Audioeye (NASDAQ:AEYE) Chairman David Moradi Sells 37,484 Shares of Company Stock

Audioeye, Inc. (NASDAQ:AEYE) Chairman David Moradi sold 37,484 shares of Audioeye stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $13.48, for a total transaction of $505,284.32. Following the sale, the chairman owned 1,811,278 shares in the company, valued at $24,416,027.44. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

David Moradi also recently made the following trade(s):

• On Tuesday, November 3rd, David Moradi sold 39,312 shares of Audioeye stock. The shares were sold at an average price of $13.45, for a total transaction of $528,746.40.
• On Friday, October 30th, David Moradi sold 100,845 shares of Audioeye stock. The shares were sold at an average price of $13.53, for a total transaction of $1,364,432.85.

Audioeye Stock Performance

Shares of AEYE stock opened at $13.59 on Wednesday. The stock’s 50-day moving average is $7.90 and its two-hundred day moving average is $7.18. 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 1 year low of $5.31 and a 1 year high of $15.32. The firm has a market cap of $172.46 million, a price-to-earnings ratio of -56.62 and a beta of 0.77.

Audioeye (NASDAQ:AEYE) last posted its earnings results on Monday, October 26th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03. The business had revenue of $10.96 million during the quarter, compared to the consensus estimate of $10.94 million. Audioeye had a positive return on equity of 163.66% and a negative net margin of 7.12%. Analysts predict that Audioeye, Inc. will post 0.64 earnings per share for the current year.

Audioeye News Summary

Here are the key news stories impacting Audioeye this week:

• Positive Sentiment: AudioEye’s third-quarter adjusted EBITDA increased 58% year over year to $3.9 million. The company also launched a $15 million share-repurchase program running through October 2027, potentially supporting earnings per share and share demand. Article: AudioEye: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Director James Hawkins bought 4,000 shares for $52,600, increasing his holdings by 1.8%. The insider purchase may signal confidence in the company. SEC filing
• Neutral Sentiment: A Zacks report cited analyst earnings-estimate revisions and a mean price-target-implied upside of 33%. The report cautions that price targets are not consistently reliable indicators. Article: Does AudioEye Have the Potential to Rally?
• Negative Sentiment: Chairman David Moradi sold 177,641 shares across transactions dated October 30 through November 3, receiving about $2.4 million. He still directly owned 1,771,966 shares after the latest sale, but the consecutive disposals could create a near-term headwind for sentiment. SEC filing

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AEYE. Wall Street Zen upgraded Audioeye from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Audioeye in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.62.

Institutional Investors Weigh In On Audioeye

A number of institutional investors and hedge funds have recently made changes to their positions in AEYE. Sei Investments Co. boosted its stake in shares of Audioeye by 481.3% during the first quarter. Sei Investments Co. now owns 153,537 shares of the company’s stock worth $978,000 after buying an additional 127,126 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Audioeye by 1,071.0% during the first quarter. Renaissance Technologies LLC now owns 125,300 shares of the company’s stock worth $798,000 after buying an additional 114,600 shares during the last quarter. Globeflex Capital L P acquired a new position in Audioeye in the 2nd quarter valued at about $462,000. Engineers Gate Manager LP acquired a new position in Audioeye in the 2nd quarter valued at about $79,000. Finally, Compass Financial Management LLC acquired a new position in Audioeye in the 2nd quarter valued at about $55,000. 51.11% of the stock is owned by hedge funds and other institutional investors.

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.