AudioEye (NASDAQ:AEYE) Price Target Increased to $17.00 by Analysts at HC Wainwright

AudioEye (NASDAQ:AEYE) had its price target increased by HC Wainwright from $10.00 to $17.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also commented on the stock. B. Riley increased their price objective on shares of AudioEye from $10.00 to $14.00 and gave the stock a buy rating in a report on Wednesday, April 10th. Craig Hallum increased their price objective on shares of AudioEye from $10.00 to $20.00 and gave the stock a buy rating in a report on Wednesday, April 10th.

AudioEye Stock Up 4.4 %

AEYE opened at $13.01 on Thursday. The firm’s 50-day simple moving average is $8.88 and its 200-day simple moving average is $6.14. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.28 and a current ratio of 1.28. AudioEye has a twelve month low of $3.75 and a twelve month high of $15.31. The firm has a market cap of $151.70 million, a price-to-earnings ratio of -26.55 and a beta of 1.36.

AudioEye (NASDAQ:AEYE) last posted its earnings results on Wednesday, March 6th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.11. AudioEye had a negative net margin of 18.75% and a negative return on equity of 27.55%. The business had revenue of $7.87 million for the quarter, compared to analyst estimates of $7.91 million. Equities research analysts anticipate that AudioEye will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Potomac Capital Management Inc. acquired a new position in AudioEye during the 3rd quarter valued at about $100,000. Vanguard Group Inc. lifted its position in AudioEye by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 302,261 shares of the company’s stock valued at $1,638,000 after purchasing an additional 5,001 shares during the period. Northern Trust Corp lifted its position in AudioEye by 168.8% during the 4th quarter. Northern Trust Corp now owns 28,321 shares of the company’s stock valued at $154,000 after purchasing an additional 17,786 shares during the period. HighTower Advisors LLC acquired a new position in AudioEye during the 3rd quarter valued at about $149,000. Finally, Renaissance Technologies LLC acquired a new position in AudioEye during the 2nd quarter valued at about $59,000. 51.11% of the stock is currently owned by institutional investors and hedge funds.

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.