Key Points
- Director James Hawkins bought 3,000 shares for about $38,310, increasing his stake by 1.33% to 228,684 shares; he had also purchased 4,000 shares on October 30.
- AudioEye modestly beat quarterly estimates, reporting EPS of $0.30 versus $0.27 expected and revenue of $10.96 million versus $10.94 million. Adjusted EBITDA rose 58% year over year to $3.9 million, and the company announced a $15 million share-repurchase program.
- Insider activity was mixed: Chairman David Moradi sold 177,641 shares for about $2.4 million, while AEYE shares were reported down 5.2%. Analysts’ average rating is “Moderate Buy,” with a consensus price target of $14.62.
Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) Director James Hawkins acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was purchased at an average cost of $12.77 per share, with a total value of $38,310.00. Following the completion of the acquisition, the director owned 228,684 shares of the company's stock, valued at $2,920,294.68. The trade was a 1.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Audioeye Trading Down 5.2%
Shares of NASDAQ AEYE opened at $12.89 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 3.03. The stock's 50 day moving average price is $8.01 and its two-hundred day moving average price is $7.19. Audioeye, Inc. has a 52-week low of $5.31 and a 52-week high of $14.82. The stock has a market capitalization of $163.57 million, a P/E ratio of -53.71 and a beta of 0.77.
Audioeye (NASDAQ:AEYE - Get Free Report) last issued its earnings results on Monday, October 26th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. The company had revenue of $10.96 million during the quarter, compared to analyst estimates of $10.94 million. Audioeye had a positive return on equity of 163.66% and a negative net margin of 7.12%. On average, analysts anticipate that Audioeye, Inc. will post 0.64 earnings per share for the current fiscal year.
Key Audioeye News
Here are the key news stories impacting Audioeye this week:
- Positive Sentiment: Third-quarter adjusted EBITDA rose 58% year over year to $3.9 million. AudioEye also announced a $15 million share-repurchase program running through October 2027, which could support per-share results and stock demand. Article: AudioEye: 3 Key Takeaways for Long-Term Investors
- Positive Sentiment: Director James Hawkins bought 3,000 shares on November 4 for about $38,310, following a 4,000-share purchase on October 30. The buys add a supportive insider-confidence signal. SEC filing
- Neutral Sentiment: AudioEye’s latest reported quarter modestly topped consensus, with EPS of $0.30 versus $0.27 expected and revenue of $10.96 million versus $10.94 million. These small beats offer some support but may be less influential than the profitability and insider-trading news.
- Negative Sentiment: Chairman David Moradi sold 177,641 shares across transactions from October 30 through November 3, generating about $2.4 million. He retained roughly 1.77 million shares, but the repeated sales could raise concerns about insider sentiment and create a near-term headwind. SEC filing
Analysts Set New Price Targets
Several equities analysts recently issued reports on AEYE shares. Weiss Ratings restated a "sell (e+)" rating on shares of Audioeye in a research note 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 investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $14.62.
Check Out Our Latest Stock Report on AEYE
Institutional Trading of Audioeye
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. grew its stake in 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 buying an additional 127,126 shares during the last quarter. Renaissance Technologies LLC increased its position in Audioeye by 1,071.0% in the first quarter. Renaissance Technologies LLC now owns 125,300 shares of the company's stock worth $798,000 after buying an additional 114,600 shares during the period. Globeflex Capital L P acquired a new stake in Audioeye in the second quarter worth $462,000. Bank of New York Mellon Corp bought a new stake in Audioeye in the second quarter valued at $206,000. Finally, Focus Financial Network Inc. lifted its stake in 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 buying an additional 32,270 shares during the last quarter. 51.11% of the stock is currently owned by institutional investors and hedge funds.
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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