AudioEye (NASDAQ:AEYE) Price Target Lowered to $20.00 at B. Riley

AudioEye (NASDAQ:AEYE) had its price target trimmed by B. Riley from $26.00 to $20.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of AudioEye in a research note on Wednesday, April 2nd. HC Wainwright reduced their price objective on AudioEye from $37.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AudioEye presently has a consensus rating of “Buy” and a consensus target price of $26.40.

AudioEye Stock Down 0.2 %

AEYE stock opened at $10.92 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.84 and a current ratio of 0.84. AudioEye has a fifty-two week low of $8.91 and a fifty-two week high of $34.85. The company has a market capitalization of $135.70 million, a price-to-earnings ratio of -40.44, a price-to-earnings-growth ratio of 2.03 and a beta of 1.39. The business’s 50 day moving average price is $12.30 and its two-hundred day moving average price is $17.96.

Insider Buying and Selling at AudioEye

In related news, Director James B. Hawkins bought 13,300 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average cost of $15.39 per share, with a total value of $204,687.00. Following the acquisition, the director now owns 114,382 shares in the company, valued at $1,760,338.98. This trade represents a 13.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 40.70% of the stock is owned by corporate insiders.

Institutional Trading of AudioEye

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC raised its holdings in AudioEye by 37.7% during the third quarter. Barclays PLC now owns 10,181 shares of the company’s stock valued at $233,000 after acquiring an additional 2,788 shares during the period. Franklin Resources Inc. bought a new stake in shares of AudioEye in the third quarter worth about $363,000. R Squared Ltd purchased a new stake in shares of AudioEye in the fourth quarter worth about $36,000. Ieq Capital LLC purchased a new position in AudioEye during the 4th quarter valued at approximately $153,000. Finally, Skylands Capital LLC bought a new stake in AudioEye in the 4th quarter worth approximately $206,000. 51.11% of the stock is owned by hedge funds and other institutional investors.

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.