Ma Investment Partnership LP Makes New Investment in Sound Group, Inc. $SOGP

Ma Investment Partnership LP purchased a new position in shares of Sound Group, Inc. (NASDAQ:SOGP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $1,122,000. Sound Group makes up approximately 0.2% of Ma Investment Partnership LP’s holdings, making the stock its 13th biggest holding.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SOGP. Weiss Ratings downgraded Sound Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Wall Street Zen cut shares of Sound Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Sound Group has a consensus rating of “Hold”.

Sound Group Trading Up 8.8%

SOGP opened at $13.46 on Thursday. The firm has a market cap of $60.70 million, a price-to-earnings ratio of -11.12 and a beta of 2.45. Sound Group, Inc. has a 12 month low of $3.40 and a 12 month high of $37.00. The stock has a fifty day moving average price of $11.35 and a 200-day moving average price of $13.34.

Sound Group (NASDAQ:SOGP) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $124.42 million for the quarter.

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.