Audioeye (NASDAQ:AEYE) Stock: Insider David Moradi Sells 22,359 Shares

Audioeye, Inc. (NASDAQ:AEYE) Chairman David Moradi sold 22,359 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $12.72, for a total transaction of $284,406.48. Following the completion of the sale, the chairman directly owned 1,749,607 shares in the company, valued at approximately $22,255,001.04. The trade was a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

David Moradi also recently made the following trade(s):

• On Tuesday, November 3rd, David Moradi sold 39,312 shares of Audioeye stock. The stock was sold at an average price of $13.45, for a total transaction of $528,746.40.
• On Monday, November 2nd, David Moradi sold 37,484 shares of Audioeye stock. The shares were sold at an average price of $13.48, for a total transaction of $505,284.32.
• On Friday, October 30th, David Moradi sold 100,845 shares of Audioeye stock. The shares were sold at an average price of $13.53, for a total transaction of $1,364,432.85.

Audioeye Price Performance

NASDAQ:AEYE opened at $12.37 on Friday. 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 cap of $156.98 million, a PE ratio of -51.54 and a beta of 0.77. Audioeye, Inc. has a 12 month low of $5.31 and a 12 month high of $14.68. The company’s 50-day moving average price is $8.21 and its two-hundred day moving average price is $7.22.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AEYE shares. Wall Street Zen upgraded Audioeye from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Audioeye in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Audioeye has an average rating of “Moderate Buy” and an average price target of $14.62.

Institutional Investors Weigh In On Audioeye

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEYE. Sei Investments Co. lifted its position in shares of Audioeye by 481.3% during the first quarter. Sei Investments Co. now owns 153,537 shares of the company’s stock worth $978,000 after purchasing an additional 127,126 shares in the last quarter. Renaissance Technologies LLC raised its position in Audioeye by 1,071.0% in the 1st quarter. Renaissance Technologies LLC now owns 125,300 shares of the company’s stock worth $798,000 after purchasing an additional 114,600 shares during the last quarter. Focus Financial Network Inc. raised its position in Audioeye by 35.7% in the 2nd quarter. Focus Financial Network Inc. now owns 122,650 shares of the company’s stock worth $713,000 after purchasing an additional 32,270 shares during the last quarter. Globeflex Capital L P acquired a new position in Audioeye during the 2nd quarter worth $462,000. Finally, Bank of New York Mellon Corp acquired a new position in Audioeye during the 2nd quarter worth $206,000. Institutional investors and hedge funds own 51.11% of the company’s stock.

About Audioeye

AudioEye, Inc (NASDAQ: AEYE) provides digital accessibility technology and services designed to help organizations make websites and digital content more usable for people with disabilities. Its platform is intended to support compliance with accessibility standards and regulations, including the Web Content Accessibility Guidelines (WCAG) and requirements associated with the Americans with Disabilities Act.

The company’s offerings include automated accessibility testing, monitoring and remediation tools, an accessibility interface for website visitors, and access to accessibility experts who can assist with testing and compliance programs.