Auddia (NASDAQ:AUUD – Get Free Report) posted its earnings results on Friday. The company reported ($0.71) EPS for the quarter, topping analysts’ consensus estimates of ($3.08) by $2.37, Zacks reports.
Auddia Price Performance
Auddia stock remained flat at $1.02 during trading on Friday. The company had a trading volume of 454,897 shares, compared to its average volume of 3,096,362. 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 business’s 50 day moving average is $1.24 and its 200-day moving average is $3.41. Auddia has a one year low of $0.82 and a one year high of $23.79.
Analysts Set New Price Targets
Separately, Weiss Ratings cut shares of Auddia from a “sell (e+)” rating to a “sell (e)” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Auddia stock. Geode Capital Management LLC purchased a new stake in shares of Auddia Inc. (NASDAQ:AUUD – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned approximately 0.86% of Auddia at the end of the most recent reporting period.
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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