Audioeye, Inc. (AEYE) – What Are Investment Firms Saying About This Stock?

Shares of Audioeye, Inc. (NASDAQ:AEYE) have received an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $14.62.

AEYE has been the subject of several research analyst reports. Wall Street Zen raised Audioeye from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Audioeye in a research note on Wednesday, November 4th.

Insiders Place Their Bets

In other news, Chairman David Moradi sold 100,845 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $13.53, for a total transaction of $1,364,432.85. Following the sale, the chairman owned 1,848,762 shares in the company, valued at approximately $25,013,749.86. This trade represents a 5.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James Hawkins acquired 4,000 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were bought at an average cost of $13.15 per share, with a total value of $52,600.00. Following the completion of the acquisition, the director directly owned 225,684 shares in the company, valued at $2,967,744.60. The trade was a 1.80% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 10,000 shares of company stock worth $127,930 and sold 200,000 shares worth $2,682,870. 25.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Audioeye

A number of large investors have recently modified their holdings of the company. Compass Financial Management LLC purchased a new stake in Audioeye during the second quarter valued at about $55,000. R Squared Ltd bought a new stake in shares of Audioeye in the 3rd quarter valued at about $71,000. Engineers Gate Manager LP purchased a new stake in Audioeye during the 2nd quarter valued at about $79,000. Marshall Wace LLP boosted its holdings in Audioeye by 60.4% during the 3rd quarter. Marshall Wace LLP now owns 16,605 shares of the company’s stock valued at $112,000 after acquiring an additional 6,255 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Audioeye during the 2nd quarter valued at about $206,000. 51.11% of the stock is owned by hedge funds and other institutional investors.

Audioeye Stock Down 5.8%

AEYE stock opened at $13.47 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 3.03. The firm has a market capitalization of $170.93 million, a PE ratio of -56.13 and a beta of 0.77. Audioeye has a twelve month low of $5.31 and a twelve month high of $14.68. The stock has a 50-day simple moving average of $8.86 and a two-hundred day simple moving average of $7.33.

Audioeye (NASDAQ:AEYE) last announced its quarterly earnings results on Monday, October 26th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The firm had revenue of $10.96 million for the quarter, compared to the consensus estimate of $10.94 million. Audioeye had a negative net margin of 7.12% and a positive return on equity of 163.66%. On average, equities analysts predict that Audioeye will post 0.64 EPS for the current fiscal year.

About Audioeye

AudioEye, Inc. provides digital accessibility technology and services designed to help organizations make websites and other digital content more accessible to people with disabilities. Its offerings support efforts to meet recognized accessibility standards and legal requirements. The company combines automated testing and monitoring tools with expert-led accessibility reviews and remediation services. Its platform is intended to help organizations identify and address accessibility barriers across digital experiences, while providing tools and guidance for ongoing accessibility work.