Audioeye, Inc. (NASDAQ:AEYE - Get Free Report) Chairman David Moradi sold 22,359 shares of the business's stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $12.72, for a total transaction of $284,406.48. Following the sale, the chairman directly owned 1,749,607 shares in the company, valued at approximately $22,255,001.04. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
David Moradi also recently made the following trade(s):
- On Tuesday, November 3rd, David Moradi sold 39,312 shares of Audioeye stock. The shares were sold at an average price of $13.45, for a total value of $528,746.40.
- On Monday, November 2nd, David Moradi sold 37,484 shares of Audioeye stock. The stock was sold at an average price of $13.48, for a total value of $505,284.32.
- 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 value of $1,364,432.85.
Audioeye Stock Up 2.6%
NASDAQ:AEYE traded up $0.31 during trading hours on Friday, hitting $12.37. 171,785 shares of the company's stock traded hands, compared to its average volume of 317,225. The firm has a market cap of $156.98 million, a P/E ratio of -51.54 and a beta of 0.77. Audioeye, Inc. has a twelve month low of $5.31 and a twelve month high of $14.68. 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's fifty day moving average price is $8.21 and its two-hundred day moving average price is $7.22.
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 positive return on equity of 163.66% and a negative net margin of 7.12%. The firm had revenue of $10.96 million during the quarter, compared to analyst estimates of $10.94 million. On average, research analysts expect that Audioeye, Inc. will post 0.64 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
AEYE has been the subject of several research reports. Weiss Ratings restated a "sell (e+)" rating on shares of Audioeye in a report on Wednesday. Wall Street Zen raised shares of Audioeye from a "buy" rating to a "strong-buy" rating in a research report 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $14.62.
Read Our Latest Stock Report on Audioeye
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Compass Financial Management LLC acquired a new position in Audioeye in the 2nd quarter worth about $55,000. R Squared Ltd purchased a new stake in shares of Audioeye during the 3rd quarter worth about $71,000. Abel Hall LLC purchased a new stake in shares of Audioeye during the 1st quarter worth about $75,000. Engineers Gate Manager LP acquired a new stake in shares of Audioeye during the 2nd quarter valued at about $79,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Audioeye during the 2nd quarter valued at about $206,000. Hedge funds and other institutional investors 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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