AudioEye (NASDAQ:AEYE) Posts Earnings Results, Beats Expectations By $0.06 EPS

AudioEye (NASDAQ:AEYE) released its quarterly earnings results on Wednesday. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06, Zacks reports. AudioEye had a negative net margin of 9.89% and a positive return on equity of 34.49%.

AudioEye Trading Up 5.2 %

NASDAQ AEYE traded up $0.63 during trading hours on Wednesday, hitting $12.71. The company’s stock had a trading volume of 235,547 shares, compared to its average volume of 220,285. The stock has a fifty day moving average of $16.14 and a 200 day moving average of $20.41. 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 twelve month low of $8.02 and a twelve month high of $34.85. The firm has a market capitalization of $154.78 million, a P/E ratio of -47.07, a PEG ratio of 2.03 and a beta of 1.11.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of AudioEye in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AudioEye has an average rating of “Buy” and an average target price of $29.10.

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.