B. Riley Research Analysts Boost Earnings Estimates for AudioEye, Inc. (NASDAQ:AEYE)

AudioEye, Inc. (NASDAQ:AEYE) – Analysts at B. Riley raised their Q4 2024 earnings per share estimates for shares of AudioEye in a research note issued on Tuesday, April 23rd. B. Riley analyst Z. Cummins now anticipates that the company will earn $0.04 per share for the quarter, up from their previous estimate of $0.02. B. Riley currently has a “Buy” rating and a $18.50 target price on the stock. The consensus estimate for AudioEye’s current full-year earnings is $0.01 per share.

AudioEye (NASDAQ:AEYE) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $7.87 million during the quarter, compared to the consensus estimate of $7.91 million. AudioEye had a negative return on equity of 12.39% and a negative net margin of 14.83%.

A number of other brokerages have also recently weighed in on AEYE. HC Wainwright restated a “buy” rating and issued a $17.00 price objective on shares of AudioEye in a report on Wednesday. Craig Hallum upped their price target on AudioEye from $10.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th.

AudioEye Stock Down 3.8 %

Shares of AudioEye stock opened at $14.29 on Friday. AudioEye has a 1 year low of $3.75 and a 1 year high of $16.22. The firm has a market cap of $166.62 million, a price-to-earnings ratio of -36.64 and a beta of 1.36. The company has a 50-day moving average of $9.68 and a 200 day moving average of $6.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.28 and a quick ratio of 1.28.

Hedge Funds Weigh In On AudioEye

A hedge fund recently bought a new position in AudioEye stock. Potomac Capital Management Inc. bought a new position in AudioEye, Inc. (NASDAQ:AEYE) in the 3rd quarter, according to its most recent disclosure with the Securities & 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 & Exchange Commission. 51.11% of the stock is owned by institutional investors.

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.