AudioEye (NASDAQ:AEYE) Price Target Increased to $17.00 by Analysts at HC Wainwright

AudioEye (NASDAQ:AEYE) had its target price hoisted by equities researchers at HC Wainwright from $10.00 to $17.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price target points to a potential upside of 36.33% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. B. Riley upped their target price on shares of AudioEye from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Craig Hallum increased their price objective on AudioEye from $10.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th.

AudioEye Price Performance

Shares of AEYE opened at $12.47 on Thursday. AudioEye has a 12 month low of $3.75 and a 12 month high of $15.31. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a fifty day moving average price of $9.02 and a 200 day moving average price of $6.19. The company has a market cap of $145.40 million, a P/E ratio of -25.45 and a beta of 1.36.

AudioEye (NASDAQ:AEYE) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.11. AudioEye had a negative net margin of 18.75% and a negative return on equity of 27.55%. The business had revenue of $7.87 million during the quarter, compared to analyst estimates of $7.91 million. On average, research analysts forecast that AudioEye will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On AudioEye

Several large investors have recently bought and sold shares of AEYE. Cannell Capital LLC boosted its stake in AudioEye by 17.2% during the 1st quarter. Cannell Capital LLC now owns 697,787 shares of the company’s stock valued at $4,752,000 after purchasing an additional 102,173 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of AudioEye by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 302,261 shares of the company’s stock valued at $1,638,000 after buying an additional 5,001 shares during the period. BlackRock Inc. lifted its holdings in shares of AudioEye by 6.9% in the second quarter. BlackRock Inc. now owns 30,344 shares of the company’s stock valued at $148,000 after buying an additional 1,965 shares during the period. HighTower Advisors LLC bought a new position in AudioEye during the third quarter valued at about $149,000. Finally, Northern Trust Corp grew its holdings in AudioEye by 168.8% during the fourth quarter. Northern Trust Corp now owns 28,321 shares of the company’s stock worth $154,000 after acquiring an additional 17,786 shares during the period. Institutional investors and hedge funds own 51.11% of the company’s stock.

About AudioEye

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their 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.