Audioeye, Inc. (NASDAQ:AEYE) Stock Has Consensus Price Target of $14.62 According to Brokerages

Audioeye, Inc. (NASDAQ:AEYE) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $14.62.

A number of analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Audioeye in a report on Wednesday. Wall Street Zen raised Audioeye from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 22nd.

Insiders Place Their Bets

In other news, Director James Hawkins bought 3,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was acquired at an average cost of $12.77 per share, with a total value of $38,310.00. Following the transaction, the director directly owned 228,684 shares in the company, valued at approximately $2,920,294.68. This trade represents a 1.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman David Moradi sold 22,359 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $12.72, for a total value of $284,406.48. Following the completion of the sale, the chairman owned 1,749,607 shares of the company’s stock, valued at $22,255,001.04. This represents a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have acquired 10,000 shares of company stock valued at $127,930 and have sold 200,000 shares valued at $2,682,870. Insiders own 25.90% of the company’s stock.

Institutional Trading of Audioeye

Institutional investors and hedge funds have recently made changes to their positions in the company. Sei Investments Co. lifted its stake in Audioeye by 481.3% in the first quarter. Sei Investments Co. now owns 153,537 shares of the company’s stock worth $978,000 after acquiring an additional 127,126 shares during the period. Renaissance Technologies LLC grew its holdings in Audioeye by 1,071.0% during the 1st quarter. Renaissance Technologies LLC now owns 125,300 shares of the company’s stock worth $798,000 after acquiring an additional 114,600 shares in the last quarter. Focus Financial Network Inc. grew its holdings in Audioeye by 35.7% during the 2nd quarter. Focus Financial Network Inc. now owns 122,650 shares of the company’s stock worth $713,000 after acquiring an additional 32,270 shares in the last quarter. Globeflex Capital L P bought a new position in Audioeye during the 2nd quarter worth about $462,000. Finally, Bank of New York Mellon Corp purchased a new position in Audioeye during the 2nd quarter valued at about $206,000. 51.11% of the stock is currently owned by institutional investors.

Audioeye Price Performance

Audioeye stock opened at $12.37 on Monday. The stock has a market cap of $156.91 million, a price-to-earnings ratio of -51.54 and a beta of 0.77. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.23 and a quick ratio of 1.23. Audioeye has a 1 year low of $5.31 and a 1 year high of $14.68. The firm has a 50-day moving average of $8.21 and a two-hundred day moving average of $7.22.

Audioeye (NASDAQ:AEYE) last issued its earnings results on Monday, October 26th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The business 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, research analysts forecast that Audioeye will post 0.64 earnings per share for the current year.

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.