Auddia (NASDAQ:AUUD – Get Free Report) posted its quarterly earnings data on Friday. The company reported ($0.71) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.08) by $2.37, Zacks reports.
Auddia Price Performance
AUUD remained flat at $1.02 on Friday. The company’s stock had a trading volume of 454,897 shares, compared to its average volume of 3,096,362. Auddia has a 12 month low of $0.82 and a 12 month high of $23.79. The stock has a market capitalization of $5.92 million, a price-to-earnings ratio of -0.03 and a beta of 0.50. The firm’s fifty day moving average is $1.24 and its 200-day moving average is $3.41.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded shares of Auddia from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.
Institutional Trading of Auddia
An institutional investor recently bought a new stake in Auddia stock. Geode Capital Management LLC purchased a new stake in Auddia Inc. (NASDAQ:AUUD – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned about 0.86% of Auddia as of its most recent filing with the Securities and Exchange Commission (SEC).
About Auddia
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.
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