Auddia (NASDAQ:AUUD) Posts Earnings Results, Beats Estimates By $1.18 EPS

Auddia (NASDAQ:AUUDGet Free Report) announced its quarterly earnings data on Friday. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $1.18, FiscalAI reports.

Auddia Stock Down 6.1%

Shares of AUUD stock traded down $0.05 during trading hours on Friday, hitting $0.72. 112,387 shares of the company were exchanged, compared to its average volume of 3,068,439. Auddia has a 1 year low of $0.66 and a 1 year high of $7.29. The firm has a market cap of $2.24 million, a PE ratio of -0.03 and a beta of 1.01. The firm has a fifty day moving average of $0.92 and a 200 day moving average of $1.39.

Institutional Trading of Auddia

An institutional investor recently bought a new position in Auddia stock. Geode Capital Management LLC purchased a new stake in shares of Auddia Inc. (NASDAQ:AUUDFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned about 0.86% of Auddia at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Auddia in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Read Our Latest Research Report on Auddia

About Auddia

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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.

Further Reading

Earnings History for Auddia (NASDAQ:AUUD)

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