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Sonic Foundry (NASDAQ:SOFO) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday. They currently have a $10.10 price objective on the stock. Zacks‘s target price indicates a potential downside of 4.72% from the stock’s previous close.

Sonic Foundry (NASDAQ:SOFO) remained flat at $10.60 during trading on Tuesday. The stock had a trading volume of 1,018 shares. Sonic Foundry has a 52-week low of $8.20 and a 52-week high of $12.70. The stock’s 50-day moving average is $10.68 and its 200-day moving average is $10.45. The company’s market cap is $45.0 million.

Sonic Foundry (NASDAQ:SOFO) last released its earnings data on Wednesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.13. Analysts expect that Sonic Foundry will post $-0.19 EPS for the current fiscal year.

Sonic Foundry, Inc (NASDAQ:SOFO) is engaged in Web communications technology, providing Webcasting, lecture capture and knowledge management solutions for higher education institutions, businesses and government agencies globally.

To view Zacks’ full report, visit Zacks’ official website.

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