Audioeye (NASDAQ:AEYE) Chairman David Moradi Sells 39,312 Shares of Stock

Audioeye, Inc. (NASDAQ:AEYE) Chairman David Moradi sold 39,312 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $13.45, for a total value of $528,746.40. Following the completion of the transaction, the chairman directly owned 1,771,966 shares in the company, valued at approximately $23,832,942.70. This trade represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

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

Audioeye Stock Performance

Shares of AEYE stock opened at $13.59 on Wednesday. The company has a market cap of $172.46 million, a price-to-earnings ratio of -56.62 and a beta of 0.77. Audioeye, Inc. has a 52 week low of $5.31 and a 52 week high of $15.32. 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 50 day moving average of $7.90 and a 200-day moving average of $7.18.

Audioeye (NASDAQ:AEYE) last released its quarterly earnings data on Monday, October 26th. The company reported $0.30 earnings per share for the quarter, beating 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 forecast that Audioeye, Inc. will post 0.64 earnings per share for the current year.

Institutional Investors Weigh In On Audioeye

A number of hedge funds have recently added to or reduced their stakes in AEYE. Sei Investments Co. increased its holdings in shares of Audioeye by 481.3% during the first quarter. Sei Investments Co. now owns 153,537 shares of the company’s stock valued at $978,000 after acquiring an additional 127,126 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Audioeye by 1,071.0% during the first 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 period. Focus Financial Network Inc. raised its position in shares of Audioeye by 35.7% during the second 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 period. Globeflex Capital L P acquired a new position in shares of Audioeye during the second quarter worth approximately $462,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Audioeye in the 2nd quarter worth $206,000. Institutional investors and hedge funds own 51.11% of the company’s stock.

More Audioeye News

Here are the key news stories impacting Audioeye this week:

• Positive Sentiment: AudioEye’s third-quarter adjusted EBITDA increased 58% year over year to $3.9 million. The company also launched a $15 million share-repurchase program running through October 2027, potentially supporting earnings per share and share demand. Article: AudioEye: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Director James Hawkins bought 4,000 shares for $52,600, increasing his holdings by 1.8%. The insider purchase may signal confidence in the company. SEC filing
• Neutral Sentiment: A Zacks report cited analyst earnings-estimate revisions and a mean price-target-implied upside of 33%. The report cautions that price targets are not consistently reliable indicators. Article: Does AudioEye Have the Potential to Rally?
• Negative Sentiment: Chairman David Moradi sold 177,641 shares across transactions dated October 30 through November 3, receiving about $2.4 million. He still directly owned 1,771,966 shares after the latest sale, but the consecutive disposals could create a near-term headwind for sentiment. SEC filing

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AEYE shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Audioeye in a research note on Friday, August 7th. Wall Street Zen raised shares of Audioeye from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 22nd. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Audioeye has an average rating of “Moderate Buy” and an average target price of $14.62.

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.