Key Points
- AudioEye director James Hawkins purchased 4,000 shares at $13.15 each, investing $52,600 and increasing his stake by 1.8% to 225,684 shares.
- AudioEye reported quarterly EPS of $0.30, exceeding analyst expectations of $0.27, while revenue of $10.96 million was slightly above estimates.
- Analysts give the stock a “Moderate Buy” consensus rating with a $14.62 target price, while institutional investors own 51.11% of the company.
Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) Director James Hawkins acquired 4,000 shares of the stock in a transaction on Friday, October 30th. The stock was bought at an average price of $13.15 per share, for a total transaction of $52,600.00. Following the transaction, the director owned 225,684 shares in the company, valued at approximately $2,967,744.60. This represents a 1.80% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Audioeye Price Performance
Shares of NASDAQ AEYE opened at $13.35 on Tuesday. 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 stock has a market capitalization of $169.41 million, a price-to-earnings ratio of -55.62 and a beta of 0.84. The firm's 50 day simple moving average is $7.78 and its 200-day simple moving average is $7.16. Audioeye, Inc. has a 12 month low of $5.31 and a 12 month high of $16.39.
Audioeye (NASDAQ:AEYE - Get Free Report) last posted 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 negative net margin of 7.12% and a positive return on equity of 163.66%. The firm had revenue of $10.96 million during the quarter, compared to analysts' expectations of $10.94 million. Analysts expect that Audioeye, Inc. will post 0.64 EPS for the current year.
Analyst Upgrades and Downgrades
AEYE has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Audioeye from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 22nd. Weiss Ratings restated a "sell (e+)" rating on shares of Audioeye in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Audioeye presently has an average rating of "Moderate Buy" and a consensus target price of $14.62.
Get Our Latest Analysis on AEYE
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Engineers Gate Manager LP acquired a new stake in shares of Audioeye in the second quarter valued at about $79,000. Compass Financial Management LLC purchased a new stake in shares of Audioeye during the second quarter worth about $55,000. Globeflex Capital L P acquired a new position in shares of Audioeye during the 2nd quarter worth about $462,000. Bank of New York Mellon Corp acquired a new position in shares of Audioeye during the 2nd quarter worth about $206,000. Finally, Focus Financial Network Inc. raised its holdings in shares of Audioeye by 35.7% during the second quarter. Focus Financial Network Inc. now owns 122,650 shares of the company's stock valued at $713,000 after acquiring an additional 32,270 shares during the last quarter. Hedge funds and other institutional investors own 51.11% of the company's stock.
Audioeye Company Profile
(
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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