AudioEye (NASDAQ:AEYE) Stock Rating Reaffirmed by HC Wainwright

AudioEye (NASDAQ:AEYE)‘s stock had its “buy” rating reiterated by HC Wainwright in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $17.00 price target on the stock. HC Wainwright’s target price points to a potential upside of 26.11% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. B. Riley raised their target price on shares of AudioEye from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Craig Hallum lifted their price target on shares of AudioEye from $10.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th.

AudioEye Stock Performance

NASDAQ AEYE opened at $13.48 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.28 and a current ratio of 1.28. AudioEye has a 52-week low of $3.75 and a 52-week high of $15.31. The company has a 50-day simple moving average of $9.32 and a 200 day simple moving average of $6.30.

AudioEye (NASDAQ:AEYE) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The company had revenue of $7.87 million during the quarter, compared to analyst estimates of $7.91 million. AudioEye had a negative net margin of 18.75% and a negative return on equity of 27.55%. Analysts forecast that AudioEye will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of AudioEye

A hedge fund recently bought a new stake in AudioEye stock. Potomac Capital Management Inc. purchased a new stake in AudioEye, Inc. (NASDAQ:AEYE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 20,300 shares of the company’s stock, valued at approximately $100,000. Potomac Capital Management Inc. owned approximately 0.17% of AudioEye as of its most recent SEC filing. Institutional investors and hedge funds own 51.11% of the company’s stock.

AudioEye Company Profile

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.