Roth Mkm Reaffirms Buy Rating for AudioEye (NASDAQ:AEYE)

Roth Mkm reaffirmed their buy rating on shares of AudioEye (NASDAQ:AEYE - Free Report) in a research report report published on Friday,Benzinga reports. The firm currently has a $35.00 price objective on the stock, up from their previous price objective of $25.00.

Several other analysts have also issued reports on the company. Craig Hallum upped their target price on AudioEye from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, July 26th. HC Wainwright upped their price objective on AudioEye from $23.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AudioEye has an average rating of "Buy" and an average price target of $27.88.

AudioEye Stock Up 17.4 %

AEYE stock traded up $4.71 during midday trading on Friday, hitting $31.74. The company's stock had a trading volume of 570,521 shares, compared to its average volume of 176,640. The company's fifty day moving average price is $22.89 and its 200 day moving average price is $21.46. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.16 and a quick ratio of 1.16. AudioEye has a twelve month low of $3.91 and a twelve month high of $32.62. The stock has a market capitalization of $377.07 million, a P/E ratio of -116.00, a PEG ratio of 5.79 and a beta of 1.03.

Institutional Trading of AudioEye

Several institutional investors and hedge funds have recently bought and sold shares of AEYE. Acadian Asset Management LLC acquired a new position in shares of AudioEye during the 1st quarter worth approximately $116,000. ClariVest Asset Management LLC acquired a new stake in shares of AudioEye during the 2nd quarter worth about $664,000. Renaissance Technologies LLC boosted its holdings in shares of AudioEye by 202.5% during the 2nd quarter. Renaissance Technologies LLC now owns 60,500 shares of the company's stock worth $1,065,000 after buying an additional 40,500 shares during the period. Vanguard Group Inc. grew its stake in AudioEye by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 309,190 shares of the company's stock valued at $3,095,000 after buying an additional 6,929 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in AudioEye by 4.0% in the 1st 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. Institutional investors own 51.11% 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.