AudioEye (NASDAQ:AEYE) Research Coverage Started at Roth Mkm

Roth Mkm assumed coverage on shares of AudioEye (NASDAQ:AEYEFree Report) in a report published on Friday, Marketbeat.com reports. The firm issued a buy rating and a $25.00 price objective on the stock.

A number of other equities analysts have also issued reports on AEYE. B. Riley upped their target price on shares of AudioEye from $14.00 to $18.50 and gave the stock a buy rating in a research report on Wednesday, April 24th. HC Wainwright reaffirmed a buy rating and set a $17.00 price objective on shares of AudioEye in a report on Wednesday, April 24th. Finally, Craig Hallum lifted their target price on AudioEye from $10.00 to $20.00 and gave the company a buy rating in a research note on Wednesday, April 10th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Buy and an average price target of $20.13.

View Our Latest Stock Report on AEYE

AudioEye Trading Up 3.2 %

Shares of AEYE opened at $18.64 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $216.97 million, a price-to-earnings ratio of -47.79 and a beta of 1.18. The stock has a fifty day moving average price of $19.15 and a two-hundred day moving average price of $11.05. AudioEye has a 52-week low of $3.75 and a 52-week high of $26.16.

AudioEye (NASDAQ:AEYEGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $8.08 million during the quarter, compared to analysts’ expectations of $8.04 million. AudioEye had a negative return on equity of 13.59% and a negative net margin of 14.83%. Analysts predict that AudioEye will post 0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On AudioEye

A number of institutional investors and hedge funds have recently modified their holdings of AEYE. B. Riley Wealth Advisors Inc. lifted its stake in shares of 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 purchasing an additional 500 shares during the period. Vanguard Group Inc. increased its holdings in AudioEye by 2.3% in the first quarter. Vanguard Group Inc. now owns 309,190 shares of the company’s stock valued at $3,095,000 after purchasing an additional 6,929 shares during the last quarter. Acadian Asset Management LLC bought a new stake in AudioEye in the first quarter valued at about $116,000. Hillsdale Investment Management Inc. acquired a new position in AudioEye in the first quarter valued at about $137,000. Finally, Potomac Capital Management Inc. bought a new position in AudioEye during the third quarter worth about $100,000. 51.11% of the stock is owned by institutional investors.

AudioEye Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for AudioEye (NASDAQ:AEYE)

Receive News & Ratings for AudioEye Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AudioEye and related companies with MarketBeat.com's FREE daily email newsletter.