AudioEye (NASDAQ:AEYE - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $25.00 target price on the stock. Needham & Company LLC's price objective would suggest a potential upside of 96.70% from the company's previous close.
AudioEye Stock Up 5.2 %
Shares of NASDAQ:AEYE opened at $12.71 on Thursday. The company's fifty day moving average is $16.09 and its two-hundred day moving average is $20.35. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.84 and a current ratio of 0.84. AudioEye has a 1-year low of $8.02 and a 1-year high of $34.85. The stock has a market capitalization of $154.78 million, a price-to-earnings ratio of -47.07, a price-to-earnings-growth ratio of 2.03 and a beta of 1.11.
Hedge Funds Weigh In On AudioEye
Institutional investors have recently made changes to their positions in the stock. Arcadia Wealth Management Inc. bought a new position in AudioEye during the 4th quarter worth $720,000. B. Riley Wealth Advisors Inc. grew its position in shares of AudioEye by 26.2% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 16,375 shares of the company's stock worth $249,000 after acquiring an additional 3,400 shares during the last quarter. PharVision Advisers LLC acquired a new stake in shares of AudioEye in the 4th quarter worth about $178,000. Squarepoint Ops LLC increased its stake in shares of AudioEye by 139.1% in the fourth quarter. Squarepoint Ops LLC now owns 58,833 shares of the company's stock valued at $895,000 after purchasing an additional 34,227 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of AudioEye in the fourth quarter valued at approximately $380,000. 51.11% of the stock is owned by institutional investors.
About AudioEye
(
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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.
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