Key Points
- Chairman David Moradi sold 100,845 AudioEye shares on October 30 at an average $13.53, totaling about $1.36 million. Including two subsequent sales, he sold 177,641 shares for roughly $2.4 million, while retaining about 1.77 million shares after the latest transaction.
- AudioEye reported quarterly EPS of $0.30, beating the $0.27 consensus, and revenue of $10.96 million, slightly above estimates. Third-quarter adjusted EBITDA rose 58% year over year to $3.9 million, and the company announced a $15 million share-repurchase program.
- Analysts’ consensus rating was Moderate Buy, with a $14.62 average price target; shares opened at $13.59 on Wednesday, up 1.8%.
Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) Chairman David Moradi sold 37,484 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $13.48, for a total value of $505,284.32. Following the sale, the chairman owned 1,811,278 shares of the company's stock, valued at $24,416,027.44. This trade represents a 2.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
David Moradi also recently made the following trade(s):
- On Tuesday, November 3rd, David Moradi sold 39,312 shares of Audioeye stock. The stock was sold at an average price of $13.45, for a total value of $528,746.40.
- On Friday, October 30th, David Moradi sold 100,845 shares of Audioeye stock. The shares were sold at an average price of $13.53, for a total transaction of $1,364,432.85.
Audioeye Stock Performance
Shares of AEYE opened at $13.59 on Wednesday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $172.46 million, a P/E ratio of -56.62 and a beta of 0.77. The company's fifty day moving average is $7.90 and its two-hundred day moving average is $7.18. Audioeye, Inc. has a 1 year low of $5.31 and a 1 year high of $15.32.
Audioeye (NASDAQ:AEYE - Get Free Report) last announced its quarterly earnings data on Monday, October 26th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $10.96 million during the quarter, compared to the consensus estimate of $10.94 million. On average, sell-side analysts predict that Audioeye, Inc. will post 0.64 earnings per share for the current year.
Trending Headlines about Audioeye
Here are the key news stories impacting Audioeye this week:
- Positive Sentiment: AudioEye’s third-quarter adjusted EBITDA increased 58% year over year to $3.9 million. The company also launched a $15 million share-repurchase program running through October 2027, potentially supporting earnings per share and share demand. Article: AudioEye: 3 Key Takeaways for Long-Term Investors
- Positive Sentiment: Director James Hawkins bought 4,000 shares for $52,600, increasing his holdings by 1.8%. The insider purchase may signal confidence in the company. SEC filing
- Neutral Sentiment: A Zacks report cited analyst earnings-estimate revisions and a mean price-target-implied upside of 33%. The report cautions that price targets are not consistently reliable indicators. Article: Does AudioEye Have the Potential to Rally?
- Negative Sentiment: Chairman David Moradi sold 177,641 shares across transactions dated October 30 through November 3, receiving about $2.4 million. He still directly owned 1,771,966 shares after the latest sale, but the consecutive disposals could create a near-term headwind for sentiment. SEC filing
Analyst Upgrades and Downgrades
AEYE has been the subject of several analyst reports. Weiss Ratings reissued a "sell (e+)" rating on shares of Audioeye in a report on Friday, August 7th. Wall Street Zen raised Audioeye from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 22nd. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.62.
Get Our Latest Analysis on Audioeye
Institutional Investors Weigh In On Audioeye
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sei Investments Co. boosted its position in shares of Audioeye by 481.3% during the 1st quarter. Sei Investments Co. now owns 153,537 shares of the company's stock worth $978,000 after purchasing an additional 127,126 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Audioeye by 1,071.0% during the 1st quarter. Renaissance Technologies LLC now owns 125,300 shares of the company's stock worth $798,000 after purchasing an additional 114,600 shares during the period. Globeflex Capital L P acquired a new position in shares of Audioeye during the 2nd quarter worth $462,000. Engineers Gate Manager LP purchased a new position in shares of Audioeye in the 2nd quarter valued at about $79,000. Finally, Compass Financial Management LLC purchased a new position in shares of Audioeye in the 2nd quarter valued at about $55,000. Institutional investors and hedge funds own 51.11% of the company's stock.
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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