Shares of Auddia Inc. (NASDAQ:AUUD – Get Free Report) fell 7.8% during trading on Thursday . The company traded as low as $0.9501 and last traded at $0.9501. 150,857 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 179,280 shares. The stock had previously closed at $1.03.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded shares of Auddia from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.
Read Our Latest Report on Auddia
Auddia Stock Down 7.8%
Auddia (NASDAQ:AUUD – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported ($5.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($5.00) by ($0.09).
Institutional Investors Weigh In On Auddia
A hedge fund recently bought a new position in Auddia stock. Geode Capital Management LLC acquired a new stake in shares of Auddia Inc. (NASDAQ:AUUD – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned 0.86% of Auddia at the end of the most recent quarter.
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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