Insider Buying: Audioeye (NASDAQ:AEYE) Director Purchases $37,020.00 in Stock

Key Points

• AudioEye director James Hawkins purchased 3,000 shares at an average price of $12.34, investing $37,020 and increasing his direct ownership to 221,684 shares.
• AEYE shares traded at $14.12 after rising $2.18, with the stock ranging from $5.31 to $16.39 over the past year. The company recently exceeded quarterly EPS and revenue estimates.
• Analysts maintain a consensus “Moderate Buy” rating with a $14.62 target price, while institutional investors own 51.11% of the company.

Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) Director James Hawkins purchased 3,000 shares of the stock in a transaction on Thursday, October 29th. The shares were purchased at an average cost of $12.34 per share, for a total transaction of $37,020.00. Following the acquisition, the director directly owned 221,684 shares of the company's stock, valued at approximately $2,735,580.56. This represents a 1.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Audioeye Price Performance

Shares of NASDAQ AEYE traded up $2.18 during midday trading on Thursday, reaching $14.12. 928,290 shares of the stock traded hands, compared to its average volume of 169,907. The stock has a market capitalization of $177.49 million, a PE ratio of -58.83 and a beta of 0.84. Audioeye, Inc. has a one year low of $5.31 and a one year high of $16.39. The company has a debt-to-equity ratio of 4.83, a current ratio of 1.06 and a quick ratio of 1.06. The company's 50 day moving average is $7.39 and its 200 day moving average is $7.10.

Audioeye (NASDAQ:AEYE - Get Free Report) last issued 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. Audioeye had a positive return on equity of 121.59% and a negative net margin of 10.92%. The business had revenue of $10.96 million for the quarter, compared to the consensus estimate of $10.94 million. On average, equities research analysts anticipate that Audioeye, Inc. will post 0.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on AEYE. Weiss Ratings reissued a "sell (e+)" rating on shares of Audioeye in a research 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Audioeye currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP acquired a new position in Audioeye in the second quarter valued at approximately $79,000. Compass Financial Management LLC acquired a new position in Audioeye in the 2nd quarter valued at $55,000. Globeflex Capital L P acquired a new stake in Audioeye in the second quarter valued at about $462,000. Bank of New York Mellon Corp purchased a new stake in shares of Audioeye in the second quarter valued at approximately $206,000. Finally, Focus Financial Network Inc. increased its holdings in shares of Audioeye by 35.7% in the 2nd quarter. Focus Financial Network Inc. now owns 122,650 shares of the company's stock valued at $713,000 after purchasing an additional 32,270 shares in the last quarter. 51.11% of the stock is currently owned by hedge funds and other 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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