AudioEye (NASDAQ:AEYE) Upgraded to Buy at Wall Street Zen

AudioEye (NASDAQ:AEYE - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

A number of other research firms have also weighed in on AEYE. B. Riley dropped their target price 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 restated a "buy" rating and issued a $25.00 price objective on shares of AudioEye in a report on Wednesday, April 30th. Finally, HC Wainwright restated a "buy" rating and set a $22.00 target price on shares of AudioEye in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $26.40.

AudioEye Price Performance

AEYE traded down $0.23 during trading on Friday, reaching $12.32. The stock had a trading volume of 70,409 shares, compared to its average volume of 203,025. The stock has a market cap of $153.48 million, a PE ratio of -45.63, a PEG ratio of 2.03 and a beta of 0.94. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.84 and a current ratio of 0.84. AudioEye has a one year low of $8.91 and a one year high of $34.85. The business has a 50-day moving average of $11.78 and a 200-day moving average of $15.77.

Insiders Place Their Bets

In other AudioEye news, Director James B. Hawkins acquired 13,300 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was purchased at an average price of $15.39 per share, with a total value of $204,687.00. Following the transaction, the director now directly owns 114,382 shares in the company, valued at approximately $1,760,338.98. The trade was a 13.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 28.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AudioEye

A number of hedge funds have recently modified their holdings of the business. Rhumbline Advisers grew its position 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 acquiring an additional 1,313 shares during the period. Goldman Sachs Group Inc. grew its position in shares of AudioEye by 20.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 108,392 shares of the company's stock valued at $1,203,000 after acquiring an additional 18,513 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 acquiring an additional 806 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of AudioEye during the 1st quarter valued at $1,664,000. Finally, Cubist Systematic Strategies LLC grew its position in shares of AudioEye by 6.4% during the 1st quarter. Cubist Systematic Strategies LLC now owns 59,692 shares of the company's stock valued at $663,000 after acquiring an additional 3,577 shares during the period. Institutional investors own 51.11% of the company's stock.

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.