AudioEye (NASDAQ:AEYE) Rating Reiterated by HC Wainwright

AudioEye (NASDAQ:AEYE)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a research note issued on Wednesday, Benzinga reports. They presently have a $17.00 price target on the stock. HC Wainwright’s price objective indicates a potential upside of 14.48% from the company’s previous close.

Other research analysts also recently issued reports about the company. Craig Hallum boosted their target price on AudioEye from $10.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. B. Riley boosted their target price on AudioEye from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th.

AudioEye Trading Up 2.9 %

Shares of NASDAQ AEYE opened at $14.85 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50 day moving average price is $9.50 and its 200-day moving average price is $6.36. AudioEye has a fifty-two week low of $3.75 and a fifty-two week high of $16.22. The company has a market cap of $173.15 million, a price-to-earnings ratio of -38.08 and a beta of 1.36.

AudioEye (NASDAQ:AEYE) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.11. The company had revenue of $7.87 million for the quarter, compared to the consensus estimate of $7.91 million. AudioEye had a negative return on equity of 12.39% and a negative net margin of 14.83%. On average, sell-side analysts expect that AudioEye will post 0.01 earnings per share for the current year.

Institutional Trading of AudioEye

An institutional investor recently bought a new position in AudioEye stock. Potomac Capital Management Inc. purchased a new position in AudioEye, Inc. (NASDAQ:AEYE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,300 shares of the company’s stock, valued at approximately $100,000. Potomac Capital Management Inc. owned 0.17% of AudioEye at the end of the most recent quarter. 51.11% of the stock is currently owned by institutional investors.

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.