Key Points
- AudioEye Director James Hawkins bought 3,000 shares at an average price of $12.34, investing $37,020 and increasing his direct ownership by 1.37% to 221,684 shares.
- AEYE shares opened at $14.12 after rising 18.3%, trading between a 52-week low of $5.31 and high of $16.39. The company’s latest quarterly results exceeded expectations, with EPS of $0.30 versus the $0.27 consensus and revenue of $10.96 million.
- Analyst sentiment is moderately positive, with four Buy ratings, one Hold and one Sell, resulting in a consensus price target of $14.62; institutional investors own 51.11% of the company.
Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) Director James Hawkins acquired 3,000 shares of the stock in a transaction dated Thursday, October 29th. The stock was acquired at an average cost of $12.34 per share, with a total value of $37,020.00. Following the transaction, the director directly owned 221,684 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Audioeye Stock Up 18.3%
Shares of AEYE stock opened at $14.12 on Friday. Audioeye, Inc. has a 1-year low of $5.31 and a 1-year high of $16.39. The stock's fifty day moving average price is $7.54 and its 200 day moving average price is $7.12. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.23 and a quick ratio of 1.06. The company has a market cap of $179.18 million, a price-to-earnings ratio of -58.83 and a beta of 0.84.
Audioeye (NASDAQ:AEYE - Get Free Report) last announced its earnings results on Monday, October 26th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. Audioeye had a positive return on equity of 163.66% and a negative net margin of 7.12%. The company had revenue of $10.96 million for the quarter, compared to analyst estimates of $10.94 million. On average, research analysts expect that Audioeye, Inc. will post 0.54 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Audioeye
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Compass Financial Management LLC acquired a new stake in Audioeye during the 2nd quarter worth about $55,000. Abel Hall LLC acquired a new position in shares of Audioeye in the first quarter valued at about $75,000. Engineers Gate Manager LP acquired a new position in shares of Audioeye in the second quarter valued at about $79,000. Focus Financial Network Inc. increased its holdings in shares of Audioeye by 35.7% in the second 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 during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Audioeye in the second quarter worth about $206,000. Hedge funds and other institutional investors own 51.11% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Weiss Ratings restated a "sell (e+)" rating on shares of Audioeye in a report on Friday, August 7th. Wall Street Zen upgraded shares of 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.62.
Check Out Our Latest Research Report on Audioeye
About Audioeye
(
Get Free Report)
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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