AudioEye (NASDAQ:AEYE) Price Target Lowered to $9.00 at B. Riley

AudioEye (NASDAQ:AEYE – Get Rating) had its price target dropped by analysts at B. Riley from $10.50 to $9.00 in a note issued to investors on Friday, The Fly reports. B. Riley’s price target indicates a potential upside of 135.60% from the company’s current price.

Other research analysts have also recently issued research reports about the company. HC Wainwright lowered their price objective on AudioEye from $17.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, January 20th. Zacks Investment Research upgraded AudioEye from a “sell” rating to a “hold” rating in a research report on Wednesday, March 16th.

AEYE stock opened at $3.82 on Friday. The stock has a market capitalization of $43.82 million, a price-to-earnings ratio of -2.96 and a beta of 2.17. The business’s fifty day moving average price is $5.80 and its two-hundred day moving average price is $6.83. AudioEye has a fifty-two week low of $3.80 and a fifty-two week high of $23.39.

AudioEye (NASDAQ:AEYE – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.11. AudioEye had a negative return on equity of 67.45% and a negative net margin of 57.96%. During the same quarter in the previous year, the business posted ($0.27) EPS. Equities research analysts expect that AudioEye will post -1.5 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in AudioEye by 23,684.2% in the fourth quarter. Wells Fargo & Company MN now owns 9,038 shares of the company’s stock valued at $63,000 after buying an additional 9,000 shares in the last quarter. National Asset Management Inc. acquired a new stake in AudioEye in the fourth quarter valued at about $78,000. Two Sigma Advisers LP acquired a new stake in AudioEye in the third quarter valued at about $215,000. Susquehanna International Group LLP boosted its stake in AudioEye by 6.1% in the fourth quarter. Susquehanna International Group LLP now owns 32,673 shares of the company’s stock valued at $229,000 after buying an additional 1,873 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in AudioEye by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 51,983 shares of the company’s stock valued at $364,000 after buying an additional 2,792 shares in the last quarter. 31.41% of the stock is currently owned by institutional investors and hedge funds.

About AudioEye (Get Rating)

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet, print, broadcast, and other media to people regardless of their network connection, device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.

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