Audioeye (NASDAQ:AEYE) Stock: Insider James Hawkins Purchases 4,000 Shares

Key Points

• Director James Hawkins purchased 4,000 AudioEye shares at an average price of $13.15, investing $52,600 and increasing his direct stake by 1.8% to 225,684 shares.
• AudioEye shares rose 2.5% to $13.35, while the company’s latest quarterly results exceeded expectations with $0.30 in EPS and $10.96 million in revenue.
• Analyst sentiment is mixed but leans positive: AudioEye has a “Moderate Buy” consensus rating and a $14.62 average price target, while institutional investors own 51.11% of the stock.

Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) Director James Hawkins bought 4,000 shares of the firm's stock in a transaction on Friday, October 30th. The stock was purchased at an average cost of $13.15 per share, with a total value of $52,600.00. Following the completion of the acquisition, the director directly owned 225,684 shares of the company's stock, valued at approximately $2,967,744.60. The trade was a 1.80% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Audioeye Stock Up 2.5%

Shares of NASDAQ AEYE traded up $0.32 during midday trading on Monday, hitting $13.35. The stock had a trading volume of 379,112 shares, compared to its average volume of 173,358. The business's 50 day moving average is $7.65 and its 200-day moving average is $7.14. The company has a market cap of $169.41 million, a P/E ratio of -55.62 and a beta of 0.77. Audioeye, Inc. has a 52 week low of $5.31 and a 52 week high of $16.39. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 3.03.

Audioeye (NASDAQ:AEYE - Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The company reported $0.30 EPS for the quarter, beating 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 firm had revenue of $10.96 million for the quarter, compared to analysts' expectations of $10.94 million. As a group, analysts predict that Audioeye, Inc. will post 0.64 EPS for the current year.

Institutional Trading of Audioeye

A number of institutional investors have recently made changes to their positions in the stock. Sei Investments Co. grew 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 worth $978,000 after acquiring an additional 127,126 shares during the period. Renaissance Technologies LLC raised its holdings 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 valued at $798,000 after purchasing an additional 114,600 shares during the last quarter. Globeflex Capital L P bought a new position in Audioeye during the second quarter valued at approximately $462,000. Engineers Gate Manager LP bought a new position in Audioeye during the second quarter valued at approximately $79,000. Finally, Compass Financial Management LLC bought a new position in Audioeye during the second quarter valued at approximately $55,000. Hedge funds and other institutional investors own 51.11% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on AEYE shares. Weiss Ratings reissued a "sell (e+)" rating on shares of Audioeye in a report on Friday, August 7th. Wall Street Zen upgraded Audioeye from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 22nd. 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 stock. Based on data from MarketBeat, Audioeye presently has a consensus rating of "Moderate Buy" and a consensus 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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