Audience Price Target Lowered to $9.00 at Credit Suisse (ADNC)
Equities research analysts at Credit Suisse decreased their price objective on shares of Audience (NASDAQ:ADNC) from $11.00 to $9.00 in a research note issued to investors on Friday. Credit Suisse’s price objective would suggest a potential upside of 11.80% from the stock’s previous close.
A number of other firms have also recently commented on ADNC. 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. Separately, 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. Finally, analysts at Chardan Capital downgraded shares of Audience from a “buy” rating to a “neutral” rating in a research note on Friday. They now have a $9.00 price target on the stock, down previously from $13.00. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.50.
Shares of Audience (NASDAQ:ADNC) traded down 15.53% during mid-day trading on Friday, hitting $8.05. The stock had a trading volume of 1,254,293 shares. Audience has a 52 week low of $7.80 and a 52 week high of $13.59. The stock’s 50-day moving average is $11.23 and its 200-day moving average is $11.73. The company’s market cap is $180.1 million.
Audience (NASDAQ:ADNC) last released its earnings data on Thursday, July 31st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was down 17.2% on a year-over-year basis. Analysts expect that Audience will post $-0.38 EPS 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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