Audience Stock Rating Lowered by Benchmark Co. (ADNC)
Audience (NASDAQ:ADNC) was downgraded by analysts at Benchmark Co. from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports.
Shares of Audience (NASDAQ:ADNC) opened at 12.66 on Monday. Audience has a one year low of $5.51 and a one year high of $18.90. The stock’s 50-day moving average is $10.7 and its 200-day moving average is $13.39. The company has a market cap of $271.2 million and a P/E ratio of 19.69.
Audience (NASDAQ:ADNC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.08. The company had revenue of $45.30 million for the quarter, compared to the consensus estimate of $44.94 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 35.6% on a year-over-year basis. On average, analysts predict that Audience will post $0.38 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Chardan Capital upgraded shares of Audience from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, October 8th. They now have a $15.00 price target on the stock, up previously from $9.00. Separately, analysts at TheStreet upgraded shares of Audience from a “sell” rating to a “hold” rating in a research note to investors on Thursday, September 26th. Finally, analysts at TheStreet downgraded shares of Audience from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.50.
In other Audience news, CEO Peter Santos sold 9,000 shares of Audience stock on the open market in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $12.10, for a total value of $108,900.00. Following the completion of the sale, the chief executive officer now directly owns 3,966 shares of the company’s stock, valued at approximately $47,989. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Audience, Inc, is a provider of voice and audio solutions that improve voice quality and the user experience in mobile devices.
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