AudioEye (NASDAQ:AEYE) Given "Buy" Rating at Needham & Company LLC

AudioEye (NASDAQ:AEYE - Get Free Report)'s stock had its "buy" rating restated by research analysts at Needham & Company LLC in a report released on Wednesday,Benzinga reports. They presently have a $25.00 price target on the stock. Needham & Company LLC's price target indicates a potential upside of 151.13% from the company's previous close.

Separately, HC Wainwright cut their price target on shares of AudioEye from $37.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $26.10.

AudioEye Trading Down 0.2 %

Shares of AudioEye stock traded down $0.02 during trading hours on Wednesday, hitting $9.96. The company's stock had a trading volume of 86,135 shares, compared to its average volume of 226,828. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a 50 day moving average of $14.49 and a 200 day moving average of $19.09. AudioEye has a 12 month low of $8.17 and a 12 month high of $34.85. The company has a market capitalization of $123.57 million, a PE ratio of -36.87, a price-to-earnings-growth ratio of 2.03 and a beta of 1.39.

Insider Buying and Selling at AudioEye

In related news, Director James B. Hawkins purchased 13,300 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $1,760,338.98. This represents a 13.16 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 40.70% of the company's stock.

Institutional Investors Weigh In On AudioEye

Several large investors have recently made changes to their positions in AEYE. Arcadia Wealth Management Inc. bought a new position in AudioEye during the fourth quarter valued at about $720,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of AudioEye by 26.2% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 16,375 shares of the company's stock worth $249,000 after purchasing an additional 3,400 shares during the period. PharVision Advisers LLC bought a new position in shares of AudioEye during the 4th quarter worth $178,000. Squarepoint Ops LLC increased its holdings in AudioEye by 139.1% in the 4th quarter. Squarepoint Ops LLC now owns 58,833 shares of the company's stock worth $895,000 after acquiring an additional 34,227 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in AudioEye during the fourth quarter valued at about $380,000. 51.11% of the stock is 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.