AudioEye (NASDAQ:AEYE) PT Raised to $17.00 at HC Wainwright

AudioEye (NASDAQ:AEYE) had its price target increased by research analysts at HC Wainwright from $10.00 to $17.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price objective points to a potential upside of 36.33% from the stock’s previous close.

Several other research analysts have also commented on AEYE. Craig Hallum raised their price objective on shares of AudioEye from $10.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. B. Riley upped their price target on AudioEye from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th.

AudioEye Stock Performance

AudioEye stock opened at $12.47 on Thursday. The stock has a market cap of $145.40 million, a price-to-earnings ratio of -25.45 and a beta of 1.36. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a 50 day simple moving average of $9.02 and a 200-day simple moving average of $6.19. AudioEye has a 1-year low of $3.75 and a 1-year high of $15.31.

AudioEye (NASDAQ:AEYE) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.87 million for the quarter, compared to analyst estimates of $7.91 million. On average, analysts expect that AudioEye will post 0.01 EPS for the current year.

Institutional Trading of AudioEye

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE grew its position in AudioEye by 4,864.2% during the 1st quarter. Bank of America Corp DE now owns 8,042 shares of the company’s stock worth $57,000 after purchasing an additional 7,880 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of AudioEye during the fourth quarter worth about $58,000. Renaissance Technologies LLC purchased a new position in shares of AudioEye during the second quarter worth about $59,000. Potomac Capital Management Inc. purchased a new stake in AudioEye during the 3rd quarter valued at approximately $100,000. Finally, BlackRock Inc. lifted its position in AudioEye by 6.9% during the 2nd quarter. BlackRock Inc. now owns 30,344 shares of the company’s stock worth $148,000 after acquiring an additional 1,965 shares during the period. Institutional investors and hedge funds own 51.11% of the company’s stock.

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.