Audience Price Target Cut to $13.00 (ADNC)
Equities researchers at JPMorgan Chase & Co. dropped their price target on shares of Audience (NASDAQ:ADNC) from $14.00 to $13.00 in a research report issued on Friday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 61.49% from the company’s current price.
A number of other firms have also recently commented on ADNC. Analysts at Credit Suisse cut their price target on shares of Audience from $11.00 to $9.00 in a research note on Friday. Separately, analysts at Topeka Capital Markets cut their price target on shares of Audience from $15.00 to $10.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Audience in a research note on Friday. They now have a $9.00 price target on the stock, down previously from $15.00. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Audience currently has an average rating of “Hold” and an average target price of $10.50.
Shares of Audience (NASDAQ:ADNC) traded down 15.53% on Friday, hitting $8.05. 1,254,293 shares of the company’s stock traded hands. Audience has a one year low of $7.80 and a one year high of $13.59. The stock has a 50-day moving average of $11.23 and a 200-day moving average of $11.73. The company’s market cap is $180.1 million.
Audience (NASDAQ:ADNC) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.10) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.12) by $0.02. The company had revenue of $37.50 million for the quarter, compared to the consensus estimate of $38.60 million. During the same quarter last year, the company posted $0.24 earnings per share. Audience’s revenue was down 17.2% compared to the same quarter last year. On average, analysts predict that Audience will post $-0.38 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.