Audioeye (NASDAQ:AEYE) Director Acquires $38,310.00 in Stock

Audioeye, Inc. (NASDAQ:AEYE) Director James Hawkins purchased 3,000 shares of Audioeye stock in a transaction that occurred on Wednesday, November 4th. The stock was acquired at an average price of $12.77 per share, for a total transaction of $38,310.00. Following the transaction, the director directly owned 228,684 shares of the company’s stock, valued at $2,920,294.68. The trade was a 1.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Audioeye Stock Up 2.6%

Audioeye stock opened at $12.37 on Friday. The company has a market capitalization of $156.98 million, a PE ratio of -51.54 and a beta of 0.77. The firm has a 50 day moving average price of $8.21 and a 200 day moving average price of $7.22. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.23 and a current ratio of 1.23. Audioeye, Inc. has a fifty-two week low of $5.31 and a fifty-two week high of $14.68.

Audioeye (NASDAQ:AEYE) last issued its quarterly earnings results on Monday, October 26th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. Audioeye had a negative net margin of 7.12% and a positive return on equity of 163.66%. The business had revenue of $10.96 million during the quarter, compared to analyst estimates of $10.94 million. Research analysts expect that Audioeye, Inc. will post 0.64 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on AEYE. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Audioeye in a research note on Wednesday. Wall Street Zen raised Audioeye from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.62.

Hedge Funds Weigh In On Audioeye

A number of institutional investors and hedge funds have recently bought and sold shares of AEYE. R Squared Ltd purchased a new stake in shares of Audioeye during the 3rd quarter valued at $71,000. Engineers Gate Manager LP acquired a new position in shares of Audioeye during the 2nd quarter valued at about $79,000. Compass Financial Management LLC purchased a new stake in Audioeye during the 2nd quarter worth about $55,000. Globeflex Capital L P acquired a new stake in shares of Audioeye during the 2nd quarter valued at approximately $462,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Audioeye in the second quarter worth $206,000. Institutional investors and hedge funds own 51.11% of the company’s stock.

Audioeye Company Profile

AudioEye, Inc (NASDAQ: AEYE) provides digital accessibility technology and services designed to help organizations make websites and digital content more usable for people with disabilities. Its platform is intended to support compliance with accessibility standards and regulations, including the Web Content Accessibility Guidelines (WCAG) and requirements associated with the Americans with Disabilities Act.

The company’s offerings include automated accessibility testing, monitoring and remediation tools, an accessibility interface for website visitors, and access to accessibility experts who can assist with testing and compliance programs.