AudioEye, Inc. (NASDAQ:AEYE) Receives $26.10 Average Price Target from Analysts

AudioEye, Inc. (NASDAQ:AEYE) has been given an average recommendation of “Buy” by the six research firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $26.10.

Several equities analysts have issued reports on AEYE shares. HC Wainwright dropped their price objective on shares of AudioEye from $37.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of AudioEye in a report on Thursday, March 13th.

Insiders Place Their Bets

In related news, Director James B. Hawkins purchased 13,300 shares of AudioEye stock in a transaction dated Wednesday, March 19th. The stock was bought at an average cost of $15.39 per share, for a total transaction of $204,687.00. Following the transaction, the director now owns 114,382 shares in the company, valued at approximately $1,760,338.98. The trade was a 13.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 40.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AudioEye

Several hedge funds have recently bought and sold shares of the company. MetLife Investment Management LLC purchased a new stake in AudioEye during the third quarter worth $54,000. R Squared Ltd purchased a new stake in shares of AudioEye in the 4th quarter worth about $36,000. Quarry LP acquired a new stake in AudioEye in the 4th quarter valued at about $47,000. Wells Fargo & Company MN increased its holdings in AudioEye by 30.0% during the 4th quarter. Wells Fargo & Company MN now owns 4,485 shares of the company’s stock valued at $68,000 after acquiring an additional 1,035 shares in the last quarter. Finally, Ieq Capital LLC acquired a new position in AudioEye during the fourth quarter worth about $153,000. 51.11% of the stock is owned by hedge funds and other institutional investors.

AudioEye Trading Down 2.4 %

NASDAQ:AEYE opened at $11.26 on Friday. AudioEye has a 12-month low of $8.44 and a 12-month high of $34.85. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.92. The stock’s 50 day simple moving average is $15.17 and its 200-day simple moving average is $19.47. The firm has a market cap of $139.77 million, a P/E ratio of -41.70, a PEG ratio of 2.03 and a beta of 1.11.

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.