Audioeye (NASDAQ:AEYE) Chairman Sells $284,406.48 in Stock

Audioeye, Inc. (NASDAQ:AEYE) Chairman David Moradi sold 22,359 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $12.72, for a total value of $284,406.48. Following the sale, the chairman owned 1,749,607 shares of the company’s stock, valued at approximately $22,255,001.04. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $13.45, for a total value of $528,746.40.
• On Monday, November 2nd, David Moradi sold 37,484 shares of Audioeye stock. The stock was sold at an average price of $13.48, for a total value of $505,284.32.
• 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 value of $1,364,432.85.

Audioeye Price Performance

NASDAQ AEYE opened at $12.37 on Monday. Audioeye, Inc. has a 52 week low of $5.31 and a 52 week high of $14.68. The firm has a market capitalization of $156.91 million, a P/E ratio of -51.54 and a beta of 0.77. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 3.03. The company has a 50-day moving average price of $8.21 and a 200-day moving average price of $7.22.

Audioeye (NASDAQ:AEYE) last posted its quarterly earnings data 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. The company had revenue of $10.96 million for the quarter, compared to the consensus estimate of $10.94 million. Audioeye had a negative net margin of 7.12% and a positive return on equity of 163.66%. Equities research analysts anticipate that Audioeye, Inc. will post 0.64 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Audioeye

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Audioeye in the third quarter worth approximately $71,000. Engineers Gate Manager LP purchased a new stake in shares of Audioeye in the second quarter worth $79,000. Compass Financial Management LLC purchased a new stake in shares of Audioeye in the second quarter worth $55,000. Globeflex Capital L P bought a new stake in shares of Audioeye during the 2nd quarter valued at $462,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Audioeye during the 2nd quarter valued at $206,000. Institutional investors 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.