Auddia (AUUD) Projected to Post Earnings on Wednesday

Auddia (NASDAQ:AUUD) is expected to announce its results before the market opens on Wednesday, September 2nd. Analysts expect the company to announce earnings of ($3.85) per share and revenue of $0.0080 million for the quarter.

Auddia (NASDAQ:AUUD) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.71) EPS for the quarter, beating analysts’ consensus estimates of ($3.85) by $3.14. The company had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.01 million.

Auddia Stock Performance

Shares of AUUD stock opened at $0.97 on Monday. The stock’s 50 day simple moving average is $1.16 and its 200 day simple moving average is $2.95. Auddia has a twelve month low of $0.82 and a twelve month high of $19.64. The company has a market capitalization of $5.60 million, a price-to-earnings ratio of -0.05 and a beta of 0.50.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Auddia from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Auddia

A hedge fund recently bought a new position in Auddia stock. Virtu Financial LLC acquired a new position in shares of Auddia Inc. (NASDAQ:AUUD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned about 1.33% of Auddia as of its most recent filing with the Securities and Exchange Commission.

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.