AudioEye (NASDAQ:AEYE) Releases FY 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE - Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.540-0.550 for the period, compared to the consensus earnings per share estimate of -0.130. The company issued revenue guidance of $35.2 million-$35.3 million, compared to the consensus revenue estimate of $34.9 million.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. HC Wainwright raised their price objective on shares of AudioEye from $28.00 to $37.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Roth Mkm reissued a "buy" rating and issued a $35.00 price objective (up previously from $25.00) on shares of AudioEye in a research note on Friday, November 8th. Finally, Craig Hallum raised their target price on shares of AudioEye from $20.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $30.13.

AudioEye Stock Performance

AudioEye stock traded down $0.15 during midday trading on Tuesday, hitting $25.58. 131,906 shares of the company were exchanged, compared to its average volume of 179,869. The business has a fifty day simple moving average of $23.95 and a two-hundred day simple moving average of $22.27. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $311.56 million, a PE ratio of -94.74, a price-to-earnings-growth ratio of 6.80 and a beta of 1.03. AudioEye has a fifty-two week low of $3.97 and a fifty-two week high of $34.85.

Insider Buying and Selling at AudioEye

In other AudioEye news, CEO David Moradi sold 14,061 shares of the company's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $26.14, for a total transaction of $367,554.54. Following the completion of the transaction, the chief executive officer now directly owns 2,764,290 shares in the company, valued at approximately $72,258,540.60. This represents a 0.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kelly Georgevich sold 10,000 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $29.00, for a total transaction of $290,000.00. Following the completion of the transaction, the chief financial officer now directly owns 88,981 shares in the company, valued at $2,580,449. This represents a 10.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,859 shares of company stock valued at $2,684,480. Corporate insiders own 40.70% of the company's stock.

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.