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

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

Auddia Stock Down 6.1%

AUUD stock traded down $0.05 during mid-day trading on Friday, reaching $0.72. 112,387 shares of the company traded hands, compared to its average volume of 3,068,439. The firm’s 50 day moving average price is $0.92 and its 200 day moving average price is $1.39. Auddia has a fifty-two week low of $0.66 and a fifty-two week high of $7.29. The stock has a market cap of $2.24 million, a price-to-earnings ratio of -0.03 and a beta of 1.01.

Wall Street Analyst Weigh In

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

View Our Latest Research Report on AUUD

Institutional Investors Weigh In On Auddia

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

Auddia Company Profile

(Get Free Report)

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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