AudioEye, Inc. (NASDAQ:AEYE) Receives Average Rating of "Buy" from Analysts

AudioEye, Inc. (NASDAQ:AEYE - Get Free Report) has earned a consensus recommendation of "Buy" from the six brokerages that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $26.10.

AEYE has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 target price on shares of AudioEye in a research note on Thursday, March 13th. HC Wainwright lowered their price objective on shares of AudioEye from $37.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, March 13th.

Insider Activity

In other AudioEye news, Director James B. Hawkins acquired 13,300 shares of the stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average cost of $15.39 per share, with a total value of $204,687.00. Following the transaction, the director now owns 114,382 shares in the company, valued at $1,760,338.98. The trade was a 13.16 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 40.70% of the company's stock.

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Institutional Investors Weigh In On AudioEye

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Summit Partners Public Asset Management LLC grew its stake in AudioEye by 24.5% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 515,279 shares of the company's stock worth $11,774,000 after buying an additional 101,302 shares during the last quarter. Barclays PLC increased its holdings in shares of AudioEye by 37.7% in the 3rd quarter. Barclays PLC now owns 10,181 shares of the company's stock valued at $233,000 after acquiring an additional 2,788 shares during the period. Franklin Resources Inc. acquired a new position in shares of AudioEye in the 3rd quarter valued at $363,000. BNP Paribas Financial Markets grew its position in AudioEye by 345.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,202 shares of the company's stock worth $256,000 after purchasing an additional 8,687 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in AudioEye during the 3rd quarter worth $286,000. 51.11% of the stock is owned by hedge funds and other institutional investors.

AudioEye Trading Up 0.2 %

AEYE stock traded up $0.02 during trading on Friday, reaching $11.77. 288,824 shares of the stock were exchanged, compared to its average volume of 225,094. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $146.10 million, a price-to-earnings ratio of -43.59, a P/E/G ratio of 2.03 and a beta of 1.11. The business has a 50 day moving average price of $15.47 and a 200-day moving average price of $19.64. AudioEye has a 1 year low of $8.44 and a 1 year high of $34.85.

AudioEye Company Profile

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.