TheStreet Upgrades Audioeye (AEYE) to “C-“

Audioeye (OTCMKTS:AEYE) was upgraded by research analysts at TheStreet from a “d” rating to a “c-” rating in a note issued to investors on Thursday.

AEYE has been the topic of several other research reports. National Securities started coverage on Audioeye in a report on Thursday, November 29th. They set a “buy” rating and a $9.00 price target on the stock. Zacks Investment Research upgraded Audioeye from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Tuesday, November 20th. Finally, B. Riley set a $10.00 price target on Audioeye and gave the stock a “buy” rating in a report on Thursday, November 15th.

Shares of AEYE stock traded up $0.44 on Thursday, hitting $6.99. The stock had a trading volume of 4,539 shares, compared to its average volume of 6,919. Audioeye has a 1 year low of $3.13 and a 1 year high of $10.24.

A number of hedge funds and other institutional investors have recently modified their holdings of AEYE. TCI Wealth Advisors Inc. purchased a new stake in Audioeye during the 3rd quarter worth about $238,000. Manatuck Hill Partners LLC purchased a new stake in Audioeye during the 3rd quarter worth about $360,000. Finally, B. Riley Financial Inc. purchased a new stake in Audioeye during the 3rd quarter worth about $2,117,000.

About Audioeye

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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