AudioEye (NASDAQ:AEYE) Shares Gap Up to $24.57

Shares of AudioEye, Inc. (NASDAQ:AEYE) gapped up prior to trading on Thursday . The stock had previously closed at $24.57, but opened at $27.19. AudioEye shares last traded at $27.19, with a volume of 10 shares trading hands.

A number of brokerages recently weighed in on AEYE. Zacks Investment Research downgraded shares of AudioEye from a “buy” rating to a “hold” rating in a research report on Thursday, October 29th. ValuEngine cut shares of AudioEye from a “buy” rating to a “hold” rating in a research report on Tuesday, December 1st.

The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $20.24 and a 200 day moving average price of $16.32.

AudioEye (NASDAQ:AEYE) last announced its earnings results on Tuesday, November 17th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.21. The firm had revenue of $5.34 million for the quarter, compared to the consensus estimate of $4.89 million. AudioEye had a negative net margin of 30.03% and a negative return on equity of 233.53%. Research analysts forecast that AudioEye, Inc. will post -0.74 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of AEYE. Advisor Group Holdings Inc. boosted its stake in AudioEye by 223.0% in the 2nd quarter. Advisor Group Holdings Inc. now owns 6,421 shares of the company’s stock worth $64,000 after purchasing an additional 4,433 shares during the period. TCI Wealth Advisors Inc. raised its stake in shares of AudioEye by 22.5% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 32,369 shares of the company’s stock valued at $472,000 after purchasing an additional 5,946 shares during the period. Royce & Associates LP bought a new stake in shares of AudioEye in the third quarter valued at about $729,000. Finally, Greenhaven Road Investment Management L.P. acquired a new position in shares of AudioEye during the third quarter worth about $11,941,000. 4.19% of the stock is currently owned by institutional investors and hedge funds.

AudioEye Company Profile (NASDAQ:AEYE)

AudioEye, Inc provides Web accessibility solutions to Internet, print, broadcast, and other media to people regardless of their network connection, device, location, or disabilities in the United States. The company develops patented Internet content publication and distribution software that enables conversion of media into accessible formats, as well as allows for real time distribution on various Internet connected devices.

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