Intelligent Investor

Audinate downgraded to Hold

We're downgrading this digital audio networking company to Hold.
By · 7 Mar 2019
By ·
7 Mar 2019 · 1 min read
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Recommendation

Audinate Group limited - AD8
Buy
below 5.00
Hold
up to 12.00
Sell
above 12.00
Buy Hold Sell Meter
HOLD at $5.41
Current price
$18.25 at 16:40 (23 April 2024)

Price at review
$5.41 at (07 March 2019)

Max Portfolio Weighting
3%

Business Risk
High

Share Price Risk
High
All Prices are in AUD ($)

We've been waiting for Audinate to settle firmly above our $5 Speculative Buy price before downgrading. With today's surge of around 7%, it doesn't exactly appear to have settled, but it is firmly above that price, so we're downgrading to HOLD.

Disclosure: The author owns shares in Audinate.

Note: Our Model Growth Portfolio owns shares in Audinate.

Note: The Intelligent Investor Equity Growth Fund owns shares in Audinate.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
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