HC Wainwright Weighs in on AudioEye, Inc.’s Q1 2023 Earnings (NASDAQ:AEYE)

AudioEye, Inc. (NASDAQ:AEYE – Get Rating) – Stock analysts at HC Wainwright reduced their Q1 2023 earnings per share estimates for shares of AudioEye in a research note issued on Monday, March 13th. HC Wainwright analyst S. Buck now forecasts that the company will post earnings of ($0.16) per share for the quarter, down from their previous estimate of ($0.14). HC Wainwright has a “Buy” rating and a $10.00 price objective on the stock. The consensus estimate for AudioEye’s current full-year earnings is ($0.64) per share. HC Wainwright also issued estimates for AudioEye’s Q2 2023 earnings at ($0.14) EPS, Q3 2023 earnings at ($0.08) EPS, Q4 2023 earnings at ($0.08) EPS and FY2023 earnings at ($0.46) EPS.

AudioEye Price Performance

Shares of AEYE opened at $5.05 on Wednesday. The company has a market capitalization of $58.83 million, a price-to-earnings ratio of -5.68 and a beta of 1.14. AudioEye has a fifty-two week low of $3.10 and a fifty-two week high of $7.78. The business’s 50-day moving average is $5.61 and its 200-day moving average is $5.34.

Institutional Investors Weigh In On AudioEye

Several large investors have recently made changes to their positions in AEYE. Prelude Capital Management LLC bought a new stake in AudioEye during the second quarter worth approximately $1,256,000. Cannell Capital LLC boosted its position in AudioEye by 17.2% during the first quarter. Cannell Capital LLC now owns 697,787 shares of the company’s stock worth $4,752,000 after purchasing an additional 102,173 shares during the period. Mendota Financial Group LLC bought a new stake in AudioEye during the fourth quarter worth approximately $155,000. Finally, Millennium Management LLC bought a new stake in AudioEye during the fourth quarter worth approximately $58,000. Institutional investors own 16.87% of the company’s stock.

AudioEye Company Profile

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AudioEye, Inc engages in the provision of digital accessibility technology solutions. It offers patented, Internet content publication and distribution software which enables the conversion of any media into an accessible format and allowing real-time distribution to end-users on any Internet connected device.