AudioEye, Inc. (NASDAQ:AEYE) Receives Consensus Rating of “Buy” from Brokerages

Shares of AudioEye, Inc. (NASDAQ:AEYE) have been assigned an average recommendation of “Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Five investment 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 updated their coverage on the stock in the last year is $26.10.

AEYE has been the topic of several analyst reports. HC Wainwright decreased their price objective on AudioEye from $37.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of AudioEye in a research report on Thursday, March 13th.

AudioEye Stock Performance

NASDAQ:AEYE opened at $11.54 on Friday. The company’s 50-day moving average is $15.29 and its two-hundred day moving average is $19.53. AudioEye has a 1-year low of $8.44 and a 1-year high of $34.85. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $143.25 million, a price-to-earnings ratio of -42.74, a PEG ratio of 2.03 and a beta of 1.11.

Insider Activity at AudioEye

In other AudioEye news, Director James B. Hawkins acquired 13,300 shares of the stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average price of $15.39 per share, with a total value of $204,687.00. Following the completion of the purchase, the director now owns 114,382 shares in the company, valued at $1,760,338.98. This trade represents a 13.16 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 40.70% of the stock is owned by insiders.

Institutional Investors Weigh In On AudioEye

Several large investors have recently added to or reduced their stakes in AEYE. Wells Fargo & Company MN grew its stake in shares of AudioEye by 30.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,485 shares of the company’s stock worth $68,000 after acquiring an additional 1,035 shares in the last quarter. Barclays PLC boosted its holdings in AudioEye by 10.9% in the fourth quarter. Barclays PLC now owns 11,292 shares of the company’s stock valued at $172,000 after purchasing an additional 1,111 shares during the period. Charles Schwab Investment Management Inc. grew its stake in AudioEye by 7.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,361 shares of the company’s stock worth $511,000 after purchasing an additional 1,477 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in AudioEye during the 3rd quarter worth about $54,000. Finally, R Squared Ltd acquired a new stake in AudioEye in the 4th quarter valued at about $36,000. 51.11% of the stock is 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.