AudioEye (NASDAQ:AEYE) PT Raised to $28.00 at HC Wainwright

AudioEye (NASDAQ:AEYE) had its price objective lifted by HC Wainwright from $23.00 to $28.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s target price indicates a potential upside of 25.11% from the company’s current price.

Several other research analysts have also weighed in on AEYE. Roth Mkm began coverage on shares of AudioEye in a report on Friday, June 21st. They set a “buy” rating and a $25.00 price objective on the stock. Roth Capital raised shares of AudioEye to a “strong-buy” rating in a research note on Friday, June 21st. Finally, Craig Hallum boosted their price objective on shares of AudioEye from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $25.38.

AudioEye Stock Performance

NASDAQ:AEYE opened at $22.38 on Tuesday. 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 firm has a market cap of $260.48 million, a PE ratio of -57.38, a P/E/G ratio of 6.50 and a beta of 1.00. The firm has a 50 day simple moving average of $22.48 and a 200-day simple moving average of $19.26. AudioEye has a 1-year low of $3.75 and a 1-year high of $29.30.

AudioEye (NASDAQ:AEYE) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $8.47 million for the quarter, compared to analyst estimates of $8.45 million. AudioEye had a positive return on equity of 12.34% and a negative net margin of 10.70%. On average, equities analysts expect that AudioEye will post 0.14 EPS for the current year.

Institutional Investors Weigh In On AudioEye

Several large investors have recently made changes to their positions in AEYE. Acadian Asset Management LLC acquired a new position in shares of AudioEye during the 1st quarter valued at $116,000. B. Riley Wealth Advisors Inc. lifted its stake in shares of AudioEye by 4.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company’s stock worth $130,000 after purchasing an additional 500 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of AudioEye in the first quarter worth about $137,000. Palisades Hudson Asset Management L.P. purchased a new stake in shares of AudioEye in the second quarter worth about $142,000. Finally, Rhumbline Advisers acquired a new stake in shares of AudioEye in the second quarter valued at about $147,000. Institutional investors and hedge funds own 51.11% of the company’s stock.

About AudioEye

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.