AudioEye (NASDAQ:AEYE - Free Report) had its price objective lifted by HC Wainwright from $10.00 to $17.00 in a research report sent to investors on Thursday morning, Benzinga reports. HC Wainwright currently has a buy rating on the stock.
AEYE has been the topic of a number of other reports. B. Riley lifted their price objective on AudioEye from $10.00 to $14.00 and gave the company a buy rating in a research report on Wednesday, April 10th. Craig Hallum lifted their price objective on AudioEye from $10.00 to $20.00 and gave the stock a buy rating in a research note on Wednesday, April 10th.
Read Our Latest Stock Report on AudioEye
AudioEye Stock Performance
NASDAQ:AEYE traded up $0.55 on Thursday, hitting $13.01. The stock had a trading volume of 236,162 shares, compared to its average volume of 90,590. The stock has a market cap of $151.70 million, a price-to-earnings ratio of -26.55 and a beta of 1.36. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.00. The business's 50-day simple moving average is $8.88 and its two-hundred day simple moving average is $6.14. AudioEye has a 52-week low of $3.75 and a 52-week high of $15.31.
AudioEye (NASDAQ:AEYE - Get Free Report) last announced its earnings results on Wednesday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.11. The business had revenue of $7.87 million for the quarter, compared to analysts' expectations of $7.91 million. AudioEye had a negative return on equity of 27.55% and a negative net margin of 18.75%. As a group, research analysts predict that AudioEye will post 0.01 earnings per share for the current year.
Institutional Trading of AudioEye
A number of institutional investors have recently made changes to their positions in AEYE. Cannell Capital LLC raised its position in AudioEye by 17.2% in the first quarter. Cannell Capital LLC now owns 697,787 shares of the company's stock valued at $4,752,000 after purchasing an additional 102,173 shares during the period. Vanguard Group Inc. boosted its position in shares of AudioEye by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 302,261 shares of the company's stock valued at $1,638,000 after purchasing an additional 5,001 shares during the period. BlackRock Inc. boosted its position in shares of AudioEye by 6.9% in the 2nd quarter. BlackRock Inc. now owns 30,344 shares of the company's stock valued at $148,000 after purchasing an additional 1,965 shares during the period. HighTower Advisors LLC acquired a new stake in shares of AudioEye in the 3rd quarter valued at about $149,000. Finally, Northern Trust Corp raised its stake in AudioEye by 168.8% during the 4th quarter. Northern Trust Corp now owns 28,321 shares of the company's stock valued at $154,000 after acquiring an additional 17,786 shares during the last quarter. 51.11% of the stock is owned by institutional investors and hedge funds.
About AudioEye
(
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AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.
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