Auddia (NASDAQ:AUUD) Trading Up 2.9% – Still a Buy?

Shares of Auddia Inc. (NASDAQ:AUUD) were up 2.9% during trading on Thursday . The company traded as high as $1.43 and last traded at $1.40. Approximately 326,169 shares traded hands during trading, a decline of 75% from the average session volume of 1,285,415 shares. The stock had previously closed at $1.36.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Auddia from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Auddia Price Performance

The company has a market cap of $8.12 million, a P/E ratio of -0.03 and a beta of 0.46. The stock has a fifty day moving average price of $1.53 and a two-hundred day moving average price of $4.78.

Auddia (NASDAQ:AUUD) last announced its quarterly earnings results on Friday, May 15th. The company reported ($5.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($5.00) by ($0.09).

Institutional Trading of Auddia

An institutional investor recently bought a new stake in Auddia stock. Virtu Financial LLC purchased a new position in shares of Auddia Inc. (NASDAQ:AUUD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned about 1.33% of Auddia as of its most recent filing with the Securities and Exchange Commission (SEC).

Auddia Company Profile

Auddia Inc (NASDAQ: AUUD) develops and markets patented audio solutions that transform how live and recorded content is distributed and accessed. Through its subsidiaries AudioFetch and Podscribe, the company offers plug-and-play hardware and software for venues such as restaurants, fitness centers, and corporate waiting areas to stream live radio and other audio channels directly to patrons’ smartphones. In parallel, Auddia’s automated speech-to-text technology powers real-time closed captioning for live radio broadcasts and on-demand transcription services for podcast publishers.

The AudioFetch platform, integrated into venue networks, captures local audio feeds and delivers them via a branded mobile app or web portal.