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

Shares of Audioeye, Inc. (NASDAQ:AEYE) have been given an average recommendation of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $20.6667.

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

Insiders Place Their Bets

In other Audioeye news, Director James B. Hawkins bought 8,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was bought at an average price of $12.57 per share, for a total transaction of $100,560.00. Following the completion of the transaction, the director owned 154,850 shares in the company, valued at approximately $1,946,464.50. The trade was a 5.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have bought 18,000 shares of company stock worth $218,240. Company insiders own 28.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Los Angeles Capital Management LLC grew its holdings in Audioeye by 101.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 59,133 shares of the company’s stock valued at $689,000 after buying an additional 29,815 shares during the last quarter. Formula Growth Ltd. lifted its position in shares of Audioeye by 30.0% in the second quarter. Formula Growth Ltd. now owns 260,000 shares of the company’s stock valued at $3,029,000 after acquiring an additional 60,000 shares in the last quarter. Skylands Capital LLC boosted its stake in shares of Audioeye by 43.6% during the fourth quarter. Skylands Capital LLC now owns 133,250 shares of the company’s stock valued at $1,331,000 after acquiring an additional 40,476 shares during the last quarter. Cannell Capital LLC acquired a new stake in shares of Audioeye during the third quarter valued at $544,000. Finally, Brooklyn Investment Group increased its position in Audioeye by 16,341.1% during the 3rd quarter. Brooklyn Investment Group now owns 15,619 shares of the company’s stock worth $216,000 after purchasing an additional 15,524 shares in the last quarter. 51.11% of the stock is owned by hedge funds and other institutional investors.

Audioeye Stock Up 3.0%

Shares of NASDAQ AEYE opened at $7.80 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.23. Audioeye has a 52 week low of $7.50 and a 52 week high of $20.01. The firm has a 50-day moving average price of $10.41 and a 200 day moving average price of $12.08. The stock has a market capitalization of $96.88 million, a price-to-earnings ratio of -27.86 and a beta of 0.62.

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

Audioeye Company Profile

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.