Sound Group (NASDAQ:SOGP) Director Ming Zhang Sells 1,001 Shares of Stock

Sound Group, Inc. (NASDAQ:SOGP) Director Ming Zhang sold 1,001 shares of Sound Group stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $16.88, for a total value of $16,896.88. Following the completion of the sale, the director owned 23,798 shares in the company, valued at approximately $401,710.24. This trade represents a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sound Group Price Performance

Sound Group stock opened at $18.22 on Tuesday. Sound Group, Inc. has a 1-year low of $1.18 and a 1-year high of $37.00. The company has a market cap of $90.01 million, a PE ratio of 202.44 and a beta of 2.48. The stock’s 50 day moving average price is $14.40 and its 200 day moving average price is $14.37.

Sound Group (NASDAQ:SOGP) last issued its quarterly earnings data on Wednesday, April 1st. The company reported $2.39 earnings per share (EPS) for the quarter. The firm had revenue of $0.12 million for the quarter.

Sound Group Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Tuesday, May 12th. Investors of record on Wednesday, April 22nd will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, April 22nd.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SOGP. Wall Street Zen cut Sound Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Sound Group in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sound Group presently has a consensus rating of “Sell”.

About Sound Group

Sound Group Inc is a global, AI-powered audio company on a mission to help people connect better and live happier. Leveraging its voice AI technologies and deep expertise in audio interaction, Sound Group is building a diverse ecosystem of intelligent audio products that cater to a global user base. By integrating technology, innovative products, and real-world data within a user-centric ecosystem, the Company generates a powerful growth flywheel that drives continuous innovation and accelerates global expansion.