Analysts Set Audioeye, Inc. (NASDAQ:AEYE) Target Price at $26.40

Shares of Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) have been assigned a consensus rating of "Buy" from the five analysts that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $26.40.

A number of equities research analysts have recently commented on AEYE shares. 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. Wall Street Zen upgraded shares of Audioeye from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Needham & Company LLC reaffirmed a "buy" rating and issued a $25.00 target price on shares of Audioeye in a report on Wednesday, April 30th. Finally, HC Wainwright reissued a "buy" rating and set a $22.00 price target on shares of Audioeye in a research report on Wednesday, April 30th.

Institutional Trading of Audioeye

A number of institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its holdings in shares of Audioeye by 3,634.2% during the first quarter. US Bancorp DE now owns 2,950 shares of the company's stock valued at $33,000 after purchasing an additional 2,871 shares during the last quarter. Quarry LP bought a new stake in Audioeye in the 4th quarter worth approximately $47,000. CWM LLC raised its stake in Audioeye by 74.0% during the 1st quarter. CWM LLC now owns 4,870 shares of the company's stock valued at $54,000 after buying an additional 2,071 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Audioeye by 19.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the company's stock valued at $54,000 after buying an additional 806 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Audioeye by 30.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,485 shares of the company's stock worth $68,000 after buying an additional 1,035 shares during the last quarter. Hedge funds and other institutional investors own 51.11% of the company's stock.

Audioeye Stock Up 1.4%

AEYE traded up $0.17 during midday trading on Tuesday, reaching $11.98. The company's stock had a trading volume of 60,110 shares, compared to its average volume of 181,918. The stock's 50-day moving average is $12.18 and its 200-day moving average is $13.68. Audioeye has a 1 year low of $8.91 and a 1 year high of $34.85. The firm has a market capitalization of $149.21 million, a price-to-earnings ratio of -29.94, a PEG ratio of 1.48 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.45.

About Audioeye

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.