AudioEye (NASDAQ:AEYE) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS

AudioEye (NASDAQ:AEYEGet Rating) issued its earnings results on Thursday. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.11, Fidelity Earnings reports. AudioEye had a negative net margin of 57.96% and a negative return on equity of 67.45%. During the same period in the prior year, the business earned ($0.27) EPS.

NASDAQ:AEYE traded up $0.11 during trading hours on Friday, hitting $3.93. The company had a trading volume of 34,205 shares, compared to its average volume of 23,674. The company has a market capitalization of $45.08 million, a PE ratio of -2.93 and a beta of 2.17. The stock has a 50-day moving average price of $5.75 and a 200 day moving average price of $6.79. AudioEye has a 52 week low of $3.75 and a 52 week high of $21.99.

AEYE has been the topic of several analyst reports. HC Wainwright decreased their target price on shares of AudioEye from $17.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, January 20th. Zacks Investment Research upgraded shares of AudioEye from a “sell” rating to a “hold” rating in a report on Wednesday, March 16th. Finally, B. Riley cut their price target on shares of AudioEye from $10.50 to $9.00 in a report on Friday.

Large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its holdings 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 acquiring an additional 9,000 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of AudioEye during the 3rd quarter valued at $215,000. Morgan Stanley boosted its holdings in shares of AudioEye by 2,094.5% during the 2nd quarter. Morgan Stanley now owns 27,958 shares of the company’s stock valued at $469,000 after buying an additional 26,684 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in shares of AudioEye by 6.1% during the 4th 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, Two Sigma Investments LP bought a new stake in shares of AudioEye during the 3rd quarter valued at $365,000. Institutional investors and hedge funds own 31.41% of the company’s stock.

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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Earnings History for AudioEye (NASDAQ:AEYE)

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