Audioeye (NASDAQ:AEYE) Chairman Sells $284,406.48 in Stock

Key Points

• AudioEye Chairman David Moradi sold 22,359 shares for about $284,406 at an average price of $12.72, reducing his stake by 1.26% to 1,749,607 shares. The article also reports additional sales in the preceding days.
• AudioEye’s latest quarter beat estimates, posting EPS of $0.30 versus $0.27 expected and revenue of $10.96 million, slightly above forecasts.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $14.62; ratings include four Buys, one Hold, and one Sell.

Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) Chairman David Moradi sold 22,359 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $12.72, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

David Moradi also recently made the following trade(s):

• On Tuesday, November 3rd, David Moradi sold 39,312 shares of Audioeye stock. The stock was sold at an average price of $13.45, for a total transaction of $528,746.40.
• On Monday, November 2nd, David Moradi sold 37,484 shares of Audioeye stock. The stock was sold at an average price of $13.48, for a total transaction of $505,284.32.
• On Friday, October 30th, David Moradi sold 100,845 shares of Audioeye stock. The stock was sold at an average price of $13.53, for a total transaction of $1,364,432.85.

Audioeye Trading Up 2.6%

NASDAQ AEYE traded up $0.31 during trading on Friday, hitting $12.37. 171,785 shares of the company's stock traded hands, compared to its average volume of 175,570. The stock has a fifty day moving average of $8.11 and a two-hundred day moving average of $7.21. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.23 and a quick ratio of 1.23. Audioeye, Inc. has a 12-month low of $5.31 and a 12-month high of $14.68. The firm has a market cap of $156.98 million, a P/E ratio of -51.54 and a beta of 0.77.

Audioeye (NASDAQ:AEYE - Get Free Report) last announced its quarterly earnings data on Monday, October 26th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.03. The firm had revenue of $10.96 million for the quarter, compared to analysts' expectations of $10.94 million. Audioeye had a positive return on equity of 163.66% and a negative net margin of 7.12%. As a group, sell-side analysts expect that Audioeye, Inc. will post 0.64 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on AEYE shares. Wall Street Zen upgraded Audioeye from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 22nd. Weiss Ratings restated a "sell (e+)" rating on shares of Audioeye in a report on Wednesday. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Audioeye presently has a consensus rating of "Moderate Buy" and an average price target of $14.62.

Institutional Trading of Audioeye

Several large investors have recently modified their holdings of AEYE. R Squared Ltd bought a new stake in shares of Audioeye in the 3rd quarter worth approximately $71,000. Engineers Gate Manager LP purchased a new position in shares of Audioeye during the second quarter valued at approximately $79,000. Compass Financial Management LLC purchased a new position in shares of Audioeye during the second quarter valued at approximately $55,000. Globeflex Capital L P bought a new position in shares of Audioeye during the second quarter valued at approximately $462,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Audioeye during the second quarter valued at approximately $206,000. 51.11% of the stock is owned by institutional investors.

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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