Auddia (NASDAQ:AUUD) Trading 2.9% Higher – Should You Buy?

Auddia Inc. (NASDAQ:AUUD) rose 2.9% during mid-day trading on Thursday . The stock traded as high as $1.43 and last traded at $1.40. 326,169 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 1,285,415 shares. The stock had previously closed at $1.36.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Auddia from a “sell (e)” rating to a “sell (e+)” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Auddia Price Performance

The stock’s 50 day moving average is $1.57 and its two-hundred day moving average is $4.81. The stock has a market capitalization of $8.12 million, a PE ratio of -0.03 and a beta of 0.45.

Auddia (NASDAQ:AUUD) last issued its quarterly earnings results on Friday, May 15th. The company reported ($5.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($5.00) by ($0.09).

Institutional Investors Weigh In On Auddia

An institutional investor recently bought a new position in Auddia stock. Virtu Financial LLC bought a new stake in Auddia Inc. (NASDAQ:AUUD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned about 1.33% of Auddia at the end of the most recent reporting period.

About Auddia

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.