AudioEye, Inc. (NASDAQ:AEYE) Receives Average Rating of "Buy" from Analysts

Shares of AudioEye, Inc. (NASDAQ:AEYE - Get Free Report) have been given an average rating of "Buy" by the six ratings firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $26.40.

AEYE has been the subject of a number of research reports. HC Wainwright reissued a "buy" rating and set a $22.00 target price on shares of AudioEye in a research note on Wednesday, April 30th. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price target on shares of AudioEye in a report on Wednesday, April 30th. Finally, B. Riley dropped their price objective on shares of AudioEye from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd.

Insider Transactions at AudioEye

In other AudioEye news, Director James B. Hawkins bought 13,300 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average price of $15.39 per share, with a total value of $204,687.00. Following the completion of the transaction, the director now owns 114,382 shares in the company, valued at approximately $1,760,338.98. This trade represents a 13.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 40.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AudioEye

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in shares of AudioEye by 3,634.2% in the 1st quarter. US Bancorp DE now owns 2,950 shares of the company's stock valued at $33,000 after buying an additional 2,871 shares during the last quarter. R Squared Ltd acquired a new stake in shares of AudioEye in the fourth quarter valued at approximately $36,000. Quarry LP bought a new stake in shares of AudioEye during the 4th quarter valued at $47,000. CWM LLC grew its stake in AudioEye by 74.0% during the first quarter. CWM LLC now owns 4,870 shares of the company's stock worth $54,000 after buying an additional 2,071 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in AudioEye by 30.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,485 shares of the company's stock valued at $68,000 after acquiring an additional 1,035 shares during the last quarter. 51.11% of the stock is currently owned by institutional investors and hedge funds.

AudioEye Trading Up 1.3%

Shares of AudioEye stock traded up $0.17 during trading hours on Monday, hitting $13.18. The company's stock had a trading volume of 19,307 shares, compared to its average volume of 209,541. The company has a market capitalization of $164.20 million, a PE ratio of -48.81, a price-to-earnings-growth 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. The stock has a 50 day moving average of $11.62 and a 200 day moving average of $16.63. AudioEye has a 12 month low of $8.91 and a 12 month high of $34.85.

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.