AudioEye (NASDAQ:AEYE) Receives “Buy” Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of AudioEye (NASDAQ:AEYE) in a research report report published on Wednesday morning, Benzinga reports. HC Wainwright currently has a $17.00 price objective on the stock.

Several other research firms have also commented on AEYE. Craig Hallum lifted their price target on shares of AudioEye from $10.00 to $20.00 and gave the company a buy rating in a research report on Wednesday, April 10th. B. Riley lifted their price target on shares of AudioEye from $10.00 to $14.00 and gave the company a buy rating in a research report on Wednesday, April 10th.

AudioEye Trading Up 7.0 %

AEYE opened at $14.43 on Wednesday. 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 company’s 50 day simple moving average is $9.32 and its two-hundred day simple moving average is $6.30. AudioEye has a 1-year low of $3.75 and a 1-year high of $16.22. The firm has a market capitalization of $168.25 million, a price-to-earnings ratio of -29.45 and a beta of 1.36.

AudioEye (NASDAQ:AEYE) last released its earnings results on Wednesday, March 6th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates 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. Analysts expect that AudioEye will post 0.01 EPS for the current fiscal year.

Institutional Trading of AudioEye

A hedge fund recently bought a new stake in AudioEye stock. Potomac Capital Management Inc. bought a new stake in AudioEye, Inc. (NASDAQ:AEYE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,300 shares of the company’s stock, valued at approximately $100,000. Potomac Capital Management Inc. owned 0.17% of AudioEye as of its most recent SEC filing. Hedge funds and other institutional investors 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.