Audioeye (NASDAQ:AEYE) Director James Hawkins Buys 3,000 Shares of Company Stock

Audioeye, Inc. (NASDAQ:AEYE) Director James Hawkins acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The stock was purchased at an average price of $12.34 per share, with a total value of $37,020.00. Following the completion of the acquisition, the director directly owned 221,684 shares of the company’s stock, valued at $2,735,580.56. This represents a 1.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Audioeye Stock Up 18.3%

NASDAQ:AEYE opened at $14.12 on Friday. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.23 and a quick ratio of 1.06. Audioeye, Inc. has a 1-year low of $5.31 and a 1-year high of $16.39. The company has a 50-day moving average of $7.54 and a 200 day moving average of $7.12. The firm has a market cap of $179.18 million, a PE ratio of -58.83 and a beta of 0.84.

Audioeye (NASDAQ:AEYE) last posted its earnings results on Monday, October 26th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $10.96 million for the quarter, compared to the consensus estimate of $10.94 million. As a group, research analysts anticipate that Audioeye, Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AEYE. Wall Street Zen raised shares of Audioeye from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Audioeye in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.62.

Institutional Trading of Audioeye

Several hedge funds have recently modified their holdings of the company. Compass Financial Management LLC purchased a new position in shares of Audioeye in the 2nd quarter worth approximately $55,000. Abel Hall LLC bought a new position in shares of Audioeye during the 1st quarter worth approximately $75,000. Engineers Gate Manager LP purchased a new stake in Audioeye during the second quarter valued at approximately $79,000. Bank of New York Mellon Corp purchased a new stake in Audioeye during the second quarter valued at approximately $206,000. Finally, Globeflex Capital L P purchased a new stake in Audioeye during the second quarter valued at approximately $462,000. 51.11% of the stock is owned by hedge funds and other institutional investors.

Audioeye Company Profile

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.