AudioEye (NASDAQ:AEYE) Earns Buy Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of AudioEye (NASDAQ:AEYE - Free Report) in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a $17.00 target price on the stock.

A number of other analysts also recently weighed in on AEYE. B. Riley boosted their target price on shares of AudioEye from $10.00 to $14.00 and gave the stock a buy rating in a report on Wednesday, April 10th. Craig Hallum boosted their price objective on shares of AudioEye from $10.00 to $20.00 and gave the company a buy rating in a research report on Wednesday, April 10th.

AudioEye Price Performance

AEYE traded up $0.95 during trading on Wednesday, hitting $14.43. 487,375 shares of the company traded hands, compared to its average volume of 101,330. The company has a market cap of $168.25 million, a PE ratio of -31.69 and a beta of 1.36. AudioEye has a 1 year low of $3.75 and a 1 year high of $16.22. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.00. The stock's 50-day simple moving average is $9.32 and its two-hundred day simple moving average is $6.30.

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, beating 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, sell-side analysts anticipate that AudioEye will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of AudioEye

A hedge fund recently bought a new stake in AudioEye stock. Potomac Capital Management Inc. purchased a new position in AudioEye, Inc. (NASDAQ:AEYE - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,300 shares of the company's stock, valued at approximately $100,000. Potomac Capital Management Inc. owned 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.