AudioEye (NASDAQ:AEYE - Get Free Report) had its target price dropped by equities researchers at HC Wainwright from $37.00 to $22.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. HC Wainwright's target price indicates a potential upside of 73.09% from the stock's previous close.
Separately, Needham & Company LLC reiterated a "buy" rating and set a $25.00 price target on shares of AudioEye in a report on Thursday. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $26.10.
Get Our Latest Stock Analysis on AEYE
AudioEye Stock Up 5.2 %
Shares of AEYE opened at $12.71 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.92. The business has a fifty day moving average of $16.09 and a 200 day moving average of $20.35. The company has a market cap of $154.78 million, a PE ratio of -47.07, a P/E/G ratio of 2.03 and a beta of 1.11. AudioEye has a 52-week low of $8.02 and a 52-week high of $34.85.
Institutional Investors Weigh In On AudioEye
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Partners Public Asset Management LLC raised its stake in shares of AudioEye by 24.5% during the third quarter. Summit Partners Public Asset Management LLC now owns 515,279 shares of the company's stock valued at $11,774,000 after acquiring an additional 101,302 shares in the last quarter. Barclays PLC raised its position in AudioEye by 37.7% during the 3rd quarter. Barclays PLC now owns 10,181 shares of the company's stock valued at $233,000 after purchasing an additional 2,788 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of AudioEye in the 3rd quarter worth $363,000. BNP Paribas Financial Markets grew its position in shares of 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 buying an additional 8,687 shares in the last quarter. Finally, Centiva Capital LP bought a new position in shares of AudioEye during the 3rd quarter worth $286,000. Institutional investors own 51.11% of the company's stock.
AudioEye Company Profile
(
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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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