Auddia (NASDAQ:AUUD) Issues Earnings Results, Beats Estimates By $2.37 EPS

Auddia (NASDAQ:AUUD) issued its quarterly earnings data on Friday. The company reported ($0.71) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.08) by $2.37, Zacks reports.

Auddia Price Performance

AUUD stock remained flat at $1.02 during midday trading on Friday. 454,897 shares of the company’s stock were exchanged, compared to its average volume of 7,202,423. The company has a market cap of $5.92 million, a P/E ratio of -0.03 and a beta of 0.50. Auddia has a fifty-two week low of $0.82 and a fifty-two week high of $23.79. The company’s 50-day moving average is $1.23 and its 200-day moving average is $3.40.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Auddia from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Hedge Funds 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) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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.