AudioEye (NASDAQ:AEYE) Given New $17.00 Price Target at HC Wainwright

AudioEye (NASDAQ:AEYE) had its target price hoisted by equities researchers at HC Wainwright from $10.00 to $17.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price objective suggests a potential upside of 36.44% from the company’s previous close.

Several other research analysts have also weighed in on AEYE. Craig Hallum increased their price objective on AudioEye from $10.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. B. Riley increased their price objective on AudioEye from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th.

AudioEye Trading Down 4.7 %

Shares of AEYE opened at $12.46 on Thursday. AudioEye has a 52 week low of $3.75 and a 52 week high of $15.31. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.28 and a current ratio of 1.28. The stock’s 50-day moving average price is $8.72 and its 200-day moving average price is $6.09.

AudioEye (NASDAQ:AEYE) last issued its earnings results on Wednesday, March 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The firm had revenue of $7.87 million for the quarter, compared to the consensus estimate of $7.91 million. AudioEye had a negative return on equity of 27.55% and a negative net margin of 18.75%. As a group, equities analysts predict that AudioEye will post 0.01 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cannell Capital LLC boosted its position in shares of AudioEye by 17.2% during the first quarter. Cannell Capital LLC now owns 697,787 shares of the company’s stock worth $4,752,000 after buying an additional 102,173 shares during the period. Vanguard Group Inc. raised its stake in shares of AudioEye by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 302,261 shares of the company’s stock valued at $1,638,000 after acquiring an additional 5,001 shares in the last quarter. BlackRock Inc. raised its stake in shares of AudioEye by 6.9% in the second quarter. BlackRock Inc. now owns 30,344 shares of the company’s stock valued at $148,000 after acquiring an additional 1,965 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of AudioEye in the third quarter valued at $149,000. Finally, Northern Trust Corp raised its stake in shares of AudioEye by 168.8% in the fourth quarter. Northern Trust Corp now owns 28,321 shares of the company’s stock valued at $154,000 after acquiring an additional 17,786 shares in the last quarter. 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.