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Equities research analysts at Chardan Capital decreased their price objective on shares of Audience (NASDAQ:ADNC) from $15.00 to $13.00 in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Chardan Capital’s price target would suggest a potential upside of 13.14% from the company’s current price.

Shares of Audience (NASDAQ:ADNC) traded down 1.31% during mid-day trading on Monday, hitting $11.34. The stock had a trading volume of 25,077 shares. Audience has a 52 week low of $8.86 and a 52 week high of $13.59. The stock has a 50-day moving average of $12.21 and a 200-day moving average of $11.8. The company’s market cap is $253.7 million.

Audience (NASDAQ:ADNC) last posted its quarterly 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. Analysts expect that Audience will post $-0.22 EPS for the current fiscal year.

ADNC has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Audience from $14.50 to $17.00 in a research note on Friday, May 2nd. Analysts at Credit Suisse raised their price target on shares of Audience from $10.00 to $11.00 in a research note on Friday, May 2nd. They now have a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $12.60.

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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