Audioeye, Inc. (NASDAQ:AEYE) Given Average Rating of "Buy" by Analysts

Shares of Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) have been given a consensus rating of "Buy" by the five analysts that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $26.40.

AEYE has been the topic of several research analyst reports. Wall Street Zen upgraded Audioeye from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Needham & Company LLC restated a "buy" rating and set a $25.00 price objective on shares of Audioeye in a research note on Wednesday, April 30th. B. Riley cut their target price on Audioeye from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, HC Wainwright reiterated a "buy" rating and issued a $22.00 target price on shares of Audioeye in a research note on Wednesday, April 30th.

Audioeye Stock Performance

Audioeye stock opened at $11.65 on Tuesday. The stock has a market cap of $145.16 million, a P/E ratio of -29.12, a price-to-earnings-growth ratio of 1.44 and a beta of 0.94. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.45. The stock has a 50 day moving average of $12.16 and a 200-day moving average of $13.74. Audioeye has a 52 week low of $8.91 and a 52 week high of $34.85.

Institutional Investors Weigh In On Audioeye

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its holdings in shares of Audioeye by 187.4% during the fourth quarter. Bank of New York Mellon Corp now owns 46,860 shares of the company's stock valued at $713,000 after purchasing an additional 30,556 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Audioeye during the fourth quarter valued at $267,000. Raymond James Financial Inc. acquired a new position in shares of Audioeye during the fourth quarter valued at $606,000. Quantbot Technologies LP acquired a new position in shares of Audioeye during the fourth quarter valued at $225,000. Finally, Sei Investments Co. acquired a new position in shares of Audioeye during the fourth quarter valued at $890,000. 51.11% of the stock is currently owned by institutional investors.

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.

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