Auddia (NASDAQ:AUUD) Posts Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Auddia (NASDAQ:AUUDGet Free Report) issued its earnings results on Friday. The company reported ($5.09) earnings per share for the quarter, missing the consensus estimate of ($5.00) by ($0.09), FiscalAI reports.

Auddia Stock Up 60.7%

NASDAQ:AUUD traded up $0.74 during mid-day trading on Friday, reaching $1.96. 137,912,642 shares of the stock were exchanged, compared to its average volume of 5,105,599. The company has a 50 day simple moving average of $4.28 and a 200-day simple moving average of $6.58. The stock has a market capitalization of $980,000.00, a P/E ratio of -0.01 and a beta of 0.66. Auddia has a 1 year low of $1.16 and a 1 year high of $56.13.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Auddia stock. Virtu Financial LLC purchased a new position in shares of Auddia Inc. (NASDAQ:AUUDFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 SEC filing.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Auddia from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Auddia has an average rating of “Sell”.

Get Our Latest Stock Analysis on Auddia

About Auddia

(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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