Audioeye, Inc. (NASDAQ:AEYE) Stock Has Average Target Price of $14.62

Key Points

• Analysts rate AudioEye a “Moderate Buy”: Four of six analysts recommend buying, while one rates it hold and one sell; the average 12-month price target is $14.62.
• Quarterly results topped estimates: AudioEye reported earnings of $0.30 per share versus a $0.27 consensus estimate, and revenue of $10.96 million versus $10.94 million expected.
• Insider trading was mixed: Over the past three months, insiders bought 10,000 shares worth about $127,930 and sold 200,000 shares worth about $2.68 million.

Shares of Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $14.62.

Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Audioeye from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 22nd. Weiss Ratings reiterated a "sell (e+)" rating on shares of Audioeye in a report on Wednesday.

Audioeye Stock Performance

NASDAQ:AEYE opened at $12.37 on Monday. The stock's fifty day moving average is $8.21 and its 200 day moving average is $7.22. Audioeye has a fifty-two week low of $5.31 and a fifty-two week high of $14.68. The firm has a market capitalization of $156.91 million, a PE ratio of -51.54 and a beta of 0.77. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.23 and a current ratio of 1.23.

Audioeye (NASDAQ:AEYE - Get Free Report) last posted its quarterly earnings data on Monday, October 26th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. Audioeye had a negative net margin of 7.12% and a positive return on equity of 163.66%. The company had revenue of $10.96 million during the quarter, compared to analyst estimates of $10.94 million. On average, sell-side analysts anticipate that Audioeye will post 0.64 earnings per share for the current year.

Insider Activity

In other Audioeye news, Director James Hawkins bought 3,000 shares of the company's stock in a transaction on Wednesday, November 4th. The stock was acquired at an average price of $12.77 per share, for a total transaction of $38,310.00. Following the completion of the transaction, the director directly owned 228,684 shares of the company's stock, valued at approximately $2,920,294.68. This represents a 1.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David Moradi sold 22,359 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $12.72, for a total value of $284,406.48. Following the transaction, the chairman directly owned 1,749,607 shares in the company, valued at approximately $22,255,001.04. This represents a 1.26% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders acquired 10,000 shares of company stock valued at $127,930 and sold 200,000 shares valued at $2,682,870. 25.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Audioeye

Large investors have recently bought and sold shares of the business. R Squared Ltd purchased a new stake in Audioeye in the third quarter worth $71,000. Engineers Gate Manager LP bought a new stake in shares of Audioeye during the second quarter worth $79,000. Compass Financial Management LLC bought a new stake in shares of Audioeye during the second quarter worth $55,000. Globeflex Capital L P bought a new stake in shares of Audioeye during the second quarter worth $462,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Audioeye during the second quarter valued at $206,000. Hedge funds and other institutional investors own 51.11% of the company's stock.

Audioeye Company Profile

AudioEye, Inc NASDAQ: AEYE provides digital accessibility technology and services designed to help organizations make websites and digital content more usable for people with disabilities. Its platform is intended to support compliance with accessibility standards and regulations, including the Web Content Accessibility Guidelines (WCAG) and requirements associated with the Americans with Disabilities Act.

The company's offerings include automated accessibility testing, monitoring and remediation tools, an accessibility interface for website visitors, and access to accessibility experts who can assist with testing and compliance programs.

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