Auddia (NASDAQ:AUUD) Issues Earnings Results

Auddia (NASDAQ:AUUD) released 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 Price Performance

Shares of NASDAQ:AUUD traded down $0.05 during trading on Friday, reaching $0.72. The stock had a trading volume of 112,437 shares, compared to its average volume of 3,068,862. Auddia has a 52 week low of $0.66 and a 52 week high of $7.29. The business’s 50-day moving average price is $0.92 and its 200 day moving average price is $1.39. The stock has a market capitalization of $2.24 million, a PE ratio of -0.03 and a beta of 1.01.

Institutional Investors Weigh In On Auddia

An institutional investor recently bought a new position in Auddia stock. Virtu Financial LLC bought a new position in shares of Auddia Inc. (NASDAQ:AUUD) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned approximately 1.33% of Auddia at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Auddia in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

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.