Audioeye, Inc. (NASDAQ:AEYE) Receives $20.67 Average Price Target from Brokerages

Audioeye, Inc. (NASDAQ:AEYE) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $20.6667.

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

Audioeye Trading Up 3.5%

AEYE opened at $8.07 on Friday. The firm has a market capitalization of $100.23 million, a price-to-earnings ratio of -28.82 and a beta of 0.62. The company’s 50 day simple moving average is $10.33 and its two-hundred day simple moving average is $12.04. Audioeye has a 1-year low of $7.45 and a 1-year high of $19.43. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.00 and a quick ratio of 1.00.

Insider Activity at Audioeye

In other Audioeye news, Director James B. Hawkins acquired 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average cost of $11.90 per share, for a total transaction of $71,400.00. Following the completion of the acquisition, the director 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 purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have purchased 10,000 shares of company stock worth $117,680. 40.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Audioeye

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Audioeye by 19.7% in the 1st 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 last quarter. Goldman Sachs Group Inc. raised its holdings in Audioeye by 20.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 108,392 shares of the company’s stock valued at $1,203,000 after buying an additional 18,513 shares during the period. Rhumbline Advisers lifted its position in Audioeye by 14.5% in the first 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 last quarter. Los Angeles Capital Management LLC boosted its stake in Audioeye by 101.7% during the second quarter. Los Angeles Capital Management LLC now owns 59,133 shares of the company’s stock worth $689,000 after buying an additional 29,815 shares during the period. Finally, Kennedy Capital Management LLC boosted its stake in Audioeye by 12.9% during the second quarter. Kennedy Capital Management LLC now owns 195,609 shares of the company’s stock worth $2,279,000 after buying an additional 22,370 shares during the period. Hedge funds and other institutional investors own 51.11% of the company’s stock.

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.