((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
November 13 – ** Shares of voice intelligence platform SoundHound AI SOUN.O fall 16.8% to $6.29; they should have their worst day since March
** Company reports third-quarter adjusted gross margin of 59.7%, down from 73.7% last year
** Broker Wedbush says the company was negatively impacted by the change in business mix following the acquisition of Amelia, which weighed on margins in the short term
** Ladenburg downgrades SoundHound from “buy” to “neutral”, according to thefly.com
** The short-term absorption of losses linked to the acquisition of Amelia as well as the rapid appreciation of the share price motivated the lowering of the rating
** SOUN, in which Nvidia NVDA.O is an investor, however, beat its third-quarter revenue and profit
** Wedbush, again, raises PT from $9 to $10, citing growing demand for SOUN's voice-enabled ecosystem and business expansion
**The average rating of seven brokerage firms is “buy”; the median forecast is $7
** Share value has more than doubled since the start of the year
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