Audience Given New $11.00 Price Target at Credit Suisse (ADNC)
Credit Suisse lifted their target price on shares of Audience (NASDAQ:ADNC) from $10.00 to $11.00 in a research note issued on Friday, Analyst Ratings News reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective points to a potential downside of 8.71% from the company’s current price.
A number of other analysts have also recently weighed in on ADNC. Analysts at Topeka Capital Markets initiated coverage on shares of Audience in a research note on Monday, March 24th. They set a “buy” rating on the stock. Analysts at TheStreet upgraded shares of Audience from a “sell” rating to a “hold” rating in a research note on Monday, March 17th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.00.
Shares of Audience (NASDAQ:ADNC) opened at 12.05 on Friday. Audience has a one year low of $8.86 and a one year high of $16.91. The stock has a 50-day moving average of $12.17 and a 200-day moving average of $11.4. The company has a market cap of $268.2 million and a P/E ratio of 128.11.
Audience (NASDAQ:ADNC) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.18) by $0.03. The company had revenue of $36.08 million for the quarter, compared to the consensus estimate of $34.75 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down 23.6% on a year-over-year basis. On average, analysts predict that Audience will post $-0.15 earnings per share for the current fiscal year.
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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