Auddia (AUUD) to Release Earnings on Wednesday

Auddia (NASDAQ:AUUD) is expected to announce its results before the market opens on Wednesday, June 3rd. Analysts expect the company to announce earnings of ($5.0050) per share for the quarter.

Auddia (NASDAQ:AUUD) last released its earnings results on Friday, May 15th. The company reported ($5.09) EPS for the quarter, missing the consensus estimate of ($5.00) by ($0.09).

Auddia Stock Up 2.7%

AUUD stock opened at $1.53 on Wednesday. Auddia has a 12 month low of $1.16 and a 12 month high of $56.13. The firm has a market cap of $8.20 million, a P/E ratio of -0.04 and a beta of 0.66. The company’s 50-day moving average price is $3.65 and its two-hundred day moving average price is $6.14.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Auddia from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Auddia

An institutional investor recently bought a new position in Auddia stock. Geode Capital Management LLC purchased a new stake in shares of Auddia Inc. (NASDAQ:AUUD) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned about 0.86% of Auddia at the end of the most recent quarter.

Auddia Company Profile

Auddia Inc (NASDAQ: AUUD) develops and markets patented audio solutions that transform how live and recorded content is distributed and accessed. Through its subsidiaries AudioFetch and Podscribe, the company offers plug-and-play hardware and software for venues such as restaurants, fitness centers, and corporate waiting areas to stream live radio and other audio channels directly to patrons’ smartphones. In parallel, Auddia’s automated speech-to-text technology powers real-time closed captioning for live radio broadcasts and on-demand transcription services for podcast publishers.

The AudioFetch platform, integrated into venue networks, captures local audio feeds and delivers them via a branded mobile app or web portal.