AudioEye (NASDAQ:AEYE – Free Report) had its target price increased by B. Riley from $14.00 to $18.50 in a report published on Wednesday morning, Benzinga reports. B. Riley currently has a buy rating on the stock.
Other equities analysts also recently issued reports about the company. HC Wainwright restated a buy rating and set a $17.00 price objective on shares of AudioEye in a research report on Wednesday. Craig Hallum lifted their target price on AudioEye from $10.00 to $20.00 and gave the stock a buy rating in a report on Wednesday, April 10th.
View Our Latest Stock Analysis on AudioEye
AudioEye Price Performance
AudioEye (NASDAQ:AEYE – Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. AudioEye had a negative return on equity of 27.55% and a negative net margin of 18.75%. The company had revenue of $7.87 million during the quarter, compared to the consensus estimate of $7.91 million. As a group, equities research analysts anticipate that AudioEye will post 0.01 earnings per share for the current year.
Institutional Investors Weigh In On AudioEye
A hedge fund recently bought a new stake in AudioEye stock. Potomac Capital Management Inc. bought a new position in AudioEye, Inc. (NASDAQ:AEYE – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,300 shares of the company’s stock, valued at approximately $100,000. Potomac Capital Management Inc. owned approximately 0.17% of AudioEye as of its most recent filing with the Securities and Exchange Commission (SEC). 51.11% of the stock is owned by institutional investors and hedge funds.
AudioEye Company Profile
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.
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