AudioEye, Inc. (NASDAQ:AEYE – Get Free Report) CEO David Moradi acquired 29,947 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of $5.59 per share, with a total value of $167,403.73. Following the completion of the acquisition, the chief executive officer now directly owns 2,898,333 shares in the company, valued at approximately $16,201,681.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
AudioEye Stock Down 5.3 %
Shares of NASDAQ:AEYE opened at $5.35 on Tuesday. The stock has a market cap of $63.18 million, a PE ratio of -7.54 and a beta of 1.08. The company’s fifty day moving average is $5.08 and its 200 day moving average is $5.67. AudioEye, Inc. has a 52 week low of $3.37 and a 52 week high of $7.89.
AudioEye (NASDAQ:AEYE – Get Free Report) last issued its earnings results on Thursday, August 10th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $7.84 million for the quarter, compared to analysts’ expectations of $7.85 million. AudioEye had a negative net margin of 26.38% and a negative return on equity of 66.49%. Sell-side analysts anticipate that AudioEye, Inc. will post -0.39 EPS for the current year.
Hedge Funds Weigh In On AudioEye
Wall Street Analysts Forecast Growth
AEYE has been the subject of a number of research analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price objective on shares of AudioEye in a report on Friday, August 11th. B. Riley dropped their price objective on shares of AudioEye from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 11th.
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 network connection, 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.
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