Audioeye, Inc. (NASDAQ:AEYE) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Audioeye, Inc. has been given a consensus rating of "Moderate Buy" by five analysts, with one sell rating and four buy ratings, along with an average 12-month price target of $25.25.
• Recent insider activity includes Director James B. Hawkins acquiring 8,000 shares and Director Jamil A. Tahir buying 12,641 shares, showing confidence in the company despite mixed analyst ratings.
• Institutional investors now hold 51.11% of Audioeye's stock, reflecting growing interest, with new stakes acquired by multiple firms in recent quarters.

Shares of Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) have received a consensus rating of "Moderate Buy" from the five analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $25.25.

AEYE has been the subject of several analyst reports. B. Riley decreased their price objective on Audioeye from $20.00 to $19.00 and set a "buy" rating for the company in a report on Friday, August 8th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Audioeye in a report on Saturday, September 27th. Finally, Wall Street Zen upgraded Audioeye from a "hold" rating to a "buy" rating in a research note on Friday, September 5th.

Insiders Place Their Bets

In related news, Director James B. Hawkins acquired 8,000 shares of Audioeye stock in a transaction on Monday, August 18th. The stock was acquired at an average price of $10.95 per share, for a total transaction of $87,600.00. Following the purchase, the director owned 146,183 shares of the company's stock, valued at approximately $1,600,703.85. This represents a 5.79% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jamil A. Tahir acquired 12,641 shares of Audioeye stock in a transaction on Thursday, September 4th. The shares were bought at an average price of $12.59 per share, with a total value of $159,150.19. Following the purchase, the director directly owned 207,641 shares in the company, valued at approximately $2,614,200.19. The trade was a 6.48% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 33,000 shares of company stock valued at $403,833 in the last 90 days. 28.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Audioeye

Institutional investors have recently modified their holdings of the business. Mattern Wealth Management LLC acquired a new stake in Audioeye in the 2nd quarter worth about $285,000. Two Sigma Investments LP acquired a new stake in Audioeye in the 4th quarter worth about $380,000. Jacobs Levy Equity Management Inc. acquired a new stake in Audioeye in the 1st quarter worth about $1,664,000. Focus Financial Network Inc. acquired a new stake in Audioeye in the 2nd quarter worth about $574,000. Finally, Millennium Management LLC boosted its holdings in Audioeye by 17.4% in the 4th quarter. Millennium Management LLC now owns 42,288 shares of the company's stock worth $643,000 after buying an additional 6,278 shares during the last quarter. 51.11% of the stock is currently owned by institutional investors and hedge funds.

Audioeye Trading Up 0.1%

NASDAQ:AEYE traded up $0.02 during midday trading on Friday, hitting $14.40. The stock had a trading volume of 106,549 shares, compared to its average volume of 95,040. Audioeye has a one year low of $8.91 and a one year high of $34.85. The company has a market capitalization of $178.70 million, a price-to-earnings ratio of -42.35 and a beta of 0.58. The stock has a 50-day moving average of $12.66 and a 200 day moving average of $12.17. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.74.

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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