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Analysts at JPMorgan Chase & Co. increased their target price on shares of Audience (NASDAQ:ADNC) from $14.50 to $17.00 in a research report issued to clients and investors on Friday, Stock Ratings Network reports. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 41.08% from the company’s current price.

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’s 50-day moving average is $12.17 and its 200-day moving average is $11.4. The company has a market cap of $268.2 million and a price-to-earnings ratio of 128.11.

Audience (NASDAQ:ADNC) last announced its earnings results on Thursday, May 1st. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter 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.

ADNC has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of Audience from $10.00 to $11.00 in a research note on Friday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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 issued a buy rating to the company’s stock. Audience presently has a consensus rating of “Hold” and an average target price of $13.00.

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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