Audioeye's (AEYE) Sell (E+) Rating Reiterated at Weiss Ratings

Key Points

• Audioeye (NASDAQ:AEYE) received a reiterated "sell (E+)" rating from Weiss Ratings, indicating continued caution from analysts.
• The stock underwent a slight uptick of 1.2%, trading at $14.58, following the announcement, while it has a current market capitalization of approximately $180.94 million.
• Despite the "sell" rating, some analysts have rated the stock as a "buy," and Audioeye has an average consensus price target of $25.25.

Audioeye (NASDAQ:AEYE - Get Free Report)'s stock had its "sell (e+)" rating reiterated by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

AEYE has been the topic of a number of other research reports. Wall Street Zen raised Audioeye from a "hold" rating to a "buy" rating in a report on Friday, September 5th. B. Riley dropped their target price on Audioeye from $20.00 to $19.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $25.25.

Audioeye Stock Up 1.2%

NASDAQ:AEYE traded up $0.17 during mid-day trading on Wednesday, reaching $14.58. The stock had a trading volume of 67,385 shares, compared to its average volume of 129,081. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.10 and a quick ratio of 1.10. The stock's 50 day simple moving average is $12.72 and its two-hundred day simple moving average is $12.21. Audioeye has a 1-year low of $8.91 and a 1-year high of $34.85. The company has a market capitalization of $180.94 million, a price-to-earnings ratio of -42.88 and a beta of 0.58.

Insider Activity

In other news, Director Jamil A. Tahir acquired 12,641 shares of the company's stock in a transaction dated Thursday, September 4th. The stock was bought at an average price of $12.59 per share, with a total value of $159,150.19. Following the completion of the acquisition, the director owned 207,641 shares in the company, valued at approximately $2,614,200.19. This represents a 6.48% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James B. Hawkins purchased 8,000 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were bought at an average cost of $10.95 per share, for a total transaction of $87,600.00. Following the completion of the purchase, the director directly owned 146,183 shares of the company's stock, valued at $1,600,703.85. The trade was a 5.79% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 33,000 shares of company stock valued at $403,833 in the last three months. Company insiders own 40.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Two Sigma Investments LP bought a new stake in shares of Audioeye during the 4th quarter worth about $380,000. GAMMA Investing LLC boosted its holdings in Audioeye by 44,300.0% in the 1st quarter. GAMMA Investing LLC now owns 7,992 shares of the company's stock valued at $89,000 after purchasing an additional 7,974 shares during the period. Rhumbline Advisers boosted its holdings in Audioeye by 14.5% in 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 period. Skylands Capital LLC boosted its holdings in Audioeye by 494.5% in the 1st quarter. Skylands Capital LLC now owns 80,550 shares of the company's stock valued at $894,000 after purchasing an additional 67,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Audioeye by 6.5% in the 1st quarter. Bank of New York Mellon Corp now owns 49,912 shares of the company's stock valued at $554,000 after purchasing an additional 3,052 shares during the period. 51.11% of the stock is currently owned by institutional investors and hedge funds.

About Audioeye

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.