HC Wainwright reiterated their buy rating on shares of AudioEye (NASDAQ:AEYE – Free Report) in a research report report published on Wednesday morning, Benzinga reports. They currently have a $17.00 price objective on the stock.
AEYE has been the topic of several other research reports. Craig Hallum lifted their target price on shares of AudioEye from $10.00 to $20.00 and gave the company a buy rating in a report on Wednesday, April 10th. B. Riley boosted their price objective on shares of AudioEye from $10.00 to $14.00 and gave the stock a buy rating in a report on Wednesday, April 10th.
Check Out Our Latest Stock Report on AudioEye
AudioEye Stock Performance
AudioEye (NASDAQ:AEYE – Get Free Report) last posted its earnings results on Wednesday, March 6th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.11. The business had revenue of $7.87 million for the quarter, compared to analyst estimates of $7.91 million. AudioEye had a negative net margin of 18.75% and a negative return on equity of 27.55%. As a group, equities research analysts expect that AudioEye will post 0.01 earnings per share for the current fiscal year.
Hedge Funds Weigh In On AudioEye
An institutional investor recently bought a new position in AudioEye stock. Potomac Capital Management Inc. bought a new position in AudioEye, Inc. (NASDAQ:AEYE – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,300 shares of the company’s stock, valued at approximately $100,000. Potomac Capital Management Inc. owned about 0.17% of AudioEye as of its most recent filing with the Securities and Exchange Commission. 51.11% of the stock is owned by institutional investors and hedge funds.
AudioEye Company Profile
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.
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