B. Riley Increases AudioEye (NASDAQ:AEYE) Price Target to $18.50

AudioEye (NASDAQ:AEYE - Get Free Report) had its price objective hoisted by B. Riley from $14.00 to $18.50 in a research note issued on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the stock. B. Riley's target price points to a potential upside of 28.21% from the stock's current price.

AEYE has been the subject of several other reports. HC Wainwright reissued a "buy" rating and set a $17.00 price target on shares of AudioEye in a report on Wednesday. Craig Hallum lifted their price target on AudioEye from $10.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, April 10th.

AudioEye Stock Performance

NASDAQ:AEYE traded up $0.95 during mid-day trading on Wednesday, hitting $14.43. 487,375 shares of the stock were exchanged, compared to its average volume of 101,330. The stock has a market capitalization of $168.25 million, a price-to-earnings ratio of -29.45 and a beta of 1.36. The firm's 50-day simple moving average is $9.32 and its 200 day simple moving average is $6.30. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.28 and a current ratio of 1.28. AudioEye has a fifty-two week low of $3.75 and a fifty-two week high of $16.22.

AudioEye (NASDAQ:AEYE - Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.11. The business had revenue of $7.87 million during 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, equities analysts anticipate that AudioEye will post 0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On AudioEye

An institutional investor recently bought a new position in AudioEye stock. Potomac Capital Management Inc. purchased a new stake in AudioEye, Inc. (NASDAQ:AEYE - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,300 shares of the company's stock, valued at approximately $100,000. Potomac Capital Management Inc. owned about 0.17% of AudioEye as of its most recent filing with the Securities and Exchange Commission. 51.11% of the stock is owned by institutional investors.

AudioEye Company Profile

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.