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Audinate Group ( (AU:AD8) ) has issued an update.
Audinate Group Limited has issued 869,187 fully paid ordinary shares at A$7.076995 per share to facilitate the acquisition of Iris Studio, Inc. This strategic move, announced on June 25, 2025, is part of Audinate’s expansion efforts, potentially enhancing its market position in the audio networking industry. The issuance was conducted without disclosure under specific provisions of the Corporations Act, and the company remains compliant with its reporting obligations.
The most recent analyst rating on (AU:AD8) stock is a Buy with a A$12.00 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.
More about Audinate Group
Audinate Group Ltd, headquartered in Australia, is a leader in the audio over IP networking industry with its award-winning Dante technology. This solution is widely used in professional live sound, commercial installations, broadcasting, public address, and recording industries, replacing traditional analogue audio cables with Ethernet-based transmission. The company operates globally with offices in the United States, United Kingdom, and Hong Kong, and its shares are traded on the Australian Securities Exchange under the ticker code AD8.
YTD Price Performance: -8.37%
Average Trading Volume: 226,735
Technical Sentiment Signal: Sell
Current Market Cap: A$566M
See more insights into AD8 stock on TipRanks’ Stock Analysis page.