Auddia (NASDAQ:AUUD) Posts Quarterly Earnings Results, Beats Estimates By $2.37 EPS

Auddia (NASDAQ:AUUD) posted its quarterly earnings data on Friday. The company reported ($0.71) EPS for the quarter, beating the consensus estimate of ($3.08) by $2.37, Zacks reports.

Auddia Stock Performance

NASDAQ:AUUD opened at $1.02 on Friday. Auddia has a 1 year low of $0.82 and a 1 year high of $23.79. The business has a fifty day moving average of $1.23 and a 200-day moving average of $3.40. The stock has a market cap of $5.92 million, a price-to-earnings ratio of -0.03 and a beta of 0.50.

Institutional Investors Weigh In On Auddia

An institutional investor recently bought a new position in Auddia stock. Geode Capital Management LLC purchased a new position in shares of Auddia Inc. (NASDAQ:AUUD) during the 4th quarter, according to the company in its most recent 13F filing with the 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 SEC filing.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Auddia from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Auddia has an average rating of “Sell”.

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.