares valued at about $34.58 million. Over the past 90 days, insiders have sold a total of 2,722,918 shares, accumulating to about $44.9 million. Currently, insiders hold approximately 12.28% of the company’s stock.

About SoundHound AI, Inc.

SoundHound AI, Inc. specializes in developing independent voice artificial intelligence (AI) solutions. Its technology enables businesses across various sectors such as automotive, TV, IoT, and customer service to provide high-quality conversational experiences. Notable products include the Houndify platform, which helps brands build conversational voice assistants, as well as SoundHound Chat AI and Smart Answering solutions tailored for enhanced user interactions.

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