Analysts Set Audioeye, Inc. (NASDAQ:AEYE) Target Price at $25.25

Audioeye, Inc. (NASDAQ:AEYE) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $25.25.

A number of analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Audioeye in a research report on Wednesday, October 8th. Wall Street Zen raised Audioeye from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, B. Riley lowered their price objective on Audioeye from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, August 8th.

Audioeye Stock Up 4.7%

Shares of NASDAQ AEYE opened at $14.84 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $184.16 million, a PE ratio of -43.65 and a beta of 0.58. The stock’s fifty day simple moving average is $13.56 and its two-hundred day simple moving average is $12.55. Audioeye has a 12-month low of $8.91 and a 12-month high of $34.85.

Insiders Place Their Bets

In other Audioeye news, Director Jamil A. Tahir acquired 12,359 shares of the stock in a transaction dated Friday, September 5th. The stock was purchased at an average price of $12.71 per share, with a total value of $157,082.89. Following the transaction, the director directly owned 220,000 shares of the company’s stock, valued at $2,796,200. This trade represents a 5.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James B. Hawkins acquired 8,000 shares of the stock in a transaction dated Monday, August 18th. The stock was acquired at an average cost of $10.95 per share, with a total value of $87,600.00. Following the transaction, the director directly owned 146,183 shares in the company, valued at approximately $1,600,703.85. This represents a 5.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 33,000 shares of company stock valued at $403,833 in the last three months. Insiders own 28.80% of the company’s stock.

Institutional Trading of Audioeye

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in Audioeye by 6.5% during the 1st quarter. Bank of New York Mellon Corp now owns 49,912 shares of the company’s stock valued at $554,000 after purchasing an additional 3,052 shares during the last quarter. CWM LLC grew its stake in Audioeye by 74.0% during the 1st quarter. CWM LLC now owns 4,870 shares of the company’s stock valued at $54,000 after purchasing an additional 2,071 shares during the last quarter. XTX Topco Ltd grew its stake in Audioeye by 61.1% during the 1st quarter. XTX Topco Ltd now owns 21,305 shares of the company’s stock valued at $236,000 after purchasing an additional 8,084 shares during the last quarter. US Bancorp DE grew its stake in Audioeye by 3,634.2% during the 1st quarter. US Bancorp DE now owns 2,950 shares of the company’s stock valued at $33,000 after purchasing an additional 2,871 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Audioeye by 11.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 24,979 shares of the company’s stock valued at $277,000 after purchasing an additional 2,618 shares during the last quarter. Institutional investors and hedge funds own 51.11% of the company’s stock.

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.