AudioEye, Inc. (NASDAQ:AEYE) Receives Consensus Rating of “Buy” from Brokerages

AudioEye, Inc. (NASDAQ:AEYE) has been given an average rating of “Buy” by the six brokerages that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $29.10.

Several research analysts recently commented on AEYE shares. Roth Mkm reaffirmed a “buy” rating and issued a $35.00 target price (up from $25.00) on shares of AudioEye in a research note on Friday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of AudioEye in a research note on Tuesday, January 21st. Finally, HC Wainwright lifted their target price on shares of AudioEye from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, November 11th.

Insider Activity at AudioEye

In related news, CEO David Moradi sold 900,000 shares of AudioEye stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $24.00, for a total value of $21,600,000.00. Following the sale, the chief executive officer now owns 1,864,290 shares in the company, valued at $44,742,960. The trade was a 32.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jamil A. Tahir sold 125,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $24.00, for a total transaction of $3,000,000.00. Following the sale, the director now owns 195,000 shares in the company, valued at approximately $4,680,000. This trade represents a 39.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,250,000 shares of company stock worth $30,000,000 over the last quarter. Corporate insiders own 40.70% of the company’s stock.

Institutional Trading of AudioEye

Hedge funds have recently modified their holdings of the business. R Squared Ltd bought a new stake in shares of AudioEye during the 4th quarter valued at $36,000. Quarry LP bought a new stake in shares of AudioEye during the 4th quarter valued at $47,000. MetLife Investment Management LLC bought a new stake in shares of AudioEye during the 3rd quarter valued at $54,000. Wells Fargo & Company MN boosted its holdings in shares of AudioEye by 30.0% during the 4th quarter. Wells Fargo & Company MN now owns 4,485 shares of the company’s stock valued at $68,000 after buying an additional 1,035 shares in the last quarter. Finally, Ieq Capital LLC bought a new stake in shares of AudioEye during the 4th quarter valued at $153,000. Institutional investors own 51.11% of the company’s stock.

AudioEye Stock Down 7.2 %

Shares of NASDAQ AEYE opened at $13.37 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.92. AudioEye has a 52 week low of $6.30 and a 52 week high of $34.85. The firm’s fifty day moving average is $16.92 and its 200 day moving average is $21.10. The company has a market cap of $162.85 million, a price-to-earnings ratio of -49.52, a PEG ratio of 2.03 and a beta of 1.14.

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.