AudioEye (NASDAQ:AEYE) PT Raised to $18.50 at B. Riley

AudioEye (NASDAQ:AEYE) had its price objective lifted by equities research analysts at B. Riley from $14.00 to $18.50 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s price target suggests a potential upside of 24.58% from the company’s current price.

AEYE has been the topic of a number of other research reports. Craig Hallum lifted their price objective on AudioEye from $10.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. HC Wainwright reaffirmed a “buy” rating and issued a $17.00 price objective on shares of AudioEye in a research note on Wednesday.

AudioEye Trading Up 2.9 %

Shares of NASDAQ:AEYE opened at $14.85 on Wednesday. The stock has a market capitalization of $173.15 million, a price-to-earnings ratio of -38.08 and a beta of 1.36. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.28 and a current ratio of 1.28. The stock’s 50-day simple moving average is $9.50 and its two-hundred day simple moving average is $6.36. AudioEye has a 52-week low of $3.75 and a 52-week high of $16.22.

AudioEye (NASDAQ:AEYE) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. AudioEye had a negative return on equity of 12.39% and a negative net margin of 14.83%. The firm had revenue of $7.87 million for the quarter, compared to analysts’ expectations of $7.91 million. Analysts expect that AudioEye will post 0.01 EPS for the current year.

Institutional Investors Weigh In On AudioEye

An institutional investor recently bought a new position in AudioEye stock. Potomac Capital Management Inc. acquired a new stake in shares of AudioEye, Inc. (NASDAQ:AEYE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,300 shares of the company’s stock, valued at approximately $100,000. Potomac Capital Management Inc. owned approximately 0.17% of AudioEye at the end of the most recent reporting period. Institutional investors and hedge funds own 51.11% of the company’s stock.

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.