AudioEye, Inc. (NASDAQ:AEYE) Given Consensus Rating of "Buy" by Analysts

AudioEye, Inc. (NASDAQ:AEYE - Get Free Report) has been assigned an average recommendation of "Buy" from the six ratings firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $26.40.

Several research analysts recently commented on the stock. B. Riley cut their price objective on shares of AudioEye from $26.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC reiterated a "buy" rating and set a $25.00 price objective on shares of AudioEye in a research note on Wednesday, April 30th. HC Wainwright reaffirmed a "buy" rating and set a $22.00 target price on shares of AudioEye in a report on Wednesday, April 30th. Finally, Wall Street Zen raised shares of AudioEye from a "hold" rating to a "buy" rating in a report on Saturday, May 24th.

AudioEye Stock Performance

Shares of AEYE traded up $0.35 during mid-day trading on Friday, hitting $12.67. The stock had a trading volume of 65,885 shares, compared to its average volume of 197,946. The business has a fifty day moving average price of $11.87 and a 200-day moving average price of $15.29. AudioEye has a 52 week low of $8.91 and a 52 week high of $34.85. The firm has a market cap of $157.84 million, a P/E ratio of -46.93, a PEG ratio of 2.03 and a beta of 0.94. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.84 and a quick ratio of 0.84.

Insider Activity at AudioEye

In other news, Director James B. Hawkins bought 13,300 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average price of $15.39 per share, for a total transaction of $204,687.00. Following the transaction, the director now directly owns 114,382 shares of the company's stock, valued at $1,760,338.98. This represents a 13.16% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 28.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AudioEye

A number of hedge funds have recently made changes to their positions in AEYE. US Bancorp DE grew its holdings in shares of AudioEye by 3,634.2% during the 1st 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 purchased a new position in shares of AudioEye in the fourth quarter worth about $47,000. CWM LLC lifted its stake in shares of AudioEye by 74.0% in the 1st quarter. CWM LLC now owns 4,870 shares of the company's stock valued at $54,000 after acquiring an additional 2,071 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 acquiring an additional 806 shares during the period. Finally, Wells Fargo & Company MN grew its position in AudioEye by 30.0% during the 4th quarter. Wells Fargo & Company MN now owns 4,485 shares of the company's stock worth $68,000 after acquiring an additional 1,035 shares during the last quarter. 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.