Somewhat Favorable Media Coverage Somewhat Likely to Impact Sonic Foundry (SOFO) Stock Price

Somewhat Favorable Media Coverage Somewhat Likely to Impact Sonic Foundry (SOFO) Stock Price

News stories about Sonic Foundry (NASDAQ:SOFO) have trended somewhat positive this week, according to AlphaOne Sentiment. The research firm, a subsidiary of Accern, rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sonic Foundry earned a news sentiment score of 0.22 on AlphaOne’s scale. AlphaOne also assigned headlines about the software maker an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the near future.

Shares of Sonic Foundry (NASDAQ SOFO) traded down 0.0389% during mid-day trading on Tuesday, hitting $4.1084. The stock had a trading volume of 340 shares. The stock’s market cap is $18.28 million. The company’s 50 day moving average price is $4.70 and its 200 day moving average price is $4.82. Sonic Foundry has a 12-month low of $3.72 and a 12-month high of $6.79.

Sonic Foundry (NASDAQ:SOFO) last issued its quarterly earnings data on Thursday, May 11th. The software maker reported ($0.33) EPS for the quarter. Sonic Foundry had a negative return on equity of 58.40% and a negative net margin of 9.48%. The firm had revenue of $8.56 million during the quarter. Equities research analysts predict that Sonic Foundry will post $0.23 EPS for the current fiscal year.

In other news, major shareholder Andrew D. Burish acquired 25,000 shares of the business’s stock in a transaction on Wednesday, March 8th. The shares were purchased at an average price of $5.20 per share, for a total transaction of $130,000.00. Following the acquisition, the insider now directly owns 460,000 shares of the company’s stock, valued at approximately $2,392,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired a total of 31,000 shares of company stock worth $160,030 in the last quarter. 24.10% of the stock is currently owned by company insiders.

About Sonic Foundry

Sonic Foundry, Inc is engaged in the business of providing enterprise solutions and services for the Web communications market. The Company is engaged in offering video capture, management and Webcasting solutions in education, business and government. Using its Mediasite Webcasting platform and Webcast services of the Company’s events team, the Company allows its customers to share knowledge online, using video Webcasts to bridge time and distance, and develop learning outcomes.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SOFO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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