AudioEye’s (AEYE) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of AudioEye (NASDAQ:AEYE) in a research report released on Friday morning, Benzinga reports. They currently have a $23.00 target price on the stock.

Several other research firms have also commented on AEYE. Craig Hallum upped their price target on shares of AudioEye from $10.00 to $20.00 and gave the company a buy rating in a report on Wednesday, April 10th. Roth Mkm assumed coverage on shares of AudioEye in a report on Friday, June 21st. They issued a buy rating and a $25.00 price target on the stock. Roth Capital raised shares of AudioEye to a strong-buy rating in a report on Friday, June 21st. Finally, B. Riley upped their price target on shares of AudioEye from $14.00 to $18.50 and gave the company a buy rating in a report on Wednesday, April 24th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AudioEye presently has a consensus rating of Buy and an average target price of $24.13.

AudioEye Price Performance

Shares of AEYE opened at $27.00 on Friday. The firm has a market capitalization of $314.25 million, a PE ratio of -69.23 and a beta of 1.08. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. AudioEye has a 1-year low of $3.75 and a 1-year high of $29.30. The company’s fifty day moving average price is $21.05 and its 200-day moving average price is $13.98.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AEYE. Bank of New York Mellon Corp purchased a new stake in AudioEye during the 2nd quarter valued at about $348,000. B. Riley Wealth Advisors Inc. grew its stake in AudioEye by 4.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company’s stock valued at $130,000 after acquiring an additional 500 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in AudioEye during the 1st quarter valued at about $137,000. Acadian Asset Management LLC purchased a new stake in AudioEye during the 1st quarter valued at about $116,000. Finally, Vanguard Group Inc. grew its stake in AudioEye by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 309,190 shares of the company’s stock valued at $3,095,000 after acquiring an additional 6,929 shares in the last quarter. 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.