Audioeye (NASDAQ:AEYE) Director Purchases 3,000 Shares of Company Stock

Key Points

• AudioEye director James Hawkins bought 3,000 shares at an average $12.77, investing $38,310. His direct holdings rose 1.33% to 228,684 shares.
• The company reported quarterly EPS of $0.30, above the $0.27 consensus, and revenue of $10.96 million, slightly ahead of estimates. Its net margin remained negative at 7.12%.
• Analysts’ consensus rating is Moderate Buy, with a $14.62 average price target. Shares traded at $12.89 in Wednesday’s mid-day session, within a 12-month range of $5.31 to $14.82.

Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) Director James Hawkins acquired 3,000 shares of Audioeye stock in a transaction that occurred on Wednesday, November 4th. The shares were purchased at an average price of $12.77 per share, for a total transaction of $38,310.00. Following the completion of the purchase, the director directly owned 228,684 shares of the company's stock, valued at $2,920,294.68. The trade was a 1.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Audioeye Stock Performance

Audioeye stock traded down $0.70 during mid-day trading on Wednesday, reaching $12.89. The company's stock had a trading volume of 404,427 shares, compared to its average volume of 175,164. The firm has a market cap of $163.57 million, a price-to-earnings ratio of -53.71 and a beta of 0.77. The business has a 50 day moving average price of $7.90 and a 200-day moving average price of $7.18. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 3.03. Audioeye, Inc. has a twelve month low of $5.31 and a twelve month high of $14.82.

Audioeye (NASDAQ:AEYE - Get Free Report) last issued its earnings results on Monday, October 26th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $10.94 million. Sell-side analysts predict that Audioeye, Inc. will post 0.64 EPS for the current fiscal year.

Institutional Trading of Audioeye

Large investors have recently modified their holdings of the company. Sei Investments Co. increased its stake in shares of Audioeye by 481.3% in the first quarter. Sei Investments Co. now owns 153,537 shares of the company's stock valued at $978,000 after purchasing an additional 127,126 shares during the period. Renaissance Technologies LLC boosted its position in shares of Audioeye by 1,071.0% during the first quarter. Renaissance Technologies LLC now owns 125,300 shares of the company's stock worth $798,000 after buying an additional 114,600 shares during the period. Focus Financial Network Inc. boosted its position in shares of Audioeye by 35.7% during the second quarter. Focus Financial Network Inc. now owns 122,650 shares of the company's stock worth $713,000 after buying an additional 32,270 shares during the period. Globeflex Capital L P bought a new position in Audioeye in the 2nd quarter worth approximately $462,000. Finally, Bank of New York Mellon Corp bought a new position in Audioeye in the 2nd quarter worth approximately $206,000. Institutional investors and hedge funds own 51.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AEYE shares. Weiss Ratings reissued a "sell (e+)" rating on shares of Audioeye in a report on Friday, August 7th. Wall Street Zen raised Audioeye from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 22nd. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Audioeye has an average rating of "Moderate Buy" and a consensus target price of $14.62.

Audioeye News Roundup

Here are the key news stories impacting Audioeye this week:

• Positive Sentiment: AudioEye reported a 58% year-over-year increase in third-quarter adjusted EBITDA to $3.9 million and launched a $15 million stock repurchase program through October 2027. Buybacks can support demand for shares and per-share results. Article: AudioEye: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Director James Hawkins bought 4,000 shares for $52,600, increasing his holdings by 1.8%. The purchase offers a modest positive insider-confidence signal. Article: Insider Buying: AudioEye Director Buys Stock
• Negative Sentiment: Chairman David Moradi sold a combined 177,641 shares in transactions from October 30 through November 3, for roughly $2.4 million. He retained a substantial stake, but the successive sales could pressure sentiment, particularly after the stock’s recent strength. Article: AudioEye Chairman Sells Shares

About Audioeye

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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