Anchor Capital Advisors LLC Sells 101,932 Shares of AudioEye, Inc. (NASDAQ:AEYE)

Anchor Capital Advisors LLC lowered its holdings in shares of AudioEye, Inc. (NASDAQ:AEYE - Free Report) by 88.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,036 shares of the company's stock after selling 101,932 shares during the period. Anchor Capital Advisors LLC owned about 0.11% of AudioEye worth $71,000 as of its most recent filing with the SEC.

Separately, Potomac Capital Management Inc. acquired a new stake in AudioEye in the third quarter valued at approximately $100,000. Hedge funds and other institutional investors own 51.11% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AEYE. Craig Hallum increased their target price on AudioEye from $10.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. HC Wainwright reiterated a "buy" rating and issued a $17.00 price objective on shares of AudioEye in a report on Wednesday, April 24th. Finally, B. Riley boosted their target price on shares of AudioEye from $14.00 to $18.50 and gave the stock a "buy" rating in a report on Wednesday, April 24th.

AudioEye Trading Down 0.8 %

Shares of AEYE stock traded down $0.12 on Wednesday, hitting $15.48. The company had a trading volume of 204,595 shares, compared to its average volume of 110,903. AudioEye, Inc. has a twelve month low of $3.75 and a twelve month high of $16.77. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $180.50 million, a P/E ratio of -40.41 and a beta of 1.36. The stock's 50-day moving average is $10.23 and its two-hundred day moving average is $6.65.

AudioEye (NASDAQ:AEYE - Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.11. The business had revenue of $7.87 million during the quarter, compared to the consensus estimate of $7.91 million. AudioEye had a negative net margin of 14.83% and a negative return on equity of 12.39%. On average, equities research analysts anticipate that AudioEye, Inc. will post 0.1 earnings per share for the current fiscal year.

AudioEye 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.