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

AudioEye, Inc. (NASDAQ:AEYE - Get Free Report) has received an average recommendation of "Buy" from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $26.10.

Several equities research analysts have issued reports on the company. HC Wainwright dropped their target price on AudioEye from $37.00 to $22.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 price objective on shares of AudioEye in a research note on Wednesday, April 2nd.

Insider Activity

In other news, Director James B. Hawkins purchased 13,300 shares of the stock in a transaction on Wednesday, March 19th. The shares were acquired at an average price of $15.39 per share, for a total transaction of $204,687.00. Following the completion of the transaction, the director now directly owns 114,382 shares of the company's stock, valued at approximately $1,760,338.98. This trade represents a 13.16 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 40.70% of the company's stock.

Hedge Funds Weigh In On AudioEye

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in 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. Barclays PLC boosted its stake in shares of AudioEye by 10.9% in the 4th quarter. Barclays PLC now owns 11,292 shares of the company's stock valued at $172,000 after purchasing an additional 1,111 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of AudioEye by 14.5% during the 1st quarter. Rhumbline Advisers now owns 10,360 shares of the company's stock valued at $115,000 after purchasing an additional 1,313 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in AudioEye by 7.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,361 shares of the company's stock worth $511,000 after purchasing an additional 1,477 shares during the period. Finally, R Squared Ltd bought a new stake in AudioEye in the fourth quarter worth $36,000. 51.11% of the stock is currently owned by hedge funds and other institutional investors.

AudioEye Stock Performance

NASDAQ:AEYE traded down $0.36 on Thursday, reaching $10.94. 67,532 shares of the company's stock were exchanged, compared to its average volume of 221,414. The firm has a market cap of $135.95 million, a price-to-earnings ratio of -40.52, a P/E/G ratio of 2.03 and a beta of 1.39. 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 fifty day simple moving average of $12.44 and a 200-day simple moving average of $18.01. AudioEye has a 52 week low of $8.91 and a 52 week 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.