Audioeye (NASDAQ:AEYE) Stock: Insider David Moradi Sells 37,484 Shares

Key Points

• Chairman David Moradi sold 37,484 AudioEye shares for about $505,000 at an average price of $13.48, reducing his stake by 2.03% to 1,811,278 shares. He also reported two other recent sales totaling 140,157 shares.
• AudioEye’s latest quarterly results slightly exceeded expectations, with EPS of $0.30 versus a $0.27 estimate and revenue of $10.96 million versus a $10.94 million estimate.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $14.62; the stock traded at $13.59 on Tuesday.

Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) Chairman David Moradi sold 37,484 shares of Audioeye stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $13.48, for a total value of $505,284.32. Following the completion of the sale, the chairman owned 1,811,278 shares in the company, valued at approximately $24,416,027.44. This trade represents a 2.03% decrease 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.

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 value of $528,746.40.
• 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 value of $1,364,432.85.

Audioeye Price Performance

NASDAQ:AEYE traded up $0.24 during trading hours on Tuesday, hitting $13.59. The company's stock had a trading volume of 318,094 shares, compared to its average volume of 174,102. Audioeye, Inc. has a 52-week low of $5.31 and a 52-week high of $15.32. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.06 and a current ratio of 1.23. The business's 50-day moving average is $7.78 and its two-hundred day moving average is $7.16. The company has a market capitalization of $172.46 million, a PE ratio of -56.62 and a beta of 0.84.

Audioeye (NASDAQ:AEYE - Get Free Report) last issued its earnings results 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 for the quarter, compared to analyst estimates of $10.94 million. As a group, research analysts anticipate that Audioeye, Inc. will post 0.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Audioeye

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Compass Financial Management LLC purchased a new stake in Audioeye during the second quarter worth $55,000. Abel Hall LLC acquired a new stake in Audioeye in the first quarter valued at $75,000. Engineers Gate Manager LP acquired a new stake in Audioeye in the second quarter valued at $79,000. Bank of New York Mellon Corp purchased a new position in shares of Audioeye in the second quarter valued at $206,000. Finally, Globeflex Capital L P purchased a new position in shares of Audioeye in the second quarter valued at $462,000. 51.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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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