Audioeye, Inc. (NASDAQ:AEYE) Given Average Rating of “Moderate Buy” by Brokerages

Audioeye, Inc. (NASDAQ:AEYE) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $20.6667.

AEYE has been the topic of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating on shares of Audioeye in a research report on Wednesday, November 5th. HC Wainwright set a $18.00 target price on shares of Audioeye and gave the company a “buy” rating in a report on Tuesday, January 27th. Finally, Roth Mkm reiterated a “buy” rating on shares of Audioeye in a research note on Tuesday, January 13th.

Insider Buying and Selling at Audioeye

In related news, Director James B. Hawkins purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average price of $11.90 per share, for a total transaction of $71,400.00. Following the transaction, the director directly owned 160,850 shares of the company’s stock, valued at approximately $1,914,115. The trade was a 3.87% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 18,000 shares of company stock worth $218,240 in the last three months. 28.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Audioeye by 19.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the company’s stock valued at $54,000 after purchasing an additional 806 shares during the period. Rhumbline Advisers lifted its holdings in shares of Audioeye by 14.5% in the 1st quarter. Rhumbline Advisers now owns 10,360 shares of the company’s stock valued at $115,000 after buying an additional 1,313 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of Audioeye in the 3rd quarter valued at approximately $26,000. State of Tennessee Department of Treasury boosted its stake in shares of Audioeye by 29.8% in the second quarter. State of Tennessee Department of Treasury now owns 17,525 shares of the company’s stock valued at $204,000 after buying an additional 4,025 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in Audioeye during the third quarter worth $80,000. 51.11% of the stock is currently owned by institutional investors and hedge funds.

Audioeye Trading Up 3.0%

Shares of Audioeye stock opened at $7.80 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.23. The company has a fifty day simple moving average of $10.41 and a 200-day simple moving average of $12.08. The stock has a market cap of $96.88 million, a price-to-earnings ratio of -27.86 and a beta of 0.62. Audioeye has a 12-month low of $7.50 and a 12-month high of $20.01.

Audioeye (NASDAQ:AEYE) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $10.23 million for the quarter, compared to analyst estimates of $10.26 million. Audioeye had a negative net margin of 8.88% and a positive return on equity of 40.94%. On average, equities analysts forecast that Audioeye will post 0.18 EPS for the current fiscal year.

About Audioeye

AudioEye, Inc is a provider of digital accessibility solutions, offering software and services designed to help organizations ensure their online properties comply with Web Content Accessibility Guidelines (WCAG), the Americans with Disabilities Act (ADA) and other global accessibility standards. Through its cloud-based platform, the company automates the detection and remediation of accessibility barriers in websites, mobile applications and multimedia content.

The company’s flagship AEYE Platform leverages machine learning, artificial intelligence and human validation to continuously scan digital assets, identify potential compliance issues and deploy corrective overlays or code adjustments.