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

Shares of Audioeye, Inc. (NASDAQ:AEYE) have received an average rating of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $20.6667.

A number of equities analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating on shares of Audioeye in a research report on Wednesday, November 5th. Roth Mkm reiterated a “buy” rating on shares of Audioeye in a research note on Tuesday, January 13th. Finally, HC Wainwright set a $18.00 price target on shares of Audioeye and gave the stock a “buy” rating in a report on Tuesday, January 27th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 acquiring an additional 806 shares during the period. Rhumbline Advisers increased 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 purchasing an additional 1,313 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Audioeye in the third quarter valued at about $26,000. State Street Corp boosted its holdings in Audioeye by 2.0% during the fourth quarter. State Street Corp now owns 175,945 shares of the company’s stock worth $1,758,000 after buying an additional 3,456 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Audioeye by 64.6% during the fourth quarter. Wells Fargo & Company MN now owns 9,762 shares of the company’s stock worth $98,000 after buying an additional 3,832 shares during the period. Institutional investors and hedge funds own 51.11% of the company’s stock.

Audioeye Stock Up 4.4%

Audioeye stock opened at $7.35 on Wednesday. The stock has a 50 day moving average of $8.65 and a two-hundred day moving average of $11.48. Audioeye has a twelve month low of $6.35 and a twelve month high of $16.39. The stock has a market capitalization of $91.29 million, a price-to-earnings ratio of -26.25 and a beta of 0.63. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.23.

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.