FY2024 Earnings Estimate for AudioEye Issued By B. Riley

AudioEye, Inc. (NASDAQ:AEYE - Free Report) - Equities research analysts at B. Riley upped their FY2024 EPS estimates for AudioEye in a research report issued on Friday, October 18th. B. Riley analyst Z. Cummins now expects that the company will post earnings per share of $0.20 for the year, up from their previous forecast of $0.19. The consensus estimate for AudioEye's current full-year earnings is $0.14 per share. B. Riley also issued estimates for AudioEye's Q4 2024 earnings at $0.08 EPS.

AudioEye (NASDAQ:AEYE - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. The company had revenue of $8.47 million during the quarter, compared to the consensus estimate of $8.45 million. AudioEye had a negative net margin of 10.70% and a positive return on equity of 12.34%.

Several other equities research analysts have also commented on the stock. HC Wainwright boosted their price objective on shares of AudioEye from $23.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Craig Hallum increased their price target 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 investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $25.38.

AudioEye Price Performance

AEYE traded up $2.13 during trading on Monday, reaching $27.85. 394,431 shares of the stock were exchanged, compared to its average volume of 177,189. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $324.15 million, a price-to-earnings ratio of -71.41, a P/E/G ratio of 6.18 and a beta of 1.00. AudioEye has a 1 year low of $3.75 and a 1 year high of $29.30. The business's 50 day moving average price is $22.70 and its two-hundred day moving average price is $20.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEYE. B. Riley Wealth Advisors Inc. raised its position in shares of AudioEye by 4.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company's stock valued at $130,000 after buying an additional 500 shares during the last quarter. CWM LLC acquired a new position in AudioEye in the 3rd quarter valued at $93,000. Vanguard Group Inc. lifted its stake in shares of AudioEye by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 309,190 shares of the company's stock worth $3,095,000 after purchasing an additional 6,929 shares during the period. Palisades Hudson Asset Management L.P. acquired a new stake in shares of AudioEye during the second quarter worth $142,000. Finally, Rhumbline Advisers acquired a new position in AudioEye in the second quarter valued at $147,000. 51.11% of the stock is currently owned by hedge funds and other institutional investors.

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.