Maxim Group Sticks to Its Buy Rating for Auddia (AUUD)

In a report released yesterday, Allen Klee from Maxim Group maintained a Buy rating on Auddia (AUUDResearch Report), with a price target of $4.00. The company’s shares closed yesterday at $1.29.

Klee covers the Technology sector, focusing on stocks such as Research Solutions, Zedge, and CareCloud, Inc.. According to TipRanks, Klee has an average return of -25.1% and a 18.91% success rate on recommended stocks.

Currently, the analyst consensus on Auddia is a Moderate Buy with an average price target of $4.00.

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Based on Auddia’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.05 million. In comparison, last year the company had a GAAP net loss of $753.52 thousand

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Auddia Inc is a technology company that is engaged in radio broadcasts and streaming audio content digitally. Its products include Auddia App which is a subscription based commercial free AM/FM software application; and Vodacast is an interactive podcasting platform and application. The company generates revenue through subscription fees from customers accessing the company’s cloud-based computing services and advertisement services.

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