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Audience (NASDAQ:ADNC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Wednesday. They currently have a $7.80 price objective on the stock. Zacks‘s target price points to a potential downside of 5.45% from the company’s current price.

ADNC has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of Audience from $14.00 to $13.00 in a research note on Friday, August 1st. They now have an “overweight” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Audience from $11.00 to $9.00 in a research note on Friday, August 1st. Finally, 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, August 1st. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $10.11.

Audience (NASDAQ:ADNC) traded up 0.61% during mid-day trading on Wednesday, hitting $8.25. 224,509 shares of the company’s stock traded hands. Audience has a 52 week low of $7.80 and a 52 week high of $13.59. The stock has a 50-day moving average of $10.97 and a 200-day moving average of $11.68. The company’s market cap is $185.8 million.

Audience (NASDAQ:ADNC) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was down 17.2% on a year-over-year basis. Analysts expect that Audience will post $-0.80 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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